Trump: “Crypto Market to Explode” If Elected- 10 Coins to Watch!
The Trump crypto market explosion kicked off right after the Bitcoin 2024 Conference in Nashville from July 25 to July 27. Former U.S. President Donald Trump, strutting onto the stage like he’s about to announce a new season of The Apprentice, becomes the first former president to address a Bitcoin event. Yes, you read that right. The crowd went wild!
Trump Wows the Crowd at the 2024 Bitcoin Conference
Trump didn’t just give a speech; he stirred a flurry of excitement about the crypto-verse. He promised that if he gets another shot at the White House, he’ll be the crypto-champion America never knew it needed. He painted a picture of Bitcoin’s potential so bright it would make the steel industry from a century ago look like amateur hour. And with his signature “America First” gusto, Trump pledged to lead the charge in tech innovation, including Bitcoin, to ensure the U.S. stays ahead in the global race.
But he didn’t stop there. Trump proposed setting up a Bitcoin and crypto presidential advisory council. Imagine a round table of crypto gurus guiding Uncle Sam through the landscape of digital currencies. Regulatory clarity? Check. Consistent guidance? Double check. The U.S. as a global crypto hub? Triple check.
So, what’s a savvy investor like you supposed to do? Keep your eyes glued to the market trends, especially those tied to Trump’s policies. Make informed decisions and position yourself strategically in this ever-evolving crypto landscape.
And the cherry on top? Following Trump’s electrifying appearance and speech, Bitcoin’s price rocketed past $69,860, a high not seen before in July 2024 before a steep drop off once markets opened Monday morning. Technical indicators are flashing green lights, with resistance levels at $70,000 and $72,090 and the potential to hit new all-time highs above $75,000. The Relative Strength Index (RSI) shows we’re nearing overbought territory, but hey, there’s still room for more gains.
Thanks to Trump’s pro-Bitcoin stance, the market is buzzing with optimism. However, Bitcoin isn’t the only star of the show. Confidence and sentiment have been seen across the crypto market, which presents plenty of opportunities, especially if Bitcoin makes more gains and traders look to buy some altcoins to cash in.
So, buckle up, crypto enthusiasts. With Trump rallying for Bitcoin, the future’s looking brighter than a blockchain at high noon!
Trump’s Stance on Cryptocurrency
Trump used to be a crypto skeptic; an unbeliever, really. He consistently maintained a skeptical view of cryptocurrencies. During his presidency, he publicly criticized Bitcoin and other digital assets, expressing concerns over their volatility, potential for illegal activities, and the risk they pose to traditional financial systems. For example, he once said, “I am not a fan of Bitcoin.” Trump’s critical perspective aligns with his emphasis on national economic security and a preference for the U.S. Dollar’s dominance in the global financial system
Despite his administration largely ignoring the crypto industry, Trump’s skepticism has influenced public opinion and market trends. His remarks in 2019, saying crypto’s “value is volatile and based on thin air,” briefly impacted Bitcoin’s market prices, demonstrating the influence political figures can have on the cryptocurrency market trends. However, this impact was short-lived, and the broader acceptance and growth of cryptocurrencies continued.
Recent Statements and Their Implications
In contrast to his earlier stance, Trump has recently made statements that are more supportive of Bitcoin and the broader cryptocurrency market, notably stating:
“One day it probably will overtake gold, but based on the way it’s going now, it could very well be a possibility.”- Source
We started to notice a shift in his stance towards cryptocurrency in March 2024, which then intensified further in May. This week’s events at the Bitcoin conference solidified his stances and new views on crypto. During the Bitcoin 2024 Conference, Trump promised to foster a favorable regulatory environment for cryptocurrencies if re-elected.
His recent pro-crypto stance may appear strategic, aimed at garnering support from the cryptocurrency community dissatisfied with the Biden administration’s regulatory approach.
In 2022, Biden issued an executive order for a review of cryptocurrencies, with a focus on consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion, and responsible innovation. This somewhat spooked the crypto market, with fears that a more aggressive regulatory approach was coming down the line.
