- On April 2, President Donald Trump announced a universal 10% tariff on all imported goods on April 5, and a hike in cleaning fees.
- In X Post, Santiment highlighted several crypto assets that it watches in the volatile market, including ADA, ETH, BNB, Solana, RLUSD, and USDT.
President Donald Trump's recent tariff announcement, which aimed to combat unfair trade practices and increase tax revenue, has been affecting the cryptocurrency market. These policies led to significant fluctuations in crypto prices and crypto stocks.
In response to these developments, various digital assets are becoming popular due to increased speculation, market activity and major updates. According to Market Intelligence Platform Santiment, Solana has experienced a surge in price forecasts, technology analysis and market debate.
Includes major drivers behind Solana's recent trends PayPal adoption The payment giant officially added Solana (SOL) to its list of supported cryptocurrencies, and so on blockchain. Additionally, investors' interests have been granted by the US Securities and Exchange Commission (SEC) to fidelity filing with the Solana Exchange-Traded Fund (ETF) and to acknowledge the level of cryptocurrency price forecasts. It's worth noting that Solana hit a record high of $294 in January, but it's currently trading at $115, 61% below the ATH.
Ethereum (eth)
Ethereum continues to be a hot topic in the cryptocurrency debate, primarily due to its importance in market analysis and technical evaluation. As Santiment pointed out, traders are closely watching the transition to Ethereum 2.0, particularly their impact on scalability and adoption. In addition to this, it is highly anticipated Pectra Upgrade The show will be live on May 7th with the goal of enhancing user interaction and improving developer workflows. This follows a complete finalization in the hoodie testnet, as explained in all recent Core Developer Run (ACDE) calls. Currently, ETH is trading at $1,776, reflecting a 5.84% decline over the past week.
Ripple USD (RLUSD)
Released in December 2024, Ripple's Stablecoin is designed to provide stability and liquidity within the Ripple ecosystem, and is trending due to integration into Ripple's payment system. The move aims to enhance cross-border transactions and increase enterprise-level efficiency. Additionally, Stablecoin has established itself as a strong competitor in the Stablecoin market, which has over $100 billion. It also highlights a surge in adoption volume with RLUSD increasing by 87%, exceeding $10 billion on platforms like Kraken.
Tether (USDT)
As the largest Stablecoin issuer, Tether remains the dominant force in trading debate, frequently mentioned in trading strategies in which traders use it for profit targets and profit calculations. As stated in Previous PostTether has recently added 8,888 BTC, pledging to allocate 15% of profits to regular Bitcoin purchases, with the aim of increasing market liquidity.
Cardano (there)
Ranked 10th in market capitalization at $222.7 billion, Cardano also focuses on market trends and investment debates. Recently, Crypto Analysts Ali Martinez reported Important whale sales activities have sold 120 million ADAs in the past 48 hours. Currently, Cardano's price is $0.632412, with a 24-hour trading volume of $1.49 billion, and Concodex forecasts a potential 56% spike, bringing the price to $0.71. Additionally, Coinbase Derivatives has further increased investor interest with approval to provide CFTC-regulated futures to both natural gas and cardano (ADA).
Binance Coin (BNB)
BNB, the native cryptocurrency of Binance Exchange, is closely monitoring its price movements and potential trading ranges. recently CNF Report The Global Investment Management company highlighted the submission of Vaneck to the BNB ETF, which officially registered the statutory trust of the BNB ETF. If approved, the move could raise demand, liquidity and potentially raise BNB prices, increasing speculation about future market impacts.
