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Cryptocurrency News Articles

Ripple (XRP), Dogecoin (DOGE) and DTX Exchange (DTX) Are the Top Altcoins That Will Benefit From Trump's Presidency

Nov 07, 2024 at 04:07 am

Since Trump won everything crypto has gone up, Bitcoin is over $73,000 and the total market cap is up 5%.

Ripple (XRP), Dogecoin (DOGE) and DTX Exchange (DTX) Are the Top Altcoins That Will Benefit From Trump's Presidency

As Trump Clinches Victory, Here Are the Top 3 Altcoins to Watch

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As Trump secures the presidency, the crypto market is buzzing with anticipation. With regulatory reforms and pro-crypto policies on the horizon, certain altcoins stand to benefit immensely from this administration. Here are the top 3 altcoins to keep an eye on:

1. Ripple (XRP): Regulatory Advantage

After a 4% gain in the last 24 hours from Trump’s win, XRP is trading at $0.53. Given the ongoing legal battle with the SEC, XRP has faced challenges, but regulatory reforms under Trump could benefit the coin in a big way.

With the potential replacement of SEC Chair Gary Gensler, who has been🔎 scrutinizing crypto, by pro-crypto advocate Hester Peirce, aka “Crypto Mom,” regulatory pressure on Ripple could ease, paving the way for XRP to gain momentum.

Moreover, a Trump administration increases the chances of an XRP-based ETF, which would allow institutional investors to enter the XRP market more easily, boosting adoption and value. Some experts even predict XRP could grow up to 1820% long term if regulatory clarity is achieved, making it one of the top beneficiaries of Trump’s victory.

Considering Ripple’s strengths in blockchain payments and strong institutional backing, XRP is a high-potential asset in a crypto-friendly regulatory environment.

2. Dogecoin (DOGE): The Trump-Musk ConnectionAfter a 13% surge in the last week, DOGE is trading at $0.19 and is set to benefit from Trump’s victory, given Elon Musk’s support for the meme coin.

Musk's influence on public and market sentiment has made DOGE a household name, and Trump’s administration could amplify DOGE’s visibility and mainstream legitimacy. Recently, Musk joked about forming a “Department of Government Efficiency” (DOGE), which, although a jest, showcases DOGE's place in the mainstream consciousness.

Analysts predict that DOGE will reach $1, while others predict that it will reach $250-300 billion in market cap as DOGE’s popularity grows. DOGE has outperformed Bitcoin in percentage terms historically, and Trump’s pro-crypto policy will create a good environment for meme coins to thrive.

In a bull market under the Trump administration, DOGE’s community and ease of use will position it for big growth.

3. DTX Exchange (DTX): $0.08 and Growing

A new player in the crypto space, DTX Exchange (DTX) is in presale and trading at $0.08, poised for growth. Having already raised over $6.7 million, DTX is making waves among investors with its hybrid features and scalable infrastructure.

The upcoming launch of their Layer-1 blockchain, capable of handling 10,000 transactions per second, is a game-changer in the fast-paced world of crypto. Some say DTX Exchange (DTX) will hit $1 before XRP, so if you’re looking for high growth potential in a short span of time, DTX is on the radar of many investors.

With its hybrid model and fast transaction speeds, DTX is a top contender for big returns in a pro-crypto government. Anticipated to fetch gains of 10,000% after listing, DTX is set to claim a sizable market share, presenting a valuable opportunity for investors.

Visit the DTX Website, Buy Presale, or Join The DTX Community for more information.

News source:cryptodaily.co.uk

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