3 Crypto Stocks Positioned for Post-Election Rally

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As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed numerous market shifts and trends that have reshaped industries and fortunes. The recent U.S. election results, with Donald Trump’s victory as the 47th President, has indeed sparked an optimistic fervor in the cryptocurrency market, and I believe we are on the precipice of a significant surge in crypto stocks.

There’s been a surge of enthusiasm in the cryptocurrency sector after the U.S. election results. The fact that Donald Trump was re-elected as the 47th President of the United States has renewed buying interest in the digital market, due to his supportive stance towards cryptocurrencies and his vision for America to become a leading player in the crypto world. Here are three promising cryptocurrency stocks that investors might consider purchasing, as they look forward to a potential post-election rally.

3 Crypto Stocks Primed for Gains Post-Election

On November 6th, I found myself caught up in an unexpected buying frenzy within the crypto world. The news of Donald Trump’s victory as the 47th President of the United States seemed to ignite this surge, sending ripples across the market. Leading the charge was Bitcoin, which skyrocketed approximately 10%, reaching a staggering new high of $76,800 and propelling the entire market forward at an accelerated pace. Here are three promising crypto stocks that I believe could see a significant surge in value by 2025.

Coinbase (COIN)

Placing first on our list of leading cryptocurrency stocks is Coinbase. Given the potential influence of wider market trends on its operations, this position is well-earned. With President Trump’s administration aiming to promote cryptocurrency use, an uptick in trading activity can be expected.

Today’s cryptocurrency market finds the coin’s value at approximately $76,186, marking a 31% increase over the day. Its market capitalization stands at around $63.67 billion. The significant upward price movement suggests a breakthrough from the resistance level of an inverted head and shoulder pattern, which is typically a bullish sign.

If the breakout is sustained, the coin buyers could drive a rally past $300. 

MicroStrategy  (MSTR)

MicroStrategy is well-known for its bold approach to buying Bitcoin; it currently owns more than 252,220 Bitcoins stored in its reserve. This means that the value of MicroStrategy’s stock often mirrors the fluctuations in Bitcoin’s price, providing investors with a simple and indirect way to invest in Bitcoin through MSTR.

Over the past three months, the MSTR price has experienced a significant surge, climbing from $102 to $261. This represents an impressive 155% increase in value. Should this bullish trend continue, we can anticipate further growth of approximately 30%, pushing the asset’s price up towards a crucial resistance level at around $334.

A potential breakout will accelerate the recovery momentum and drive a higher rally.

Marathon Digital (MARA)

As a financial analyst, I find myself observing Marathon Digital, one of North America’s leading publicly-traded Bitcoin mining entities. The current price discovery phase for Bitcoin offers a compelling opportunity for these miners, as it has the potential to substantially enhance their profit margins and bolster their operational capabilities.

On TradingView’s daily chart, there appears to be a developing falling wedge pattern with MARA’s price. This particular chart configuration often signals a brief correction, followed by a significant breakout driven by increased buying activity.

At present, Marathon Digital’s stock is trading at around $19.3 and has seen a 19% increase today. The price of MARA is just 4% away from potentially breaking out significantly from its wedge pattern. If this breakout occurs, investors might see the stock surge beyond $40.

Conclusion:

The election of a U.S. president favorable towards cryptocurrencies has paved the way for a positive trend in the cryptocurrency market, and it’s expected that companies like Coinbase (COIN), NVIDIA (NVDA), and Marathon Digital (MARA) will also experience growth as a result.

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2024-11-07 01:58