Since then, the Biden administration has opted for a “regulation by enforcement” approach rather than creating tailored regulations to give the crypto market better clarity. Now Trump has capitalized on this dissatisfaction, promising a more welcoming environment for crypto businesses and innovations. In his speech to the Bitcoin Conference, Trump said,
“I’m laying out my plan to ensure the United States will be the crypto capital of the planet and the Bitcoin superpower of the world, and we’ll get it done.”
He also promised to fire Gary Gensler—news that will be welcomed by many in the crypto space.
In addition, legal expert Jake Chervinsky highlighted the opportunity for the Kamala Harris campaign to use Biden’s exit as an opportunity for the Democratic Party to hit the reset button. This demonstrates that both campaigns have the opportunity to appeal to single-issue voters who put crypto regulations at the top of their priorities for deciding who to vote for.
Just like your basic Newtonian physics explains: there is an equal and opposite reaction to any action. In light of this, these recent statements have significant implications. They show a potential shift in U.S. cryptocurrency policy should Trump be re-elected. His promises of friendlier regulations can boost investor confidence and market sentiment, potentially leading to increased cryptocurrency adoption and market activity in the U.S. This shift could also influence global regulatory approaches and market dynamics. For example, as mentioned earlier, Trump’s statements spurred immediate ramifications after that speech, with crypto prices soaring immediately.
Will the Trump Pump Boost These 10 Coins?
As Donald Trump does a crypto-friendly pirouette, the effects on the crypto-verse could be huge. If his policies take shape, some cryptocurrencies might rocket to the moon. Let’s dive into which coins could benefit the most from a Trump administration and potentially make your portfolio great again. Here are our Trump cryptocurrency predictions!
Bitcoin (BTC) – The Market Leader
Being the vanguard and the most trusted coin in the crypto-verse is part of the reason Bitcoin is still dominant. However, Bitcoin’s liquidity and market capitalization far exceed those of other cryptocurrencies, making it the go-to asset for large-scale transactions and investments. Its integration into financial systems through the approval of exchange-traded funds (ETFs) and increasing acceptance by major corporations and financial institutions further solidifies its leading position.
Trump vowed to keep 100% of the US’s Bitcoin reserve. He added that he’ll appoint a bitcoin and crypto advisory body who will be “designing transparent regulatory guidance for the benefit of the entire industry, and they will get it done in 100 days. We will have regulations [for crypto], but from now on, the rules will be written by people who love your industry, not hate your industry.” This statement spiked Bitcoin’s price by 3%. Imagine what could happen if A. Trump wins the election and B. these policies come to fruition.
Ethereum (ETH) – The Smart Contract Giant
Ethereum’s advanced smart contract capabilities make it central to the DeFi and NFT markets. The approval of Ethereum exchange-traded funds (ETFs) could boost its market presence by making it more accessible to traditional investors, potentially increasing liquidity and market capitalization. Spot Ether ETFs could serve as a new gateway for investors, easing entry into the market and attracting institutional interest. This could lead to substantial capital inflows and a reduction in the circulating Ether supply, potentially driving up prices. However, initial inflows are expected to be lower than those for Bitcoin ETFs, with estimates ranging between $3.1 billion and $4.8 billion.
Trump’s NFT journey began in December 2022 with the launch of his Trump Digital Trading Cards, priced at $99 each, which sold out within 24 hours. The series, depicting Trump in various exaggerated scenarios, proved highly popular, leading to further successful releases, including the “MugShot” collection centered on his legal battles. Initial sales were strong, but secondary market prices have fluctuated, revealing the speculative nature of NFTs.
Despite these fluctuations, Trump remains optimistic about his NFTs, noting their significant cryptocurrency transactions and continued demand. His use of a scarcity model—limiting each collection’s numbers—has driven early success by creating a sense of urgency among buyers. However, the long-term value of his NFTs is uncertain, as the market’s volatility and speculative investing could affect their future worth. Trump’s NFT project has also influenced the broader crypto market, highlighting the increasing acceptance of digital currencies and blockchain technology.
The Ethereum ecosystem continues to improve as different technologies are being built on it. Key developments include Layer 2 solutions like Optimistic and Zero-Knowledge Rollups, which boost scalability and reduce fees. The rise of Decentralized Finance (DeFi) platforms offers financial services without intermediaries, while decentralized applications (dApps) cover areas from gaming to content creation. Non-Fungible Tokens (NFTs) are gaining traction for unique digital assets, supported by platforms like OpenSea. Decentralized Autonomous Organizations (DAOs) enable community-driven governance, and privacy enhancements such as zk-SNARKs and zk-STARKs improve transaction confidentiality. Additionally, interoperability solutions and cross-chain bridges expand Ethereum’s connectivity with other blockchains, reinforcing its position as a versatile and integral part of the digital landscape.
