Before officially assuming the role of president, president-elect Donald Trump made some quite aggressive statements. These statements have the power to shape the emerging world order and, at the same time, create or break the political narrative of the United States.
While his views are making waves worldwide, his particular fondness for cryptocurrencies is especially captivating, making investors want to bet on whether his presidency will help shape the market in the right direction. These three coins are placing high bets on Trump's presidency and could rise even higher after his inauguration in January 2025.
Three Top Cryptocurrencies to Buy Right Now
1. Bitcoin (BTC)
Bitcoin is the most promising highlight of the current U.S. elections, with Trump supporting this token on every possible front. Negotiations about the Trump regime launching a Bitcoin reserve fund and redirecting the administration to embed BTC procedures have helped BTC maintain a lightning-fast pace over the past month. As Trump's inauguration approaches, Bitcoin could soon rise to reach a price of $100,000. According to CoinCodex, Bitcoin's price could soar 15% and reach a new high of $110,000 by the end of December 2024.
"According to our current Bitcoin price prediction, the price of Bitcoin is expected to increase by 15.51% and reach $110,469 on January 2, 2025. According to our technical indicators, the current sentiment is optimistic while the Fear & Greed Index is showing 76 (Extreme Greed). Bitcoin has recorded 18/30 (60%) green days with a price volatility of 10.99% in the past 30 days. Based on the forecast for Bitcoin, now is a good time to buy Bitcoin."
2. Dogecoin (DOGE)
Dogecoin is another coin that could fully benefit from the current regime change. The Musk-Trump duo is set to accelerate Dogecoin's success from next year onward. Expectations around Doge being an important part of Tesla's and X's payment system are also catching up, which could help this cryptocurrency token reach new heights. At the same time, the official inauguration of the DOGE department with Musk potentially overhauling cryptocurrency through innovative policies could also help this token reach new price peaks.
According to CoinCodex, Dogecoin could stabilize at around $0.39 by the end of December 2024. However, this token could reach new highs if market support continues to drive the token's price momentum.
"According to our current Dogecoin price prediction, the price of Dogecoin is expected to decrease by -6.14% and reach $0.392104 on January 2, 2025. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 76 (Extreme Greed). Dogecoin recorded 20/30 (67%) green days with a price volatility of 28.10% in the past 30 days. Based on Dogecoin's forecast, now is a good time to buy Dogecoin."
3. Ripple (XRP)
XRP is also achieving an incredible position as the regime change occurs when Trump takes office as president. Trump has announced that he will remove Gary Gensler from the position of SEC Chairman, which will also take place in January. This development could push the cryptocurrency price to new highs. Similarly, this token is also part of the global XRP ETF regime, which could be approved when the regime change completes the next phase. According to CoinCodex, XRP could stabilize at around $2.01 by the end of 2024, preparing for the next bullish phase.
"According to our current XRP price prediction, the price of XRP is expected to decrease by -25.24% and reach $2.01 on January 2, 2025. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 76 (Extreme Greed). XRP recorded 20/30 (67%) green days with a price volatility of 47.13% in the past 30 days. Based on XRP's forecast, now is a good time to buy XRP."