Cryptos Ascend: XRP and Avalanche Rise Post-Election

2 hours ago

Donald Trump's victory in the US elections has significantly influenced the cryptocurrency market, with altcoins showing notable growth.

Election Impact on Cryptos

Following pro-crypto Donald Trump's election victory in the US, the cryptocurrency market witnessed a significant spike in investor interest. Altcoins like Avalanche and XRP stood out with their successes.

Avalanche Price Spike

Avalanche (AVAX) saw a 5% price increase, reaching $47.17. This coincided with statements from Ava Labs CEO Emin Gün Sirer about talks with the Trump administration via the X platform. AVAX's 24-hour trading volumes doubled, further strengthening market interest in this digital asset.

XRP's Success Amidst News

XRP has shown significant growth, leading a local rally after Ripple's CEO revealed talks with the Trump administration. XRP reclaimed third place by market capitalization, surpassing Solana and USDT, amid Ripple's legal victories and rumors of Ripple's CEO Brad Garlinghouse being appointed 'Crypto Czar'.

If you’re looking for a 2017-style rally, then prepare for the power of 2017-style corrections too.EGRAG CRYPTO

The cryptocurrency market trends towards growth amidst political changes and news of talks between crypto developers and new US administrative structures.

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