Many Altcoins Have Surged Significantly Since the U.S. Presidential Election, Fueled by Expectations That the U.S. Under the Second Trump Administration Will Pursue Pro-Cryptocurrency Policies

Market experts believe that if U.S. cryptocurrency regulations are eased next year and capital inflows increase, the overall cryptocurrency bull market could continue, but volatility is also expected to increase.

Major Layer 1 project coins have risen significantly. Among the top 100 altcoins by market cap, Layer 1 project coins have risen notably. / Photo = CoinMarketCap

Major Layer 1 projects have been the most successful cryptocurrency sector since the U.S. presidential election this year. Layer 1 blockchains are characterized by having their own networks, enabling fast transactions and relatively low fees. Investors have also focused on DeFi (decentralized finance), meme coins, and AI-related coins.

Among major altcoins, Layer 1 coins recorded the highest growth rates, followed by DeFi coins. / Photo = Kaiko

According to a recent report by cryptocurrency data analysis firm Kaiko, "The top 10 major Layer 1 project coins have risen by more than 120% on average since the U.S. presidential election, outperforming Bitcoin and Ethereum." In fact, since the U.S. presidential election, Cardano (ADA) has risen 156%, Sui (SUI) 137%, Hedera (HBAR) 485%, and Algorand (ALGO) 203%. The domestic Layer 1 coin Kaia (KAIA) also rose 67%.

DeFi coin returns based on the top 200 market cap / Photo = CoinMarketCap

With growing expectations for eased U.S. cryptocurrency regulations, DeFi has also achieved significant results. The report stated, "Next, the top 10 DeFi coins achieved high performance. Coins like Solana (SOL), Ripple (XRP), and Cardano (ADA) led the market," and predicted, "If the regulatory environment changes with the resignation of Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), these coins will benefit more."

Current SEC Chairman Gary Gensler has been pushing for strong enforcement and regulation of the cryptocurrency industry, but the atmosphere could change as Trump has nominated pro-cryptocurrency Paul Atkins as the next SEC chairman.

Returns of major meme coins like Dogecoin (DOGE) / Photo = CoinMarketCap

Meanwhile, investors have shown keen interest in meme coins and AI coins this year. Cryptocurrency data platform CoinGecko reported on the 24th, "This year, investors have shown concentrated interest in meme coins, AI-related coins, and real-world asset (RWA) related coins," analyzing that "the top 25 major meme coins captured 30.67% of global investors' interest share." Particularly, Solana-based meme coins and cat-themed meme coins have gained popularity. AI coins accounted for 15.67% of the total investor interest ratio.