The past events highlight how the crypto market, particularly Bitcoin, experienced significant movements following political events such as Trump’s victory. This fueled a rampant surge in crypto prices, catapulting Bitcoin to record highs and igniting a frenzy. Additionally, altcoins like Dogecoin and Ethereum also saw remarkable rises, further bolstered by notable backing from influential figures such as Elon Musk. However, caution arose about the potential for sudden market drops.
With digital currencies like 'Dogecoin' gaining 145% return since Trump's election win, and Ethereum set to benefit most, the performance of memecoins, like Dogecoin, saw explosive trading volumes. Trump's win drove Bitcoin prices to unprecedented levels, and as traders are now seeking to leverage this momentum, the market witness considerable traffic even in meme coins. However, Sally Davis, head of research at Copper, believes Trump's win sets a path for Bitcoin to potentially reach a monumental $100k.
The crypto market also experienced shifts due to changes in the regulatory landscape, such as the victory for the crypto industry via a lawsuit against US SEC and potential reforms in SEC post-Trump’s election. However, defying the norm, 'Aria Coin' is preparing for a launch on Solana, which aims to win, earn and explore the MemeVerse, an innovative endeavour focusing on interactivity.
Subsequently, significant spotlight falls on 'top Trump coins' to buy after his win, and cryptos such as XRP and Bitcoin are all anticipated to skyrocket. Yet, under the current climate, the question remains regarding the future movements of Bitcoin and whether its rally would endure.
WIN Coin News Analytics from Wed, 27 Mar 2024 07:00:00 GMT to Wed, 27 Nov 2024 04:08:00 GMT - Rating 0 - Innovation -5 - Information 8 - Rumor -3