Ethereum’s continued technological advancements, supported by pro-crypto policies coming to fruition, could result in significant price appreciation and market expansion.
Pepe Unchained – Meme Coin Blockchain
Meme coins are gaining market attention due to their money-making potential. Trump’s acknowledgment of the crypto space could further pump interest. Strong community engagement and virality fuel their growth, especially through social media. As a new entrant, Pepe Unchained stands to benefit from this enthusiasm, with market predictions suggesting that sustained public interest and potential high-profile endorsements could lead to significant gains.
Pepe Unchained (PEPU) is expected to see varied price predictions from 2024 to 2030. For 2024, predictions range from $0.008 to $0.084, with an average of $0.030. By 2025, the price could range between $0.010 and $0.503, averaging around $0.073. In 2030, forecasts suggest a low of $0.050, a high of $1.320, and an average of $0.720. Check out why Pepe Unchained makes our list of The Next 1000x Crypto Coins in 2024 or if you want to get right into it, we have a guide on How to Buy Pepe Unchained.
The Meme Games – Olympics-Inspired Meme Coins
Using internet culture, viral content, and social media buzz, Meme Games gained traction and attracted a large community of supporters. It stands out due to its distinctive, Olympics-inspired theme. This coin cleverly integrates elements of popular culture and competitive spirit into its branding, setting it apart from other meme coins that may rely more heavily on generic memes or humor.
In 2024, The Meme Games ($MGMES) is set to launch following a presale campaign and has made our list of the Top Memecoin Presales, which will offer 769,120,000 tokens, accounting for 38% of the total supply. With a projected hard cap of $7.5 million and a market capitalization of around $20 million at launch, the initial price prediction is $0.0756, representing an 8x potential gain from the presale rate. However, this optimistic forecast depends on bullish market conditions; otherwise, a more conservative estimate is $0.0201, or about 2x the presale price. Looking ahead to 2025, if Bitcoin performs well, $MGMES could reach $0.8127, though a more conservative estimate places it at $0.449. By 2030, with speculative Bitcoin valuations potentially reaching $3.8 million, $MGMES might hit $3.20, but regulatory changes could moderate growth, leading to a more realistic average price of $2.06. Check out our Meme Games Price Prediction if you want to get deeper into this token’s potential or jump straight in with our How to Buy The Meme Games Guide.
Binance Coin (BNB) – The Exchange Token
Binance Coin (BNB) is used for transaction fees and various applications, expanding from its original utility as a discounted trading token. With a market cap of over $87 billion as of May 2024, BNB is the fourth-largest cryptocurrency. Binance burns a portion of BNB quarterly, reducing supply. Despite legal challenges, including CEO Changpeng Zhao’s sentencing, Binance remains operational and popular. Launched during a 2017 ICO, BNB supports payments, travel bookings, and more, while the Binance Smart Chain processes millions of transactions daily.
The current price of Binance Coin (BNB) is $621.29. It has a market cap of $91.7 billion and a circulating supply of 147.6 million BNB. Over the past week, BNB has risen by 9.1%, showing strong growth potential. Predictions for BNB’s price in 2024 range from $530.29 to $751.07, with further increases expected in subsequent years, potentially reaching $7,619 by 2030. As BNB continues to trend upward, it presents a promising investment opportunity if its growth persists.
Cardano (ADA) – The Academic Blockchain
They’re geeks over at Cardano. Their approach to blockchain development is purely academic, research-driven, and peer-reviewed methodologies, focusing on both security and scalability. This methodical strategy ensures that Cardano’s infrastructure is robust and capable of supporting complex applications. Looking ahead to 2024, Cardano could benefit from policies promoting technological innovation, such as those potentially introduced by Trump.
