5 crypto coins to buy before Trump’s inauguration
The inauguration of President-elect Donald Trump, scheduled for January 20th, is less than two weeks away and it is considered a noteworthy event in the crypto market. The entire market is looking forward to the occasion, which has raised talk of a bullish trend.
Such talks are made for reasons such as the US crypto business is expected to see major regulatory changes as a result of Trump’s reelection; numerous anti-crypto authorities have resigned since his reelection, including CFTC Chair Rostin Behnam and SEC Commissioner Gary Gensler and numerous prominent pro-crypto leaders have been selected by the president-elect.
Here are 5 crypto coins to buy before inauguration of Trump
1. XRP
The most likely digital asset to enter another bullish wave around Trump’s inauguration is Ripple’s XRP. With an over 300% increase since Trump’s win, XRP is now at its best price in almost six years. The altcoin’s market capitalization has surpassed $130 billion, surpassing that of other altcoins such as Solana and BNB.
As indicated above, Ripple contributed $5 million, one of the biggest gifts to Trump’s inauguration celebration. Before the inauguration, Brad Garlinghouse, the CEO of the company, had already met with Trump multiple times. These changes only point to promising developments for Ripple and its cryptocurrency.
2. MAGA (TRUMP)
MAGA Coin (TRUMP), inspired by Trump’s “Make America Great Again” slogan, is one of many meme crypto coins that respond to important events such as presidential inaugurations. The coin, which was launched in 2023 on the Ethereum network, has gained traction, rising 60% in a month and more than 1,400% in a year since Trump’s electoral triumph.
Notably, Trump’s publicly revealed cryptocurrency wallet contains 580,000 TRUMP tokens, which were given to him by the coin’s inventors in August 2023. MAGA Coin’s value is skyrocketing, making it a vital challenge to monitor as January 20 approaches.
3. Chainlink (LINK)
Chainlink is another initiative that has ties to Trump. The altcoin has lately received major financing from the World Liberty Financial Initiative (WLFI), a Donald Trump-backed decentralized finance (DeFi) project.
On December 12, 2024, WLFI spent almost $12 million on digital assets such as Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) intending to improve the dependability and security of its platform by leveraging Chainlink’s decentralized oracle network, which is already used in over 1,000 blockchain projects. The collaboration with Chainlink is expected to allow precise on-chain data and cross-chain connection, both of which are required for the smooth operation of DeFi services.
4. Aave (AAVE)
Trum-backed World Liberty Financial (WLFI), like Chainlink, invested in Aave, but has expanded its altcoin integration. In October 2024, WLFI proposed integrating Aave V3 on Ethereum to increase liquidity for stablecoins, Ether and Wrapped Bitcoin (WBTC) in its ecosystem.
In December 2024, WLFI’s multi-signature wallet purchased $1 million in AAVE (3,357 tokens at $297.8 apiece), demonstrating its commitment to Aave’s technology for DeFi services which increases AAVE’s price by over 20%, indicating market confidence in the WLFI-Aave alliance.
Bitcoin is currently experiencing a bullish market trend which is expected to continue as a result of impending regulatory reforms. Due to investors’ hope surrounding President-elect Donald Trump’s inauguration, the price of Bitcoin recently reached $100,000.
It is anticipated that the Trump administration will enact laws that will be beneficial to cryptocurrency and create a national Bitcoin reserve. Investor confidence has grown as a result of these anticipated reforms, which has helped to drive up the price of Bitcoin.
If those expectations fail, experts caution that the market may be overly optimistic about potential policy changes, which could cause Bitcoin’s price to plummet.
Vanguard News
