President-elect Donald Trump's transition team in the United States is evaluating current and new officials for the Commodity Futures Trading Commission (CFTC), which is crucial in the regulated cryptocurrency markets in the US, being the second most important agency after the Securities and Exchange Commission (SEC).
The cryptocurrency market has seen a surge following Trump's victory in the US presidential election, and on November 11, shares of cryptocurrency exchange Coinbase rose by more than 20%, surpassing $300 for the first time since 2021.
Trump's victory is also a green light for more than a dozen proposed cryptocurrency exchange-traded funds (ETFs), which are awaiting regulatory approval to be listed in the country.
That is why today we decided to create our ranking of the list of the best cryptocurrencies such as BITCOIN, CARDANO, DOGECOIN and PEPE UNCHAINED, those that can explode at any time, as well as large established capitalizations with a large community of holders.
Arthur Hayes, former CEO of BitMEX, suggests that Donald Trump’s economic policies could devalue the USD. In his recent article “Black or White?”, Hayes analyzes the interaction between politics and financial markets.
With Trump’s victory, Hayes foresees a fall in the US dollar, which could benefit Bitcoin. Hayes claims that the price of Bitcoin could reach $1 million due to the depreciation of the dollar. BTC has seen a remarkable rise in the past seven days.
Hayes urges the 47th president to adopt industrial policies similar to those of China, including tax incentives and subsidies for key industries. The US government may also need to provide cheap financing through the banking system.
Central bank liquidity contributions often drive up the price of Bitcoin, prompting investors to seek out higher returns in alternative assets. Meanwhile, Bitcoin has hit several new all-time highs this week.
Cardano is powered by bitcoin: ADA could reach new highs
The sustained growth in the price of Bitcoin has directly impacted the rest of the market. ADA could explore new highs after an accumulated increase of more than 60% in its price over the last week.
Earlier this week, ADA’s price surged by nearly 35% in a matter of hours, boosted by Charles Hoskinson announcing his intention to collaborate with the new Trump administration. Its market cap has also grown, reaching $19 billion, a 60% increase compared to early November.
Thanks to this revaluation, Cardano has entered the top 10 of the list of cryptocurrencies by market capitalization on TradingView, surpassing projects such as TRON, Toncoin and Shiba Inu.
However, the “bull flag” pattern can be misleading. ADA price could experience a market correction, consolidate, or break down. Over the past 24 hours, its price has shown high volatility, with a cumulative drop of 7%.
If the bullish trend continues, the positive short-term prediction for Cardano will not be the only one.
Dogecoin on the rise after Trump's victory: Could it catch up with the dollar?
Dogecoin (DOGE) has been one of the most talked about cryptocurrencies following Trump’s victory in the recent election. The price of Dogecoin hit a new all-time high of $0.43, although it has declined slightly since then.
This growth, coupled with Bitcoin’s trajectory, has led market players to wonder whether Dogecoin could hit $1 in the coming months. The quintessential meme cryptocurrency is ideally positioned to continue its current momentum.
Dogecoin has surged significantly in November, outperforming many top-tier crypto assets in the current bullish trend. Many are already making predictions that Doge could hit $3.
Currently, it is the sixth-largest cryptocurrency in the world by market capitalization. Although its current price is below its all-time high of $0.70, Dogecoin has regained momentum. This performance is notable given the broader cryptocurrency market.
Elon Musk’s influence has been crucial in maintaining Dogecoin’s popularity and increasing its value, despite its lack of inherent utility compared to other cryptocurrencies. Musk has turned Dogecoin into a cultural icon thanks to his public support.
Dogecoin’s status as a meme cryptocurrency may prevent it from achieving the stability and trust needed for widespread use in everyday transactions. Despite this, Dogecoin’s potential to reach $1 or more remains a possibility that should not be ignored and if you are interested in buying DOGE? Here are the steps to follow.
Pepe Unchained: over 30 million raised
A new player in the Pepe memecoin space has emerged: PEPU. This innovative ERC-20 token will be the backbone of its own layer-2 blockchain, called Pepe Unchained, one of the newest staking cryptocurrencies on the list.
The project aims to free the “real Pepe” from the limitations of traditional layer 1 solutions, delivering speed and efficiency that were previously unattainable.
Among other qualities, it stands out for offering double staking rewards for early investors.
Pepe Unchained allocates 20% of its 8 million tokens to pre-sale, 30% to staking rewards, and the rest is distributed to operating expenses
