Donald Trump's victory at the polls has injected a fresh air of optimism into the crypto industry, with the overall market cap surging by over $750 billion.
Ethereum: Potential in Trump's Administration
Ethereum has been one of the top gainers since Donald Trump won his presidency on November 5th. ETH recently breached the $3,000 resistance level after a record Ethereum spot ETF inflow. Popular crypto analyst Raoul Pal predicts that Ethereum could benefit more than Bitcoin under Trump's administration due to favorable crypto regulations promoting decentralized finance (DeFi). According to Arkham Intelligence, Trump owns ETH worth approximately $1.29 million, indicating his strong belief in the project.
Increased Interest in Shiba Inu's BONK
One of the most popular memecoins on the Solana blockchain, BONK, has seen unprecedented interest in 2024. Trading at $0.00003473, this memecoin is only 15% away from its all-time high of $0.00004547 reached 9 months ago. Investors are confident in maintaining the bullish momentum.
Yeti Ouro: A New Memecoin in the Market
Investors are looking at Yeti Ouro, a new memecoin project offering utility. Within the Yeti Go ecosystem, players can participate in races and earn rewards using YETIO tokens. The project is gaining traction in its presale, with over 21% of available tokens already purchased.
The cryptocurrency market is showing positive trends due to political shifts and new projects like Yeti Ouro.