According to our analysis, Cardano’s price in 2024 is expected to range between $0.383 and $0.424, with an average trading price of around $0.465. In July 2024, the average price is projected to be $0.405, with a potential ROI of 0.86%. By December 2024, the average price is forecasted at $0.416, with a potential ROI of 7.5%. Looking further, predictions for 2025 suggest an average trading price of $0.7299 and a potential ROI of 106.9%. In 2026, ADA’s average price is expected to be $1.05, with a potential ROI of 203.5%.
Solana (SOL) – Lightning Fast Blockchain
Solana is web3’s early-2000s DiCarprio; the industry’s darling. It stands out in the blockchain space due to its high throughput and low transaction costs. Leveraging innovations like the Proof of History (PoH) consensus mechanism, it can process thousands of transactions per second with minimal fees. This efficiency makes Solana an attractive platform for developers and users seeking scalability and cost-effectiveness.
We expect Solana’s price to range between $142.13 and $168.09 in 2024, with an average trading price of around $194.05. Monthly forecasts for July, August, and December 2024 project average prices of $184.77, $177.93, and $186.57, respectively, indicating potential returns on investment (ROI) ranging from 24% to 56.3% by year-end. Beyond 2024, analysts predict substantial price increases, with SOL potentially reaching up to $1,694 by 2030, reflecting an ROI of 1264.3%.
Polkadot (DOT) – The Interoperability Innovator
Polkadot’s parachain technology is a pioneering innovation designed to enable interoperability between various blockchains. By allowing different blockchains to communicate and share information seamlessly, Polkadot enhances the overall functionality and efficiency of the blockchain ecosystem. Parachains operate parallel to the main blockchain (Relay Chain).
Polkadot’s price is forecasted to experience substantial growth from 2024 to 2031. In 2024, prices are expected to range between $5.73 and $9.18, with a potential ROI of up to 60.8%. By 2025, DOT could reach between $6.06 and $12.03, offering a 110.7% ROI. Predictions for 2026 suggest prices between $10.07 and $17.08, with a potential ROI of 199.1%. Moving into 2027 and beyond, the price is expected to rise significantly, reaching as high as $24.92 by 2027 and up to $35.95 by 2028. By 2030, the forecasted price could range from $45.99 to $78.28, reflecting a remarkable ROI of 1270.9%.
Chainlink (LINK) – The Oracle Provider
Chainlink (LINK) plays a pivotal role in the decentralized finance (DeFi) ecosystem by providing crucial infrastructure through its oracles, which enable smart contracts to access and utilize real-world data. This is essential for the functioning of DeFi applications, which rely on accurate, external information to execute transactions and enforce contract terms.
Additionally, Chainlink’s expanding influence is evident in its partnerships with institutions and its involvement with central bank digital currencies (CBDCs).
Bridging CBDCs to public blockchains could be facilitated by technologies like Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which supports token wrapping, burning, and minting. Chainlink’s decentralized oracle network can provide real-time data and proof of reserves, improving trust and security.
Integrating CBDCs into DeFi could increase liquidity, expand accessibility to users hesitant about crypto, and merge traditional finance with DeFi by enabling institutional services on-chain and creating new DeFi applications. As CBDCs evolve, their potential to enhance the DeFi ecosystem grows, opening avenues for innovation and greater integration between traditional and decentralized financial systems.
As of now, Chainlink (LINK) is priced at $16.77 and ranks 16th in the crypto ecosystem, with a circulation supply of approximately $9.85 billion and a market cap of 587 million LINK. Over the past 24 hours, its value has increased by $0.33, and in the past week, it has risen by 29.14%. Monthly, LINK has gained 6.05%. Predictions for 2024 suggest a price range between $13.62 and $30.63, with varying ROIs across the months.
Looking further ahead, projections for 2025 estimate LINK prices between $24.19 and $28.43, with an average of $25.03. In 2026, prices could range from $35.11 to $41.99, and by 2027, they may reach between $51.52 and $62.19. Predictions for 2028 forecast prices from $74.62 to $90.45, with potential ROIs up to 569.5%. By 2029, LINK might trade between $104.48 and $128.97, offering an ROI of 854.6%. For 2030, experts expect LINK to range from $156.65 to $179.88, with a potential ROI of 1231.5%.
