A potential Trump victory is expected to influence the crypto market, with many anticipating a “dopamine hit” for the sector. Below are three recommended cryptocurrencies that could benefit from a pro-crypto policy environment if Trump wins.
Bitcoin (BTC) Price Target
Bitcoin remains a solid choice as it is considered a hedge against economic uncertainty, which may rise post-election. Many analysts believe BTC could benefit from potential pro-crypto policies.
- Price: $76,432
- Market Cap: $1.9 trillion
- 24-Hour Trading Volume: $60 billion
- Circulating Supply: 19.5 million BTC
- Total Supply: 21 million BTC
Prices has broken above $74K resistance (prior ATH) and is likely to march higher towards $100K over the next 6 months. However, there will be pullbacks along the way.
Since this is fresh new territory for BTC, we used Fibonacci Extensions to identify possible targets and resistance levels along the way to $100K. These are: $76K, $78.5K, $81.6K and $90.7K.
We would hold BTC at current levels and add to our position on pullbacks to $67K support
Reasons to Buy Bitcoin:
- Widely regarded as a safe-haven asset.
- Increased adoption and investment from institutional investors.
- Positive sentiment following pro-crypto policy outlooks.
XRP Price Target
XRP is expected to rally due to regulatory clarity and Trump’s potential pro-crypto stance, which might benefit Ripple’s ongoing legal situations.
- Price: $0.533
- Market Cap: $30.36 billion
- 24-Hour Trading Volume: $2.3 billion
- Circulating Supply: 57 billion XRP
- Total Supply: 100 billion XRP
Price is in an uptrend. After a bullish breakout from Symmetrical Triangle, price reached our target of $0.67.
We would be buyers on pullbacks to near $0.50 support, which could be a swing trade entry opportunity with +30% potential upside back to $0.67. Stop Loss at $0.48.
Reasons to Buy XRP:
- XRP is positioned for growth if legal uncertainties clear.
- Reduced supply on exchanges suggests long-term holding interest.
- Ripple’s potential partnerships may expand with a more favorable regulatory landscape.
Dogecoin (DOGE) Price Target
Dogecoin has seen significant accumulation from large holders, which could drive a strong price recovery post-election. Trump’s perceived positive stance on crypto could also inspire further interest in DOGE.
- Price: $0.1955
- Market Cap: $28.72 billion
- 24-Hour Trading Volume: $1 billion
- Circulating Supply: 140 billion DOGE
- Total Supply: Unlimited, with an annual issuance cap.
A bullish rally appears imminent. 🚀
Reasons to Buy Dogecoin:
- High-profile backing and media attention from figures like Elon Musk.
- Strong community and increased whale activity indicate market confidence.
- Growing adoption as a tipping currency and microtransaction tool.
These cryptocurrencies are expected to see considerable activity with a Trump win, yet investors should remain mindful of potential market volatility surrounding the election period.
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