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Cryptocurrency News Articles

XRP, Solana, and JetBolt Race to Capture Whales' Attention as US Elections Unfold

Nov 06, 2024 at 05:38 am

Crypto observers are eyeing XRP, Solana, and JetBolt, wondering which they should stock up on ahead of the U.S. Presidential election.

XRP, Solana, and JetBolt Race to Capture Whales' Attention as US Elections Unfold

Crypto observers are keeping a close eye on XRP, Solana, and JetBolt as the U.S. Presidential election approaches, speculating on which altcoin might experience a breakout if Donald Trump wins.

Many in the crypto community believe that a victory by Trump may trigger a surge in demand for XRP. This speculation stems from Trump’s expressed interest to turn the US into the “crypto capital of the planet.”

In the lead-up to the 2024 election, both candidates have laid down their differing stances on digital assets. Donald Trump has positioned himself as a strong crypto advocate. At the same time, his policies, such as the Commodity Futures Trading Commission’s (CFTC) classification of cryptocurrencies as commodities, could also impact the industry.

On the other hand, banking giant Standard Chartered’s digital asset chief Geoffrey Kendrick expressed optimism that Solana (SOL) may see a spike if Donald Trump wins the election.

In a research note this week, Kendrick highlighted Solana’s potential to soar by as much as 400x if Trump wins. He likewise mentioned that a Solana exchange-traded fund (ETF) is more likely to happen under the Trump Administration.

While Kendrick expressed optimism, Solana (SOL) has been trading downwards this week, losing 10.6% in the last 7 days alone. Currently trading at $161.51, Solana needs to break out of its current trajectory for its price to soar.

However, caution is still warranted due to Solana’s volatility at key resistance levels.

Meanwhile, as the search for top new altcoins intensifies, JetBolt’s Zero Gas experience makes this new crypto an exciting choice for crypto whales and Web3 users.

With its Layer-2 solution and an ecosystem designed to prioritize user experience, JetBolt is quickly gaining ground among crypto enthusiasts, offering fast transactions at low costs.

As the US Elections draw to a close, it is indeed worth watching and studying the winning party’s impact on the entire crypto market. Players like Solana and XRP hope to gain favor and emerge stronger, aspiring to surge in adoption. In the midst of all these, JetBolt powerfully paves the way for new altcoin players to excitingly draw in crowds of whales and buyers.

While Solana and XRP remain highly watched coins in this election season, attention continues to turn to next generation altcoins like JetBolt and what makes them revolutionary.

Discover more about JetBolt by:

Visiting the Official JetBolt Website: https://jetbolt.io/

Following JetBolt on X/Twitter: https://x.com/jetboltofficial

Joining JetBolt’s Telegram Community: https://t.me/jetboltcoin

Please note that the above article is not financial advice. All cryptocurrencies, whether coins or tokens, comprise a number of risks, and one must exercise caution and do due diligence before engaging in any crypto activity.

News source:techpoint.africa

Disclaimer:info@kdj.com

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