Trump's Victory and Its Impact on the Crypto Market: Anticipating Altcoin Season

user avatar

by Giorgi Kostiuk

2 years ago

Since Donald Trump's victory in the U.S. presidential race, the cryptocurrency market has surged by 30%. This raises the question: could this be the beginning of the altcoin season?

Altcoin Season to Start in 20 Days

Prominent crypto analyst Crypto Rover has predicted that the altcoin season is just 20 days away. He highlights a historical pattern where, typically, a significant market shift towards altcoins occurs approximately 224 days after each Bitcoin halving. The current market scenario, with Bitcoin's dominance peaking, seems to align perfectly with this pattern.

Why This Could Be Profitable

Based on previous cycles, Crypto Rover notes that in 2016, altcoins saw a 150x increase in market cap, and in 2020, it was 40x. While this time the gains might not be as substantial, a 5x to 10x increase in the total altcoin market cap is still very possible. Even a smaller increase would mean significant potential gains for investors.

The Best Altcoins to Watch

Crypto Rover points to three key sectors that he believes will lead the charge during this altcoin season. Firstly, meme coins like Pepe are expected to see significant gains. Secondly, Render, a GPU power project linked to AI, could witness growth of 10x to 20x. Lastly, Ethereum with its algorithmic stablecoin offers significant upside potential.

The crypto market appears to be on the verge of a potential altcoin season, with analysts predicting key sectors, such as meme coins and AI-related projects, to lead the growth.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Verona Launches verUSD Stablecoin for AI Payments

Verona has launched a new dollar stablecoin, verUSD, designed for AI payments and machine transactions, with over $100 million in institutional commitments.

user avatarAyman Ben Youssef

Blockchain.com Plans IPO to Enter US Public Markets

Blockchain.com is reportedly preparing for an initial public offering that could raise around $500 million.

user avatarSon Min-ho

Bybit Partners with Franklin Templeton for Innovative Off-Exchange Collateral Program

Bybit partners with Franklin Templeton to allow institutional traders to use tokenized fund shares as collateral without depositing them on the exchange.

user avatarTando Nkube

BTCS Prepares for Tokenized Stocks Trading Under SEC Exemption

BTCS's Imperium unit has completed compliance work for potential trading of tokenized stocks under a new SEC exemption.

user avatarKofi Adjeman

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.