Explore five altcoins that could see significant growth if Donald Trump wins the U.S. presidential election, potentially sparking a crypto bull run.
Top altcoins like XRP, DOGE, TRUMP, MAGA, and TREMP are positioned for a potential rally if Donald Trump wins the election.
XRP may see a breakout as reduced exchange supply supports recovery.
Dogecoin shows signs of a major rally due to aggressive accumulation by large holders.
As the U.S. election nears, the crypto market is buzzing with speculation. A Trump victory could foster a more crypto-friendly environment, potentially setting off a bull run. Here’s a look at five altcoins that could benefit if Trump wins.
5 Altcoins That Could Soar if Trump Wins
Millions of Americans head to the polls on Tuesday, Nov. 5, to elect the next president. Should Trump secure the win, his policies might encourage a favorable environment for crypto, possibly sparking a bull run. Here’s a look at five altcoins with breakout potential if Trump wins.
XRP has seen sideways movement for years amid the Ripple vs. SEC case. A Trump win could bring a regulatory shift that favors XRP by reducing legal uncertainty.
Price: $0.518
Market Cap: $29.48 billion
Data from Santiment shows XRP’s exchange supply has dropped by 23% in the last nine months, signaling more XRP is being moved to private wallets, indicating a shift towards long-term holding.
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Dogecoin ranks high due to Trump’s proposal for a "Department of Government Efficiency" (DOGE) with Elon Musk as a potential head.
Price: $0.16
Market Cap: $23.64 billion
Since August 2023, Dogecoin whales have significantly increased their holdings, often a signal for market recovery.
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MAGA (TRUMP)
MAGA (TRUMP), a meme-inspired coin tied to Trump’s "Make America Great Again" slogan, is showing a strong reversal pattern known as a cup and handle, with potential for a 48% surge if the pattern plays out.
Price: $3.8
Market Cap: $167.65 million
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MAGA Hat (MAGA)
Among political-themed coins, MAGA Hat (MAGA) could see a high-momentum rally if Trump wins. The MAGA price has recently broken out above a key support level, indicating demand.
Price: $0.00021
If the support holds, MAGA could aim for the $0.0012 mark.
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Doland Tremp (TREMP)
Doland Tremp (TREMP), a satirical crypto named after Trump, recently broke out of a bullish pattern and is set for further gains.
Price: $0.34
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Conclusion
A Trump win could foster a crypto-friendly climate, benefiting XRP, Dogecoin (DOGE), MAGA (TRUMP), MAGA Hat (MAGA), and Doland Tremp (TREMP).
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