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Cryptocurrency News Articles

9 Best Cryptos To Buy Following Trump’s Big Win

Nov 08, 2024 at 01:52 am

The ‘parabolic phase’ of the crypto bull cycle may have started with Trump’s big win.

9 Best Cryptos To Buy Following Trump’s Big Win

Donald Trump is set to become the first pro-crypto President of the United States. In fact, he is the first DeFi founder to be the leader of the free world.

Unsurprisingly, his landmark victory against Vice President Kamala Harris has resulted in extreme bullish euphoria in the cryptocurrency market.

Within 24 hours of his win, Bitcoin has hit multiple new all-time highs, Ethereum has established a local bottom, and new meme coins have skyrocketed in value. Barring any unexpected ‘sell-the-news’ event, Trump’s victory may have ignited the next crypto bull run.

9 Best Cryptos To Buy Following Trump’s Big Win

The ‘parabolic phase’ of the crypto bull cycle may have started with Trump’s big win.

Another 25 basis point rate cut in today’s FOMC meeting and the upcoming launch of BlackRock’s Bitcoin options trading are only adding to the market euphoria.

Sidelined investors now have an extremely short window to gain exposure for the highly-anticipated ‘golden bull run’. Experts project that a diversified portfolio, comprising Bitcoin, undervalued altcoins and meme coins could offer the maximum returns in the next few months.

In this article, we list the 8 best crypto to buy to maximize profits in the coming bull market mania.

Bitcoin (BTC)

Underexposure to Bitcoin has been a key mistake that even smart money investors continue to make during this bull cycle.

Even with BTC hitting multiple all-time highs since Trump’s win, experts believe that it is still one of the best cryptos to buy for the coming months.

Donald Trump’s re-election and a Republican supermajority is extremely bullish for the largest cryptocurrency. Both Trump and Republican Senator from Wyoming Cynthia Lummis have promised to establish a Strategic Bitcoin Reserve, which could see the BTC price front-running to $100k even before Trump’s inauguration on January 20th.

WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE 🇺🇸 🇺🇸 🇺🇸

Meanwhile, the strong spot Bitcoin ETF inflows highlight the insatiable institutional appetite for BTC, which is only expected to grow following Trump’s re-election. For instance, Fidelity’s FBTC ETF added $308 million worth of Bitcoin to its holdings on November 6th, its largest inflow since June 4th.

While exact projections differ, experts believe that the Bitcoin price could peak anywhere between $150k to $350k in 2025.

Dogecoin (DOGE)

The Dogecoin price has rallied by 70% over the past month. However, experts believe that the best is yet to come, especially considering the biggest Dogecoin bull Elon Musk is now set to be part of the new Trump administration.

Donald Trump is tapping Musk to run a government efficiency agency, which the Tesla and X owner has been calling Department of Government Efficiency or DOGE. Considering that the Dogecoin price shows strong upside volatility on every positive Elon development, it could see parabolic growth to new all-time highs in the coming weeks.

The DOGE price chart also appears primed for a bullish breakout. Prominent crypto investor Ali Martinez highlights that a weekly close above its 0.50 Fibonacci level, which is currently at $0.19, typically results in a DOGE rally to 1.618 or 2.272 Fib levels.

This could mean the Dogecoin price hitting a new all-time high of $4 in 2025.

With @elonmusk now influencing the 47th President, @realDonaldTrump, #Dogecoin could be primed for a wild ride!In past bull cycles, once $DOGE broke the 0.50 Fib retracement, it often rallied to the 1.618 or even 2.272 Fib levels. If history repeats, we could see #DOGE hit… pic.twitter.com/VEWXZ0NYOd

Pepe (PEPE)

Pepe’s inclusion in our list of best crypto to buy shouldn’t come as a surprise.

It remains one of the most popular cryptocurrencies, with strong ties to the Internet culture. More importantly, smart money investors continue to view PEPE as a beta bet on Ethereum.

While ETH has underperformed BTC and SOL thus far during this cycle, there is a growing consensus that the Ethereum price has created a local bottom, especially if flips the weekly resistance at $2,819.

With ETH expected to peak at $10,000 in 2025, the Pepe coin is also set to deliver outsized growth, potentially reaching a peak valuation of $50 billion.

For instance, prominent investor Crypto Michael highlights that the PEPE price is one the cusp of a major breakout from a multi-month pennant. The last time he gave a buy signal on the meme coin, it saw an immediate

News source:en.cryptonomist.ch

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