Top Cryptocurrency Coins Benefiting from Donald Trump’s Support
Donald Trump, the incoming President of the United States, is anticipated to bring about significant changes to the economic landscape starting January 20, 2025. His favorable stance towards cryptocurrencies is expected to impact the market positively. Here are two cryptocurrencies that may experience a substantial price increase as a result of Trump’s backing.
Ethereum (ETH)
Ethereum has become a key focus for Donald Trump’s World Liberty Financial, with recent data showing a significant increase in the acquisition of ETH tokens. This move underscores Trump’s bullish sentiment towards Ethereum, with analysts predicting a price surge that could see ETH reach $3,660, representing a 16% increase.
CoinCodex’s Ethereum price forecast indicates a potential rise to $3,951.70 by January 19, 2025. Despite some bearish sentiment, Ethereum has recorded several green days in the past month, signaling positive momentum.
Bitcoin (BTC)
During his presidential campaign, Donald Trump expressed a strong interest in Bitcoin, highlighting his plans to establish a Bitcoin reserve in the US. This commitment to the cryptocurrency space is expected to boost Bitcoin’s value, with projections suggesting a price of $114,192 by mid-January 2025.
According to CoinCodex, Bitcoin’s current price forecast shows the potential for a 16.59% increase, with the Fear & Greed Index indicating a sentiment of greed in the market. While Bitcoin has experienced volatility, the overall trend remains positive.
Source : watcher.guru