TRUMP’S ELECTION AND SURGING SOLANA MEMECOIN ACTIVITY POSITIVELY IMPACT CRYPTO MARKETS: COINBASE ANALYSTS
Coinbase analysts are optimistic about crypto’s prospects heading into 2025, citing supportive U.S. macro conditions and Donald Trump’s presidential win as likely positive influences.
Analysts also highlighted that memecoin trading, especially on Solana, is now the third most profitable crypto sector.
The 2024 U.S. election saw many pro-crypto candidates elected, with the House gaining 263 pro-crypto representatives versus 118 opposing, and the Senate securing 18 pro-crypto members.
Analysts also noted that the Solana blockchain saw significant network fee growth from memecoin trades, indicating the platform’s role as a memecoin hub.
