news 
Bitcoin, Dogecoin, and… – Top cryptos to buy under Trump’s new presidency
As the clock strikes midnight on December 14, 2024, it marks the beginning of a new era in the world of politics with Donald Trump taking oath as the President-elect of the United States. While some may have mixed opinions about his presidency, the crypto market has historically been more receptive to his initiatives.
Trump’s stance on Bitcoin and cryptocurrencies is well-documented, with him pointing to rising stock prices and stating that “Bitcoin is a great thing” in 2020. This sentiment has contributed positively to the price action of the cryptocurrency, especially during his last tenure as President.
As we enter this new era, it’s essential to revisit which cryptocurrencies are set for a significant upswing under Trump’s presidency. Given his history with Bitcoin and altcoins alike, there seems to be an uncanny correlation between his statements and the market’s reaction.
First off, let’s tackle the elephant in the room – Bitcoin (BTC). As the flagship cryptocurrency, it has consistently outperformed other assets during periods of increased uncertainty or economic instability. With Trump’s history with the digital asset, we can expect a significant surge in its value under his presidency.
However, if we’re looking for some real alpha opportunities, Dogecoin (DOGE) could be an intriguing prospect to consider. Elon Musk, in his capacity as co-lead of the Department of Government Efficiency or D.O.G.E., has already shown immense power over the cryptocurrency’s price action. In the past, a single tweet from him about DOGE was enough to send its value soaring.
The probability of him making similar statements during Trump’s presidency is too high to ignore. As we’ve seen in the past, this kind of influence could lead to an astronomical rise in the asset’s value. It’s crucial for investors to take note that Dogecoin’s previous rally had a range formation after the rallies towards the end of the cycles.
To put it bluntly, Dogecoin’s price action has been eerily predictable during Trump’s presidency. This predictability makes it an attractive option for those willing to take calculated risks.
In conclusion, as we enter this new era under Donald Trump’s leadership, it’s essential to keep a close eye on the performance of Bitcoin and Dogecoin. If history repeats itself, we can expect these assets to lead the charge in terms of market value growth.
This article was written by Akash S, Senior Journalist at AMBCrypto
Source: ambcrypto.com
