The 'Trump Pump': Altcoins Set for Big Gains as the Market Awaits President-elect Donald Trump's Inauguration

Less than a day from Trump's second presidential inauguration, crypto traders are speculating on how the new administration's policies could impact the future of digital currencies.

As the world eagerly awaits President-elect Donald Trump’s inauguration on January 20th, 2025, the cryptocurrency market is seeing a massive surge, fueled by optimism about the potential impact of his administration on crypto policies. With reports suggesting that Trump is likely to support crypto, the market is already reacting positively, and several altcoins, including Solana (SOL) and XRP, are on the verge of potentially reaching new all-time highs (ATHs). Furthermore, Trump’s announcement of an official meme coin has ignited investor excitement, adding even more fuel to the already bullish atmosphere.

Less than a day from Trump’s second presidential inauguration, crypto traders are speculating on how the new administration’s policies could impact the future of digital currencies. Many believe that Trump’s pro-crypto stance, which could include favorable executive orders, will drive further growth in the crypto sector. As anticipation builds, several altcoins, including Solana and XRP, are showing signs of significant price increases, with some analysts predicting that they could reach new ATHs by January 20th.

Bitcoin reached its highest price of 2025 just days before the inauguration, as investors prepare for what they hope will be a ‘Trump Pump’ in the crypto market. The excitement surrounding Trump’s presidency and his expected crypto-friendly policies are helping push prices higher, especially for meme coins and established altcoins alike.

In an unexpected move, Donald Trump introduced a new cryptocurrency just days before his inauguration—an official Trump meme coin. This new coin, built on the Solana blockchain, has already caught the attention of traders, as it has seen an impressive 190% surge in value within just 24 hours. The coin’s market capitalization has now exceeded $38 billion, making it a noteworthy player in the meme coin sector.

Despite concerns about potential pump-and-dump schemes, the excitement surrounding Trump’s meme coin is genuine, with many traders speculating that it could experience further growth. As the price chart shows a rising wedge pattern, analysts predict the price could soar above $40 on January 20th, with target prices set between $70 and $80 for the day. If Trump’s coin continues to gain traction, it could become a major player in the cryptocurrency space.

Solana (SOL) has been one of the standout performers in the altcoin market, showing a steady rise above its immediate resistance levels. As of writing, SOL is trading at around $270, marking an 8.9% increase from the previous day. With the 20-day moving average beginning to climb and the Relative Strength Index (RSI) entering overbought territory, analysts predict that Solana is well-positioned for further growth.

Although there is a slight resistance level at $303, it’s expected that Solana will break through this price point, potentially reaching $350 in the near term. If the current bullish trend continues, Solana could hit new ATHs by January 20th, further solidifying its place as one of the top altcoins in the market.

XRP has been on an impressive upward trajectory, with its price surging exponentially in recent days. This surge is largely attributed to the possibility of new crypto policies under Trump’s administration, which could favor Ripple in its ongoing lawsuit with the SEC. With the new SEC potentially bringing fresh, more favorable policies for crypto, XRP is expected to continue its bullish trend, consolidating at around $3.2 in preparation for further price increases.

XRP’s legal battle with the SEC has weighed heavily on its price in recent months, but the potential for a favorable resolution with the incoming administration is giving investors renewed confidence. As the market responds to these developments, XRP could see another surge as Trump takes office and introduces policies that may benefit Ripple’s legal position.

The cryptocurrency market is experiencing a period of high volatility and excitement as it awaits President Trump’s inauguration. With the introduction of his meme coin and the surging prices of altcoins like Solana and XRP, January 20th could mark the beginning of a major bull run. Traders and investors are watching closely, as these altcoins could hit new ATHs and reshape the landscape of the crypto market in the coming weeks.