Before Mr. Trump is sworn in as President of the United States, here are three cryptocurrencies that are experiencing a significant decline that you can consider buying:
1. Dogecoin (DOGE): This coin has seen a strong surge of up to 300% in 2024 thanks to the support of billionaire Elon Musk and the announcements regarding the establishment of the Department of Government Effectiveness (DOG) proposed by Mr. Trump. Musk’s involvement in this group could create bullish momentum for DOGE in the near future.
2. XRP: This coin is trading around $1.40 and could grow strongly if Mr. Trump appoints a crypto-friendly SEC chairman after Gary Gensler resigns in January 2025. Positive developments in the legal status could push the XRP price to around $3 by April 2025.
3. Cardano (ADA): ADA is currently priced at around $0.96 and could surge significantly in the wake of Trump’s inauguration, thanks to interest in the decentralized aspects of the coin. Predictions suggest that ADA could reach $3 by April 2024.
These are the currencies that are likely to rebound and grow after the elections, and investors can watch them to make appropriate decisions.