Bitcoin Hits New All-Time High of $77,000 as Donald Trump Reclaims the U.S. Presidency

Bitcoin has just hit a new all-time high, reaching $77,000, thanks to Donald Trump’s reelection and growing support from the crypto community.

Bitcoin Surges Past $77,000 as Donald Trump Wins Reelection, Crypto All-Stars Presale Hits $3 Million

Biggest Crypto Gainers Today – Top List

Today’s top crypto gainers are seeing impressive growth fueled by exciting developments. Drift leads with a 281.65% surge, fueled by its new exchange listing. Next, Internet Computer climbs 7.78%, driven by a massive boost in cross-chain protocol activity. Helium follows with an 8.42% rise after expanding its reach through MoonPay. Finally, Algorand jumps 6.53% as excitement builds around its upcoming staking rewards. Explore our analysis of these tokens to uncover the factors driving their impressive gains.

1. Drift (DRIFT)

Today’s top crypto gainer, Drift, is making headlines with an impressive 281.65% price surge over the last 24 hours, driven by exciting recent news. Upbit, South Korea’s largest crypto exchange, announced it would launch DRIFT trading pairs for the Korean Won, BTC, and USDT, with trading available starting November 8 at 18:00 KST.

As a result, this listing significantly boosts exposure for Drift Protocol, which was already listed on Coinbase and Bybit. This marks another milestone for one of Solana’s largest open-source perpetual futures, DEXs.

Looking at its market performance, Drift’s high liquidity, with a market cap-to-volume ratio of 7.9387, supports its surge, showcasing its ability to handle large trading volumes. However, its 14-day RSI at 100 suggests an overbought condition, possibly leading to short-term price corrections. Still, its strong momentum continues to attract investors seeking fast market movement.

Upbit, South Korea's largest crypto exchange, will launch DRIFT Korean Won, BTC, and USDT trading pairs. Drift Protocol is one of the largest open source perpetual futures DEXs on Solana and has previously been listed on Coinbase. https://t.co/Ll2KjVVx9a

— Wu Blockchain (@WuBlockchain) November 8, 2024

Despite potential volatility, Drift benefits from Solana’s low transaction costs and high-speed operations. Its fully on-chain design ensures transparency and efficiency for traders, making it an appealing choice in the DeFi space. With these factors combined, DRIFT’s future outlook remains promising as it gains global attention.

2. Internet Computer (ICP)

Internet Computer is making a strong impression today, climbing 7.78% to secure its spot as the second top gainer. This surge follows exciting news from the DFINITY Foundation’s 2024 Ecosystem Report, revealing a staggering 1,230% rise in the Chain Fusion protocol activity. Impressively, this protocol enables ICP to connect seamlessly with major blockchains like Bitcoin and Ethereum.

This growth highlights the rising demand for cross-chain solutions and dApps. As developers look to leverage multiple blockchains, ICP’s unique infrastructure positions it as a leader in the space. With increasing adoption, ICP shows strong potential, making it a token to watch.

The highly anticipated #ICP Chain Fusion Ecosystem Report is here

📈 150% surge in network activity👨‍💻 30% more full-time devs🔗 2 dozen+ chains supported

Chain Fusion powers multichain dapps across DeFi, Bitcoin, AI onchain, and more

Download Report👇 https://t.co/KHwcuq9N58 pic.twitter.com/9b9RACBdB9

— DFINITY (@dfinity) November 7, 2024

The ICP token benefits from this momentum, with its price climbing to $8.28. With a solid liquidity ratio of 0.0711, the token attracts traders. Despite being in neutral territory according to its 14-day Relative Strength Index (RSI), ICP’s market activity is growing. The increase in developer interest, reflected in a 30% rise in full-time developers, signals strong future potential.

Looking ahead, ICP’s long-term outlook is bright. The token has soared by 101% in the past year, outpacing 61% of the top 100 crypto assets. With rising cross-chain adoption, ICP is primed for even greater growth.

3. Crypto All-Stars (STARS)

Crypto All-Stars has raised over $3 million in its presale, with its meme coin staking platform launching at a critical time. The surge in interest comes as Bitcoin ($BTC) reached an all-time high and Donald Trump reclaimed the U.S. presidency, sparking a wave of optimism in the market.

Meme coins have followed Bitcoin’s lead, collectively hitting a market