Nomadix

#US President Donald #TRUMP made his anticipated speech on crypto. Trump provided information about his work on crypto in a video message to a crypto conference held in New York. The President did not announce any changes to crypto policy, similar to the rumors that emerged yesterday.
US President #DonaldTrump made a statement via video at the Digital Asset Summit organized by Blockworks in New York. Trump said, "It is an honor for me to be a leader in crypto and next-generation financial technologies in the United States. It will not be easy, but we are far ahead in survival."
“Ending shameful practices”
The President continued his speech by mentioning the continuity of the digital asset held at the White House two weeks ago and made the following statements:
“Many prominent people in the crypto world were brought together in a record led by David Sacks, the White House’s artificial intelligence and crypto chief, who is a magnificent and extremely intelligent person.
The same week, I signed an executive order to create the new Strategic Bitcoin Reserve and the U.S. Digital Asset Stock. With this reserve, the federal government will be able to protect and increase the long-term value of its assets. In the previous administration, Biden made a big mistake by selling these assets for only a small portion of their long-term value and received very little return.
We are ending the previous cryptocurrency administration and its war on Bitcoin. Accordingly, including the illegal Operation Shock Point 2.0. Choke Point was not an ordinary regulation, it went through much more distributions. It was an application in which government law was weaponized. It was a source of reduction, to be frank. But on January 20, 2025, that was completely over.”
“I called for the Stablecoin Act to be preserved”
“I also have a program to introduce legislation in Congress that provides simple and rules-based rules for stablecoins and market structure, which is owned by current users. With the right legal framework, institutions, large and small, will be free to invest, innovate, and participate in one of the most exciting technological programs in modern history.
References like you will be able to improve our banking and payment systems, providing both American citizens and business separations with greater privacy, security, safety, and prosperity. This will lead to an explosion in economic growth. With stablecoins based on dollars, we will extend the dominance of the US dollar and maintain these units for many years to come. We want to stay at the top and we will stay.
Crypto carries their energy and passion, the spirit of building diversity, it is truly exciting. It is a great honor to watch the individuals of finance. And what's more, right here in the USA – our beautiful products – are being selected.”

#TrumpAtDAS #FedWatch

$SOL


Solana (SOL), once a promising blockchain known for its high-speed transactions and low costs, has faced challenges contributing to its recent downtrend. Here’s an analysis of the primary factors influencing its current market performance.

1. Market-Wide Bearish Sentiment
The broader cryptocurrency market has been in a bearish phase due to macroeconomic factors such as high inflation, increased regulatory scrutiny, and the Federal Reserve's tightening monetary policies. Solana, like most cryptocurrencies, is heavily influenced by these trends, leading to decreased investor confidence and price declines.

2.Network Congestion and Reliability Issues: A Key Concern for Solana
Solana has faced significant network congestion and reliability issues, which have emerged as major challenges for its ecosystem. While these problems partly stem from Solana’s increasing popularity and adoption, they have exposed underlying scalability limitations:
High User Activity Overloads the Network
Solana’s ability to process thousands of transactions per second (TPS) has been a key selling point. However, surges in usage, particularly during periods of intense trading or popular NFT drops, have caused the network to slow down significantly or even halt temporarily. This is problematic for developers building dApps (decentralized applications) and users relying on consistent performance.Frequent Outages
Over the past year, Solana has experienced multiple outages due to excessive transaction demand and bot activity. These outages undermine the network’s reliability and damage its reputation among developers and institutional investors who prioritize stability.Impact on Investor Sentiment
The recurring network problems have led to frustration among users and stakeholders, negatively influencing investor confidence. Many see these issues as indicative of a lack of preparedness for the scale of demand Solana aims to handle. This has contributed to reduced trading volumes and price declines.

3. Competitive Pressures
Competing blockchain platforms like Ethereum, Binance Smart Chain, and Polygon are aggressively scaling and innovating, offering similar or better transaction speeds and lower costs. This heightened competition has diverted attention and investment away from Solana.
4. Regulatory Concerns
Increased regulatory uncertainty surrounding cryptocurrencies has disproportionately affected high-profile blockchains like Solana. Market concerns about compliance, especially in jurisdictions like the U.S., have added downward pressure on SOL’s price.
5. Technical Price Patterns
Analysts point to Solana’s price chart showing technical resistance at critical levels. If these resistances aren’t broken, further declines are possible. Current trading patterns suggest potential dips to support levels around $72 if bearish momentum persists.
Outlook for Recovery
Despite these challenges, the long-term outlook for Solana remains optimistic. It is attracting a growing developer base, with over 2,500 active contributors in its ecosystem, and continues to release innovative features like confidential transactions and metadata extensions. These advancements could strengthen its competitive edge and boost its price in the coming years【31】【32】.
For investors, caution is advised in the short term, but Solana’s robust ecosystem and long-term adoption prospects make it a blockchain to watch closely.
Solana’s Efforts to Address These Issues
To counter these challenges, Solana is actively working on upgrades to its protocol and enhancements in network resilience. These efforts aim to improve stability and ensure the blockchain can handle peak demand without interruptions. If successful, these improvements could restore trust and bolster the platform’s long-term prospects.
However, in the short term, these reliability concerns remain a significant factor contributing to Solana's current downtrend. Let me know if you'd like further details on Solana's upgrades or competitive positioning.

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