US President Donald Trump announced the 'Crypto Strategic Reserve' to strengthen the US economy and maintain America's position as a crypto capital country.
The plan involves the US government investing in Bitcoin, Ethereum, Solana, XRP, and Cardano.
The announcement resulted in a surge in the trade prices of top cryptocurrencies, with Cardano experiencing a 76% increase.
Crypto enthusiasts are bullish on the Cardano project due to the leadership and innovative developments in the Cardano blockchain ecosystem.