Crypto investors are buzzing after yesterday’s election results revealed Trump will return to the White House.
His last term saw Bitcoin explode onto the global stage – and now traders are hoping for another bull run.
With Trump’s track record of pro-crypto comments, several tokens are emerging as top picks for growth.
Crypto Market Surges After Trump Wins Election
The financial markets are already reacting to Trump’s election win.
Stocks jumped on the news, with the S&P 500 up 1.2% and the NASDAQ rising 1.4%.
But it’s the crypto market that’s really ignited.
Bitcoin broke past resistance and posted a new all-time high as traders positioned for what could be a pro-crypto administration in Washington.
Their excitement makes sense, considering Trump’s pivot from crypto skeptic to digital asset advocate.
Just a few months ago, he took to the stage at Bitcoin 2024 in Nashville to discuss his vision to make America “the crypto capital of the planet.”
That’s a far cry from his previous stance on cryptocurrency.
His other promises have also thrilled investors: setting up a Bitcoin advisory council, safeguarding government-held Bitcoin, and pledging to dismiss SEC chair Gary Gensler.
Trump’s opposition to CBDCs, which he’s called a “dangerous threat to freedom,” has only strengthened his appeal to crypto traders.
XRP, Privacy Coins, & Stablecoins Primed to Benefit from Trump’s Win
A Trump administration could set the stage for gains across several cryptos.
XRP looks particularly promising.
XRP is locked in a tough legal battle with the SEC under Gary Gensler, but its luck might be about to change.
Trump’s plan to remove Gensler “on day one” could lift the regulatory fog surrounding Ripple – possibly opening the door to a spot XRP ETF.
Privacy coins like Monero and Zcash also seem primed to benefit from Trump’s focus on financial freedom.
These coins, all about user anonymity, align with Trump’s opposition to government overreach in finance.
His anti-CBDC stance has already led to new interest in them.
Then, there’s the potential for stablecoins to see an uptick in interest.
Trump’s team is expected to bring much-needed regulatory clarity to stablecoins, possibly transforming tokens like USDT and USDC into mainstream payment options.
Ultimately, with Trump preparing for his second term, these three – XRP, privacy coins, and stablecoins – could be in for a serious boost.
Newcomer Cryptos Eye Explosive Gains with Trump’s Pro-Crypto Policies
Several new cryptocurrencies are positioning themselves to benefit from Trump being in office.
Creative blockchain projects are already catching attention, with Pepe Unchained (PEPU) leading the way.
Pepe Unchained’s presale has now raised over $25 million in funding.
The project’s goal of creating a layer-2 blockchain that’s 100 times faster than Ethereum seems to have attracted investors.
Plus, now that the team has announced the “Pump Pad” trading platform, PEPU’s price could explode once listed on exchanges.
Another new crypto that could capitalize is Flockerz (FLOCK).
Flockerz brands itself as a “Vote-to-Earn” platform where community members can earn rewards by participating in governance voting.
The project has raised over $1.2 million so far, and early investors can stake their purchased FLOCK tokens for passive income while the presale is ongoing.
Staking APYs are currently quoted at 1,304%.
Lastly, Crypto All-Stars (STARS) is also set to benefit from Trump being the new president.
It aims to combine the scattered meme coin scene through its “MemeVault” feature.
MemeVault users can stake their meme coins (like DOGE and PEPE) to earn STARS tokens.
With Trump expected to loosen regulations, staking platforms like this could perform well.
Overall, these three new coins stand out for their future potential.
Although nothing is guaranteed, those who invest in PEPU, FLOCK, or STARS could see big returns if Trump’s crypto-friendly policies materialize.
Source: Bitcoin
