Trump's Inauguration and Its Potential Impact on the Crypto Market

By: Isha Das

As the inauguration of President-elect Donald Trump on January 20 approaches, the crypto market is abuzz with speculations about its potential impact. The event, while mainly ceremonial according to analysts, is anticipated to bring significant market 'noise' owing to Trump's well-known stance on cryptocurrency. Source

Bitcoin (BTC), often recognized as digital gold, has already begun to show volatility in the days leading up to the event. Surprising many, BTC saw a dip below $90,000 before rallying over $105,000, marking a tumultuous but exciting period for investors. Source

Analysts like Xremlin have anticipated a 'golden era' for cryptocurrency under Trump's influence, particularly pointing towards US-founded digital assets. Among those highlighted are Ethereum (ETH), Bitcoin (BTC), Solana (SOL), Sui (SUI), and a yet-to-launch coin, World Liberty. These assets, either through their strong existing networks or their affiliations to the Trump family, are poised for potential growth. Source

Prime Candidates for Growth

Ethereum maintains its pivotal role due to its comprehensive smart contract functions, making it indispensable in decentralized applications (dApps). Moreover, with the possible inclusion of BTC as part of a U.S. Strategic Bitcoin reserve, Bitcoin's market value and interest from institutional investors may escalate.

Solana and Sui offer compelling alternatives for blockchain enthusiasts, with Sui purportedly providing superior transaction speeds albeit lacking significant user adoption at present. The regulatory landscape under Trump's administration could favor such US-founded assets. Source

Additional assets like Ripple (XRP), Chainlink (LINK), Ondo (ONDO), Hedera (HBAR), and Stellar (XLM) also present investment opportunities. Ripple's efficient cross-border payment protocol, alongside Chainlink's seamless cross-chain connectivity, positions them as leaders in their respective niches.

Meanwhile, enlisted companies such as Google involved with Hedera and partnerships Stellar enjoys with entities like MoneyGram could catalyze their adoption and growth. In conclusion, while the inauguration may not be market-moving per se, the associated political overtures are likely to ripple through the crypto market, prompting strategic adjustments by investors.