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Donald Trump’s speech at the Bitcoin Conference on Sunday could be a turning point for the crypto industry.
Trump appeared determined to get the 50 million US crypto investors behind him for the upcoming presidential elections in November. The former President’s promises drew resounding applause at the conference and provided a major boost to crypto prices.
The Bitcoin price has hit $70,000 since while Solana and Ethereum prices are also showing substantial strength in the aftermath. Crypto price predictions from experts are projecting new highs for them in the coming weeks
The demand for new crypto coins is also surging as investors gear up for the start of a new bull market.
Trump Announces Bitcoin Strategic Reserve, Promises To Fire Gary Gensler
Vice President and presumptive Democratic nominee Kamala Harris is rapidly gaining ground against her Republican opponent. She is reportedly even “seeking a reset” with crypto companies.
The onus was on Donald Trump to not let the crypto industry’s support slip away as the race for the White House enters the home stretch. According to experts, he did not disappoint.
Trump seeks to make the United States the crypto capital of the world. In a major announcement, he promised to create a Strategic Reserve for Bitcoin, claiming that his government won’t sell any BTC it holds or acquires in the future.
Donald Trump also vowed that he would fire SEC Chairman Gary Gensler on the first day of his presidency, to thunderous applause from the audience.
PRESIDENT TRUMP: "ON DAY ONE I WILL FIRE SEC CHAIR GARY GENSLER…LET ME SAY THAT AGAIN…I WILL FIRE GARY GENSLER!" 
pic.twitter.com/DyPRDCtBvG
— Autism Capital 
(@AutismCapital) July 27, 2024
Trump’s other promises included reduced energy costs for BTC mining, the right to self-custody and banning CBDCs.
3 Crypto Price Predictions – How High Will Bitcoin, Ethereum and Solana Reach After Trump’s Speech?
Trump’s Bitcoin Conference speech has already provided a major boost to crypto prices. Now, experts’ crypto price predictions have Bitcoin, Ethereum and Solana pushing towards new all-time highs in the coming weeks.
Bitcoin to $80k in August?
The Bitcoin price has reached $70k today on Monday, in response to Trump’s pro-crypto speech.
Experts reveal that BTC is now trading above its bull market support band, which could indicate a strong bullish continuation in the coming days.
Simply put, the Bitcoin price appears poised to push towards a new all-time high, perhaps as early as this week.
Popular crypto trader Doctor Profit (@DrProfitCrypto) also reveals that BTC would very likely not reject from the $74k price mark again, indicating that $80,000 is up for grabs for Bitcoin in August.
The next time we touch 72-74k region
It wont be rejected like in the past
We will see a breakout to 80k easily
So far 4 rejections, fifth is breakout pic.twitter.com/Cbqi555YCr
— Doctor Profit 
(@DrProfitCrypto) July 14, 2024
Ethereum to $10,000 This Year?
It is tricky to predict Ethereum’s short-term price action, owing to the strong outflows from Grayscale’s ETHE ETF. It remains unclear whether the inflows in other newly-launched spot Ethereum ETFs will outweigh Grayscale’s withdrawals.
However, experts remain confident that the second-largest cryptocurrency is on the verge of a major breakout.
In fact, popular crypto trader Elja (@eljaboom) reveals that the Ethereum price could reach $10,000 – either by December this year or within the first-quarter of 2025. As seen in the case of spot Bitcoin ETFs, Grayscale’s outflows are typically priced within 3 weeks, paving the way for a major bull rally.
ETH is currently trading at just under $3400.
Solana Price Could Reach $600 Under Trump Presidency
Both Bitcoin and Ethereum have their spot ETFs. Solana could be next, provided if Donald Trump wins the White House in November.
Trump has already promised to fire Gary Gensler, who labelled SOL as a security. A new SEC Chairperson can not only approve spot SOL ETFs, but also secure Solana’s non-security status.
$SOL is still playing out exactly the same as it did in the summer of 2021 
Should be up only from here if it keeps playing out the same.
My target? $600. 
pic.twitter.com/hV38eiWeEs
— Jelle (@CryptoJelleNL) July 29, 2024
The Solana price has climbed nearly 34% over the past month. However, experts believe that it could hit a new all-time high in August and peak at $600 in this bull cycle, especially if spot SOL ETFs get approved.
New Crypto Coins Surge In Demand
A Trump victory in November could spark a major bull run, if the market isn’t already in one by then.
Despite the aforemention bullish price predictions from experts, large-cap altcoins tend to offer limited returns. On the contrary, small-scale investors printed millions in profits with new crypto coins during this year’s first-quarter bull rally.
For instance, new Ethereum meme coins often show a high degree of correlation with ETH. Unsurprisingly, presale tokens such as Pepe Unchained are in high demand.
Pepe Unchained (PEPU) has already raised over $6 million in its ongoing presale, owing to its bold move of launching a native Layer-2 blockchain. The new chain will offer extremely low trading costs and high staking rewards, the perfect formula for driving up retail investment into PEPU.
Indeed, PEPU holders are already earning attractive yields at a reward rate higher than the industry standard.
Pepe Unchained has quickly caught the attention of some deep-pocketed investors and popular crypto influencers, some of whom are aiming for 50x to 100x gains from the meme coin.
Similarly, BRC-20 tokens show strong correlation with Bitcoin. If BTC were to hit a new all-time high in August, tokens such as 99Bitcoins could also deliver outsized returns.
The 99Bitcoins brand name already has an established community backing, with over 3 million subscribers across its website and YouTube. These subscribers could now become token holders, with lucrative learn-to-earn rewards and staking yields up for grabs.
Owing to its community backing and BRC-20 status, experts believe that 99BTC could deliver 10x returns after its launch. The token is already seeing strong FOMO, with its presale is ending on August 6th after having raised over $2.5 million.
*Cryptonomist did not write the article or test the platform.
