While Bitcoin made a notable comeback, surging past the key $90,000 level fueled by positive buzz around crypto adoption in the United States, some altcoins actually stole the show and outpaced the broader crypto market.

Leading the charge was Cardano’s

token, which emerged as the top performer among the largest 100 cryptocurrencies. Cointelegraph Markets Pro data revealed a remarkable surge of over 43% in the 24 hours leading up to 10:15 am UTC on March 3, pushing ADA’s price above $0.95.

Solana

and XRP also joined the party, staging impressive rallies of their own. XRP climbed by more than 15%, while SOL jumped nearly 12% on the daily charts. This strong showing allowed them to outshine Bitcoin’s

already solid 7.3% rise within the day.

This wave of positive momentum arrived roughly a day after former US President Donald Trump made an announcement: his Working Group on Digital Assets had been instructed to consider including these very three altcoins as part of the US crypto strategic reserve.

According to Marcin Kazmierczak, co-founder and COO of blockchain oracle provider RedStone, Trump’s announcement appears to be the key catalyst behind this market activity:

“The main driver [of this rally] is indeed Trump’s decision to potentially include ADA, SOL, and XRP in the US reserves. Shortly after, he followed up with a tweet, clarifying that BTC and ETH would naturally form the core of this reserve.”

However, Kazmierczak also pointed out that community enthusiasm played a significant role, particularly for ADA and XRP. He noted their already strong and passionate communities could be a major draw for even more retail investors.

This recent rebound in the crypto market might just signal the end of a previous period of market downturn. As Cointelegraph reported on Feb. 20, this downturn had seen a significant 24% of the top 200 cryptocurrencies slump to their lowest prices in a year.

Related: Ronaldinho launches token with 35% insider supply, hits $397M market cap

ADA, SOL, XRP may be the first altcoins considered for a potential US crypto reserve

Juan Pellicer, senior research analyst at IntoTheBlock, a crypto intelligence platform, shared his perspective with Cointelegraph, suggesting that Trump’s announcement could represent a major turning point for these three altcoins:

“While the concept of a crypto reserve itself isn’t entirely new, this instance is unique. It marks the first time specific altcoins have been mentioned as potential candidates, hinting that the initiative is broader than just Bitcoin and likely emphasizes crypto projects originating within the U.S.”

Related: Solana down 45% since Trump token launch as memecoins divert liquidity

It’s worth recalling Trump’s prior commitment to establishing a “strategic national Bitcoin stockpile,” announced at the Bitcoin 2024 conference in Nashville, Tennessee. During his keynote address, Trump stated to the audience:

“It will be the official policy of my administration — the United States of America — to retain 100% of all Bitcoin currently held by the government, or acquired at any point in the future. We are committed to keeping every single Bitcoin.”

Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1

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