President Donald Trump has had a major impact on the cryptocurrency industry in recent months. His stance has led to an increase in market activity, with several cryptocurrencies experiencing a notable move this year and ready to earn more profits in the coming months.
As we progress through the first quarter of 2025, let’s take a closer look at the cryptocurrencies that are attracting attention and are worth watching this quarter.
Since Donald Trump was re-elected as the 47th US president, major cryptocurrencies have repeatedly smashed their all-time highs. On inauguration day, Bitcoin surged to a record $108,786, fostering investor optimism over the announcement of a potential Bitcoin reserve. Some states have already expressed interest in stockpiling bitcoin, and developments on this aspect could emerge this quarter.
As of mid-February, Bitcoin was trading at $95,000.
Ether, the second-largest cryptocurrency by market capitalization, has strictly adhered to Bitcoin’s trajectory, but in 2021 it’s not exceeded the record high of $4,878.
Nevertheless, Ethereum is the foundation of the blockchain industry, serving as the basis for thousands of distributed applications (DAPPs), enabling a wide range of use cases, from distributed finance (DEFI) to inappropriate tokens (NFTs). I’ll do it.
With a robust ecosystem and continuous network upgrade, Ethereum has room for growth in the near future, placing Indigenous tokens, ether, to see in evolving cryptographic landscapes.
As of mid-February, ether was trading at $2,600.
Solana is one of the fastest growing major cryptocurrencies. It competes with Ethereum in terms of speed and emerges as a powerful platform for hosting hundreds of distributed applications (DAPP). Additionally, several popular memokines have been developed on Solana’s blockchain, further expanding Solana’s use cases.
After successful launches of Bitcoin and Ether ETFs, there are strong indications that the Solana ETF could soon be released. Several asset management companies have already submitted applications for them. Investors should pay attention to this development. This is because it could be the focus of Solana Token this quarter.
As of mid-February, Solana was trading for $192.
XRP is a native token for the XRP ledger, an open source blockchain. It is used by the Ripple Payment Network to promote cross-border transactions and is designed to serve as a bridging currency. It is important to note that the company Ripple runs the network but does not own XRP.
The story continues