In a recent analysis by Altcoin Daily, the spotlight was placed on five altcoins with the potential to skyrocket, especially if a pro-crypto Trump administration takes charge. With new developments shaping the future of digital assets, these coins could see major gains!
Are you missing out on the next big players in crypto? Keep reading to discover which projects are leading the charge and why they might be on the verge of a breakout.
One of the highlights is the Fit21 crypto bill, which classifies digital assets as commodities if their blockchains are sufficiently decentralized. If the Senate is controlled by Republicans, this bill could have a better chance of becoming law. The bill defines decentralization as a network where no entity controls more than 20%, making a clear distinction between commodities (regulated by the CFTC) and securities (regulated by the SEC).
The bullish wave led by political change is creating room for coins other than ETH and BTC.
Chainlink continues to stand out with its Chainlink Runtime Environment Framework, designed to connect traditional financial systems with blockchain technology. By supporting familiar programming languages, it simplifies the creation of advanced smart contracts and enhances interoperability. This makes Chainlink an essential player in helping traditional financial institutions adopt blockchain solutions.
Currently priced at $14.23, Chainlink has pulled back 4.67% after a 7-day bullish streak that saw a 45% gain. The coin could test the 200-day SMA, with support potentially around $12.89. Despite the short-term dip, the overall bullish trend remains, shown by a positive crossover between the 50-day and 100-day SMAs. After this pullback, Chainlink is expected to push past $16.75 and may reach $21.69 by the end of the month.
XRP, once the second-largest digital asset, has been weighed down by the SEC’s lawsuit. However, Ripple CEO Brad Garlinghouse remains optimistic. Recent rumors of a meeting with President-elect Trump have fueled speculation, and XRP surged 10% after the election. While Ripple’s 40% escrow holdings remain a concern under Fit21, the possibility of burning tokens could resolve this. An XRP ETF could further catalyze growth.
Cardano is investing heavily in integrating Bitcoin DeFi into its ecosystem. Charles Hoskinson, Cardano’s founder, plans to make Cardano the dominant platform for Bitcoin-based decentralized finance. These efforts could drive adoption and expand its ecosystem, especially with growing competition.
AIT Protocol, a newer entrant, is pioneering a decentralized marketplace for AI model training. Built on BitTensor, its subnets specialize in logic and math problem-solving. While its execution remains a gamble, its innovative approach to AI and blockchain integration could either make or break its success this cycle.
Solana’s decentralized exchange volume has exceeded Ethereum’s and all its L2s combined, marking a milestone in adoption. This highlights its growing dominance in DeFi and positions Solana as a blockchain to watch closely.
The mix of well-established projects and newer ventures highlights the diversity and innovation in the crypto space, pointing to substantial opportunities in a pro-crypto regulatory environment. These coins are set for success!
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