|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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%.
As Trump Clinches Victory, Here Are the Top 3 Altcoins to Watch
CryptoSlate Top Stories Now Available on Google News
Get Slate's Best Stories Every Day
Get Slate's Best Stories Every Day
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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Can MNT Bulls Make a Comeback? Mantle (MNT) Price Analysis
- Nov 24, 2024 at 07:00 am
- Mantle (MNT), the token associated with the Mantle network, has recently experienced a sharp correction after an impressive rally earlier this month. The question on many traders’ minds is whether MNT can overcome its current hurdles and continue its upward trajectory.