Before officially taking office, President-elect Donald Trump has made a series of bold and controversial statements that have garnered significant attention both domestically and internationally. These remarks have the potential to influence the emerging global order and redefine the U.S. political narrative.
While his opinions continue to make waves globally, Donald Trump’s vocal support for crypto has captured the attention of investors, stirring speculation about how his potential policies might influence the market. As the 2024 U.S. presidential election looms, many are wondering whether a Trump presidency could usher in a crypto-friendly environment.
His previous statements hint at a possible regulatory overhaul that could benefit certain digital assets. Among the coins gaining traction are Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC). These three coins are banking on Trump’s presidential run and could see significant gains following his inauguration in January 2025.
Top 3 Must-Have Cryptocurrencies to Invest in Today
1. Dogecoin (DOGE)
Dogecoin is poised to potentially benefit significantly from the current shifts in leadership and strategic direction. The anticipated influence of the Musk-Trump duo, with Elon Musk’s clear interest in cryptocurrency and Donald Trump’s openness to its adoption, could accelerate Dogecoin’s trajectory as early as next year.
Speculation continues to grow around Dogecoin becoming a central component of Tesla and X’s (formerly Twitter) payment systems, which could solidify its utility and drive widespread adoption. Moreover, there are reports suggesting an official “DOGE department” may be in the works, with Musk potentially leading a broader cryptocurrency overhaul through updated policies that favor decentralized assets.
According to our expert’s technical and price analysis, dogecoin shows strong potential to reach approximately $0.74 by the end of December 2024. However, Dogecoin may surpass this target and reach new all-time highs if strong market sentiment, continued community support, and broader adoption of the token persist.
2. Bitcoin (BTC)
Bitcoin has emerged as an unexpected focal point in the current US elections, with President Donald Trump expressing strong support for the cryptocurrency. Trump has openly praised Bitcoin, signaling a potential shift in how his administration might approach digital assets if he returns to office.
Over the past month, Bitcoin has gained significant momentum. As Trump’s potential inauguration draws closer, many analysts predict that Bitcoin’s price could skyrocket, with some forecasting it may soon reach the $100K milestone.
According to our Bitcoin (BTC) price prediction, the leading cryptocurrency could experience a 15% surge, potentially reaching a new all-time high of $110,000 by the end of December 2024. This projection is based on current market trends, increased institutional adoption, and growing interest from retail investors.
3. Ripple (XRP)
XRP is rapidly gaining momentum amid significant political and regulatory developments. With Donald Trump set to take on the presidential role, a potential shift in the U.S. regulatory framework could have a major impact on the cryptocurrency market. Trump previously pledged to remove Gary Gensler as the Chair of the U.S. Securities and Exchange Commission (SEC), a move that is expected to take effect in January.
This leadership change at the SEC could mark a turning point for the cryptocurrency industry, potentially easing regulatory pressures and creating a more favorable environment for digital assets like XRP. In addition to these political shifts, XRP is also involved in the emerging global XRP Exchange-Traded Fund (ETF) framework. As the regime change progresses, there is growing speculation that such ETFs could gain regulatory approval.
As per our in-depth technical and price analysis, XRP shows strong potential to achieve a new all-time high of approximately $4.87 by the end of 2024. As the crypto market matures and regulatory clarity improves, XRP appears positioned to enter the next phase of its upward price trajectory.
Also Read: Can Moo Deng (MOODENG) Keep Up Its 95% Price Surge?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
