5 Altcoins That Could Skyrocket If Trump Wins

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As a seasoned crypto investor with a decade of experience under my belt, I’ve witnessed the ebb and flow of market trends like the rise and fall of tides. The upcoming U.S. presidential election has stirred quite a buzz in the digital market, with many speculating about the potential impact on altcoins if Donald Trump secures the presidency again.

With the U.S. presidential election looming, there’s plenty of chatter in the cryptocurrency world about its possible effects. If Donald Trump, who is perceived as a pro-crypto candidate, secures victory, it may shape the digital market’s trajectory significantly. Here are five altcoins that could experience substantial growth if Trump emerges as the winner.

5 Altcoins Set to Soar if Trump Wins the Presidential Election

On Tuesday, November 5, millions of citizens across America will cast their votes to decide who will be the 47th President of the United States. If Donald Trump emerges victorious, his policies might foster a more welcoming atmosphere for cryptocurrencies, potentially triggering a new surge in the digital market. Here are five alternative coins that could experience significant growth if Trump wins the election.

XRP

For several years, the price of XRP has faced an ongoing sideways movement due to the legal dispute between Ripple and the U.S. Securities and Exchange Commission. A Trump presidency might bring a more advantageous regulatory environment for cryptocurrencies, which could lessen the legal doubts surrounding XRP and potentially boost its value.

By press time, the price of XRP traded at $0.518, with a market cap of $29.48 billion.

As per Santiment’s data, the amount of XRP held by exchanges has significantly dropped from 3.3 million to 2.54 million over the past nine months, representing a decrease of about 23%. This reduction suggests that more XRP is being transferred from exchanges into individual wallets, which could be an indication of a trend towards long-term holders.

Dogecoin (DOGE)

In our rankings, Dogecoin holds the number two spot amidst leading alternative cryptocurrencies, given Donald Trump’s idea to create a “Department of Government Efficiency” (DOGE) for federal budget cuts, with Elon Musk proposed as its leader.

Presently, the estimated Dogecoin cost stands at approximately $0.16 per coin, with a total market capitalization of an impressive $23.64 billion.

Beginning August 2023, the Dogecoin holders possessing between 10 Million and 100 Million coins have significantly boosted their ownership from $41.43 billion to $18.35 billion in DOGE. It’s worth noting that such accumulation by large investors has typically occurred around significant market lows, paving the way for a prolonged recovery.

MAGA (TRUMP)

The digital currency called MAGA (TRUMP) is inspired by internet memes and takes its name from former President Donald Trump’s “Make America Great Again” motto. Right now, the price of one TRUMP token is trading at about $3.80, with a total market value of approximately $167.65 million.

As an analyst, I’ve been examining the day-to-day chart, and I’ve noticed that the MAGA coin appears to be forming a popular reversal pattern known as the ‘cup and handle’. If this bullish pattern continues to unfold, it’s possible that the MAGA coin could surge by approximately 48% before encountering resistance at the $5.5 neckline.

MAGA Hat (MAGA)

For PolitiFi coins, the MAGA Hat (MAGA) coin could experience a strong surge if Donald Trump wins the 2024 Presidential election. On Monday, it displayed a clear breakout above its $0.0002 neckline in an inverted head and shoulder pattern, suggesting a positive momentum before the election outcome.

This graph demonstrates three significant price drops, suggesting strong underlying demand. Currently, in the crypto market, MAGA is trading at 0.00021 USD, attempting to find stability after breaking below its resistance line.

If the support holds, the MAGA price could drop a zero and push past $0.0012.

Doland Tremp (TREMP)

As an analyst, I find Doland Tremp (TREMP) uniquely intriguing due to its satirical name, a clever play on former U.S. President Donald Trump’s moniker. This digital currency originates from internet culture and humor, setting it apart from other altcoins. On October 28, the TREMP price demonstrated a bullish breakout, soaring above the resistance line of a bull-flag pattern, hinting at potential positive price movements ahead.

As a crypto investor, I’ve noticed that when the chart setup aligns with an established uptrend, it can be a strong indication of a possible extended surge in value within the near term. At present, TREMP is trading at $0.34, and interestingly, it sits above the broken trendline – a sign that buyers might push for a significant rise, potentially taking TREMP’s price beyond $1.

Conclusion

A Trump presidency might foster a more welcoming atmosphere for cryptocurrencies, especially alternative coins such as XRP, Dogecoin (DOGE), PatriotCoin (MAGA), MAGA Cap (MAGA), or DonaldTrumpCoin (TREMP), which propose novel ideas and have encountered regulatory challenges.

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2024-11-01 19:44