Musk is fully committed to building the digital asset infrastructure, and coupled with Trump's policy initiatives, altcoins will experience strong tailwinds.
The cryptocurrency community is searching for ways to drive a general increase in cryptocurrency prices.
Previously, the cryptocurrency market sparked a new wave of speculation due to Trump appointing Musk to lead the new government efficiency department (DOGE). The acronym DOGE is a creation of Musk, who coined it to pay tribute to the mascot of the digital currency Dogecoin (DOGE), which he is also obsessed with.
Futurist and cryptocurrency enthusiast Armando Pantoja said, "Musk is good at subtly hinting at his affection for Dogecoin," referring to Musk's support for the token, which is evident in his appearance on Saturday Night Live and his statements on social media.
Pantoja emphasized that the value of Dogecoin, like many cryptocurrencies, is driven by speculation rather than widespread utility. He said, "Currently, there is no cryptocurrency on Earth that is widely used for anything other than speculation. People expect this situation to change dramatically, which is why these cryptocurrencies have such immense potential."
Altcoins are set to reach a market cap of $2 trillion, investing in altcoins,
Pantoja predicts that retail investors will return to the cryptocurrency market. He said, "Retail investors have been absent from the crypto market for two years, and they will open accounts and re-engage. He emphasized that well-known assets like Dogecoin and Shiba Inu could drive market trends. He pointed out that investors can anticipate that the latter often becomes a catalyst for the market.
He said, "It’s only a matter of time before X platform has digital asset wallet functionality. Musk discussed Trump's proposal to eliminate capital gains tax on U.S. altcoins, from PayPal to Tesla. He noted that tokens like Algorand, Hedera, and Cardano could be beneficiaries. He called this move a "huge catalyst" for the altcoin market.
As Bitcoin stabilizes, Divine expects funds to flow into altcoins. He concluded, "The situation is clear—Musk is fully committed to building the digital asset infrastructure. Combined with Trump's policy initiatives, altcoins will experience strong tailwinds."#山寨币市场观察 #山寨现货布局如何布局