5 Best Altcoins to Buy Now as Donald Trump Victory in 2024 U.S. Presidential Election Could Drive Ethereum (ETH) to New All-Time Highs

A prominent crypto influencer suggests that Donald Trump’s victory in the 2024 U.S. Presidential election could drive Ethereum (ETH) to new all-time highs by the first quarter of 2025.

Cryptocurrency prices have experienced a downturn in recent times, and many investors are searching for the best altcoins to buy now to capitalize on the current market growth. Among the promising options available are the Ethereum Name Service (ENS), Uniswap (UNI), Bitcoin Cash (BCH), Wall Street Pepe (WEPE), and the MX Token (MX).

1. Ethereum Name Service (ENS)

ENS, currently ranked #83 among cryptocurrencies, is priced at $32.63, reflecting a 2.59% increase over the last 24 hours. With a market cap of $1.14 billion, the token has experienced a significant surge in trading volume, reaching $235.44 million over the past 24 hours, a rise of 83.86%. The Fully Diluted Valuation (FDV) for ENS is $3.25 billion, fully realized if all outstanding tokens are sold at the current market price. This metric provides a theoretical maximum market capitalization for the cryptocurrency.

ENS has a circulating supply of 35.18 million tokens out of a total supply of 100 million. This limited supply could contribute to scarcity and potentially drive up the value of each token as demand increases. Currently, the price of ENS is trading below its 200-day simple moving average (SMA), which might indicate a downtrend in the longer time frame. However, this trend could also present an opportunity for buying at a lower price point.

Over the past year, ENS has shown remarkable performance, with its price increasing by 228%, outperforming 86% of the top 100 cryptocurrencies. It has also outperformed Bitcoin and Ethereum during this period. The token is trading above its 200-day SMA, reflecting a strong long-term bullish trend. In the last 30 days, ENS recorded 15 green days, making up 50% of the month.

2. Uniswap (UNI)

UNI, ranked #23 among cryptocurrencies, is currently priced at $12.88, showing a 2.76% increase over the past 24 hours. With a market cap of $7.73 billion, the token has witnessed a substantial rise in trading volume, reaching $302.58 million over the past 24 hours, a 44.53% increase. The Fully Diluted Valuation (FDV) for UNI is $12.88 billion, fully realized if all outstanding tokens are sold at the current market price. This metric provides a theoretical maximum market capitalization for the cryptocurrency.

UNI has a circulating supply of 752 million tokens out of a total supply of 1 billion UNI. This supply is designed to be gradually released over time, ensuring a steady flow of tokens into the market. Currently, the price of UNI is trading 30.70% above its 200-day SMA ($9.92), indicating a strong long-term bullish trend. In the past 30 days, UNI recorded 17 green days (57%), reflecting consistent positive performance.

The Fear & Greed Index currently shows 65 (Greed), signaling a favorable market sentiment. Uniswap has a Market Cap/TVL ratio of 1.47, with a Total Value Locked (TVL) of $5.2 billion, showcasing its high liquidity relative to its market capitalization.

3. Bitcoin Cash (BCH)

BCH, currently ranked as the 21st largest cryptocurrency, is priced at $431.55, reflecting a 2.40% increase in the past 24 hours. The cryptocurrency has a market capitalization of $8.54 billion and a 24-hour trading volume of $310.74 million, which has surged by 44.13%. With a circulating supply of 19.8 million BCH out of a maximum supply of 21 million BCH, Bitcoin Cash’s Fully Diluted Valuation (FDV) is estimated at $9.06 billion.

Bitcoin Cash was created to solve Bitcoin’s scalability issues by increasing block sizes, allowing more transactions to be processed per block. This design ensures faster transaction speeds and lower fees, making it an ideal solution for efficient global payments. BCH remains committed to the principles of decentralization, providing an accessible and transparent financial system for all users.

Over the past year, BCH’s price has increased by 64%, outperforming 63% of the top 100 cryptocurrencies. The coin is trading above its 200-day Simple Moving Average (SMA), which signals a positive long-term trend. Additionally, Bitcoin Cash has seen 17 green days in the past 30 days, meaning it closed higher than its opening price