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Cryptocurrency News Articles
Three Altcoins That Could Soar Following January 20th
Jan 20, 2025 at 01:56 pm
January 20th sees Donald Trump swearing in as the 47th President of the United States, and the crypto world is excited about what's to come.
As we approach January 20th, the crypto community eagerly anticipates the swearing-in of Donald Trump as the 47th President of the United States. While the event marks a significant chapter in American politics, it also carries implications for the digital asset landscape.
Fresh from a low of around $0.50, XRP has seen a remarkable ascent, now trading at nearly $3. This impressive rally can be attributed, in part, to renewed interest from the market. However, the shifting political landscape has also played a crucial role in driving this cryptocurrency's impressive gains.
Several altcoins have shown exceptional resilience amidst the recent market downturn, and three, in particular, are poised for significant gains post-January 20th, according to Altcoin Buzz.
Despite being somewhat overlooked of late, Litecoin (LTC) is well-positioned for a comeback. While many cryptocurrencies shifted towards stablecoins for payments, Litecoin has remained a favorite for transactions. This preference is evident from its impressive track record of 300 million completed transactions, including 92 million in 2024 alone.
Furthermore, Litecoin is in the early stages of a potential ETF approval. With the SEC set to undergo changes under the incoming Chair, Paul Atkins, LTC could benefit from a more favorable regulatory environment. Having already risen 15% recently, many anticipate that LTC is poised for further growth in the coming months.
Despite experiencing short-term dips, Ethereum (ETH) continues to anchor the blockchain ecosystem, thanks to its robust network and widespread adoption. Platforms like Coinbase heavily rely on Ethereum for transactions, ensuring its enduring relevance.
The rise of Layer 2 solutions and growing network activity point to promising recovery potential for Ethereum. Many experts argue that this current dip offers an excellent buying opportunity, especially with rumors of expanded ETF offerings under the new administration.
While Hedera (HBAR) may not be the most talked-about project, its unique positioning in the real-world assets (RWA) market and ISO 222 compliance gives it an edge. HBAR has already been accepted by institutions via platforms like Coinbase Prime.
With Trump's administration likely ushering in more favorable regulatory frameworks for tokens like HBAR, its future looks promising, particularly given the growing institutional interest in the digital asset space.
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