Why XRP Remains a Top Pick Among Experts for the Best Cryptocurrencies to Buy Now

Just this week, Trump included XRP in his list of Crypto Strategic Reserve assets and invited Ripple CEO Brad Garlinghouse to the White House Digital Assets Summit.

In a surprising move that has sparked widespread interest and speculation, Donald Trump is now said to be picking cryptocurrency assets over safer havens like gold during the turbulent economic times.

According to reports by The Coin Point, the former president is said to be showing an inclination towards cryptocurrencies, particularly in light of the recent setbacks faced by the US economy, which saw a decline in GDP for the second consecutive quarter.

The report notes that Trump’s optimism towards cryptocurrencies stems from his belief that these digital assets could serve as a beacon of hope for the nation, particularly in navigating the choppy waters of the current economic landscape.

However, contrary to expectations, Trump isn’t interested in Bitcoin, despite its status as the world’s leading cryptocurrency. Instead, he is said to be focusing on altcoins, specifically XRP and a new Layer-2 Solana token called Solaxy (SOLX).

"He’s not a fan of Bitcoin, says it’s ‘too well-known’ and prefers ‘under-the-radar gems’ that can ‘shoot up fast.’ Mainly interested in small-cap Solana projects and new stablecoins," a source close to Trump reportedly said.

Trump’s interest in XRP is likely linked to his administration’s actions in shutting down the SEC lawsuit against Ripple and opening the door for spot XRP ETFs.

He is also said to be including XRP in the US Digital Asset Stockpile, which he announced earlier this week.

"We're not buying any crypto, except maybe BTC. But we're not going to bring enforcement actions or anything like that. We're just going to leave it alone and let it do its thing," Trump stated in a press release.

"We're also putting together a US Digital Asset Stockpile, which will include some of the best performing crypto assets this year. So far, we have chosen XRP, Chainlink and Astar Network. We'll add a few more assets over the coming months."

Meanwhile, Solaxy is a new Layer-2 project on Solana that is aiming to increase throughput and reduce gas fees on the Solana network.

The project has already raised over $25 million in its presale, which is quickly selling out as a result of interest from both whales and retail traders.

Earlier this week, one whale invested nearly $200k in Solaxy, while several others have invested six-figure sums during the past few weeks.

Considering that the top Bitcoin and Ethereum L2s like Stacks, Optimism and Arbitrum all have multibillion-dollar valuations, it is no surprise that Solaxy is gaining attention before its mainnet launch later this year.

Solaxy is using zero-knowledge rollups, armed with a deterministic sequencer, a robust state change function and data availability tools like Celestia. It has also partnered with Hyperlane to build a multi-chain bridge, aiming for high interoperability between Solaxy and top chains like Ethereum, Solana and Base.