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Bitcoin, Dogecoin, and… – Top cryptos to buy under Trump’s new presidency
As the dust settles following the U.S presidential elections results, investors are left pondering what this means for the crypto market. One thing is certain – Bitcoin’s price has already seen a significant surge since then, trading near the $100k-mark after strong gains over the past six weeks.
While it may seem unlikely that any one asset can replicate last year’s performance, which saw the cryptocurrency market grow exponentially during Trump’s first term in office, some assets could potentially benefit from his presidency. With this in mind, we’ll explore the top cryptos to buy under Trump’s new presidency.
First and foremost, Bitcoin is undoubtedly a contender for significant growth. Although it may not have achieved the same exponential gains seen previously, its strong performance over the past few weeks suggests that there are underlying forces driving its value upward. As the flagship cryptocurrency, any major announcements or regulatory changes would likely impact its price directly.
However, Dogecoin, another asset that gained considerable traction during Trump’s first term, could be an attractive option for investors seeking alternatives to Bitcoin. While it is true that DOGE’s rally last year was largely fueled by a single tweet from Elon Musk, his influence as co-lead of the Department of Government Efficiency (D.O.G.E.) would undoubtedly have a significant impact on its price.
As seen in mid-October, even unofficial mentions of the department can lead to Dogecoin pumping. The 26% rise in value that occurred four days later is a testament to this phenomenon. With Musk’s continued involvement in the cryptocurrency market and potential future announcements from the D.O.G.E., it is possible that DOGE could see similar gains moving forward.
While other assets may not have achieved the same level of success as these two, it is essential for investors to keep an eye on altcoin markets as well. A capital rotation towards top-performing assets at the end of the cycle could potentially fuel a market shift and propel lesser-known tokens into the limelight.
It is impossible to predict with certainty which assets will perform well under Trump’s new presidency, but one thing is for certain – now is an excellent time to diversify your portfolio by investing in multiple assets.
Source: ambcrypto.com