Avalanche (AVAX) – Strong Gaming Blockchain
Avalanche’s consensus mechanism stands out due to its unique combination of high throughput and quick finality, which are essential for applications with high demands, such as gaming. This efficiency enables Avalanche to handle numerous transactions per second with minimal delays, making it well-suited for fast-paced and resource-intensive applications.
For December 2024, Avalanche (AVAX) is forecasted to trade between $62.02 and $93.15, with an average price of $77.59, offering a potential ROI of 22.5%. Looking ahead to 2025, prices are expected to range from $45.82 to $56.21, averaging $47.17, with a potential ROI of 239.5%. In 2026, AVAX could see prices between $66.64 and $80.04, with an average of $68.53, yielding a 104.8% ROI.
By 2027, the forecasted range is $97.80 to $116.74, averaging $100.54, offering a 325.4% ROI. Predictions for 2028 suggest a price range of $146.37 to $167.66, averaging $150.38, with a potential ROI of 511%. For 2029, AVAX is projected to reach between $213.14 and $255.31, with an average of $220.66, leading to an 830.4% ROI. By 2030, prices are anticipated to range from $312.77 to $370.81, averaging $323.81, offering a potential ROI of 1251.3%.
What Experts Say About Trump’s Crypto Predictions
As discussions around Trump’s potential influence on the crypto market continue, it’s essential to explore what leading experts and analysts are predicting. This section will delve into the perspectives of prominent analysts on whether Trump’s return to power could be beneficial for digital assets and how his policies might shape the future of the crypto landscape.
Crypto Analysts Weigh In
What do prominent crypto figures think? Several experts have shared their insights on how Trump’s potential influence could affect the cryptocurrency market. Analysts who view Trump’s involvement as positive argue that his administration’s deregulation stance could foster a more favorable environment for crypto innovation. They believe that reduced regulatory hurdles and a supportive stance from the government might encourage increased investment and adoption in the crypto space.
There are mixed opinions on Trump’s Bitcoin speech. Anthony Saramuchi of SkyBridge Capital believes Trump’s policies will do a lot of good for crypto and hopes both the Republican and Democratic parties can push for crypto’s growth. “I agree with every single thing that ‘Pres Trump’ said related to Bitcoin,” he said. Moreover, I praised him from the stage yesterday on forcing the issue and bringing Bitcoin into the center, and I am hopeful that Bitcoin will be bipartisan.”
There are always the pessimistic ones who show us the downsides of activities. We must take their concerns seriously, especially those who have experience in the domain.
Peter Schiff, an economist and global strategist, thinks Trump’s “keeping 100% of US Bitcoin reserve” idea lacks tact. “If that’s true and no one who buys Bitcoin ever sells any, what’s the point of owning it? “What’s the appeal of living in poverty, dying with a big stack of Bitcoin, with successive generations of heirs repeating the process?”
Trump meant what he said. How am I so sure? The reason is that the political circles and legacy finance oversights have seen that crypto can’t be eradicated. They would eradicate it—as its decentralization reduces their power by a lot—if they could, but they can’t. Therefore, they’re looking for ways to live and work with it.
From where we are right now, Trump’s reelection looks good for the crypto-verse. Many new crypto millionaires will be minted, revolutionizing Web3 projects will start, and the blockchain world will get more robust. However, bad actors will also increase, so it is advisable for crypto enthusiasts to research and double-check projects they’ll be investing their money and time in.
See Also:
FAQs
What will happen to crypto if Trump gets elected?
If Trump gets elected, the crypto market might experience increased volatility and potential regulatory changes. His administration’s historical stance on deregulation could lead to a more favorable environment for cryptocurrency innovation, although the actual impact will depend on his specific policies and their implementation.
Is Trump Good for Crypto?
Opinions vary on whether Trump is good for crypto. Supporters of his potential influence believe that deregulation and a more favorable regulatory environment could benefit the industry, while critics worry about the unpredictability and possible negative consequences of his policies.
Will Bitcoin hit 100k in 2024?
While some analysts are optimistic about Bitcoin reaching $100,000 in 2024, this prediction is speculative and depends on various factors, including market conditions, regulatory developments, and broader economic trends. As always, investors should approach such forecasts with caution and consider multiple perspectives before making decisions.
References: Chainlink CCIP—Chainlink
Biden just put out an executive order on cryptocurrencies — here’s everything that’s in it—CNBC
