5 Crypto Tokens That Could Rally 100% Ahead of Trump’s Cabinet Selection

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The market for cryptocurrency tokens is showing signs of recovery as investors look forward to a potential price spike. The rapid appointment of key Cabinet members by President-elect Donald Trump has ignited optimism before his inauguration on January 20, which in turn is fueling speculation that some crypto tokens could potentially increase by up to 100% in the near future.

Crypto Tokens: Hedera (HBAR)

Hedera, represented by HBAR, is a well-adopted, eco-friendly public network that enables businesses and individuals to develop decentralized applications (DApps) with ease. After the market bounce back, the price of HBAR saw an uptick of 7% daily, currently standing at $0.2871, showcasing strong growth.

Over the last twelve months, the value of this token has skyrocketed by over 260%, establishing its standing as a crypto token with great future prospects. Some experts believe that HBAR could continue to climb, potentially reaching $0.50 in the near future, fueled by optimistic market trends.

As significant political developments unfold, such as the appointment of Trump’s cabinet, there’s a possibility that HBAR could maintain its upward trend provided that beneficial circumstances remain in place.

Reserve Rights (RSR)

In a notable development, Reserve Rights (RSR) has soared to a remarkable price of $0.0129 this week, representing a significant 388.07% rise since the start of the year. The market capitalization currently stands at an impressive $694.46 million, with a daily uptrend of 6.40%. Approximately 53.83 billion RSR tokens are in circulation. Over the past 24 hours, the trading volume has reached $55.26 million, while the fully diluted valuation (FDV) is estimated at a substantial $1.29 billion. Keeping an eye on current market trends, these figures reflect a vibrant and active market for RSR.

The annual graph shows notable surges in the market data, reaching a high of around 0.025 cents before settling at approximately 0.013 cents. Given its limited supply and active market participation, RSR stands as one of the cryptocurrencies with growth potential, particularly as major political events draw near.

With the anticipated backing from a pro-cryptocurrency President Trump, RSR could potentially surpass its previous peak, hitting prices above $0.02669.

CoW Protocol (COW)

The COW Protocol’s USD Future’s Open Interest has shown fluctuating trends in the market, experiencing notable recoveries even at its lowest points. As per Coinglass statistics, the Open Interest reached a high of approximately $80 million around mid-December.

The price fluctuations displayed a strong relationship, exhibiting significant jumps in December, surpassing $1.00 for each token. Following December, there was a modest decrease in both open interest and prices, which settled around $20 million and $0.60, respectively.

If recent price surges are any indication, it seems likely that COW could be about to surge even further, potentially reaching a 100% increase along with other cryptocurrency tokens, before President-elect Joe Biden assumes office.

Aave (AAVE)

Aave’s chart shows a well-defined ABC correction over the past 8 hours, where five distinct waves can be seen within the C wave. This pattern indicates a methodical market behavior, hinting at possible changes in momentum. An 8-hour bullish divergence seems to be emerging, backed by consistent uptrends across essential indicators. As of now, Aave’s price stands at $294 and has risen by 10% over the previous 24 hours.

This disparity indicates that Aave’s market dominance could grow further if present trends continue, given the anticipated change in leadership with Trump taking office. The distinct wave pattern and divergence align with a T1 setup, underscoring Aave’s clear technical profile, suggesting that the cryptocurrency token may see significant gains of up to 100% from its current prices.

SushiSwap (SUSHI)

SushiSwap’s (SUSHI) current price is at $1.44, representing a 10.1% growth in the past day. With a market capitalization of approximately $277 million, this digital asset ranks high among its competitors, and when considering its fully diluted value, it stands at around $402.62 million. Over the last 24 hours, trading volume reached an impressive $84.12 million.

According to market analysts, the popular cryptocurrency SushiSwap has recently formed a double bottom pattern on its monthly chart and is now challenging its neckline. This technical formation suggests potential price increases, with analysts identifying three significant price levels:

1. The first target price is $3.925.
2. The second target price is $8.695.
3. The third target price is $13.790.

Furthermore, they mention there could be even higher potential values beyond these levels.

Summary: With President-elect Trump’s Cabinet appointments sparking speculation, the market for crypto tokens seems poised for a possible upswing. Many investors are keen on these digital assets as they seek profitable growth opportunities, anticipating significant returns by January 20th.

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2025-01-15 07:39