5 Altcoins Poised for Growth Under Pro-Crypto Trump Administration
In a recent video analysis from Altcoin Daily, the analyst highlighted five altcoins with significant potential under a pro-crypto Trump administration, while providing the latest insights into the developments shaping the cryptocurrency space. insights.
The analyst noted, Fit21 Cryptocurrency Billif the blockchain of a digital asset is decentralized enough, it is classified as a commodity. That said, a Republican-controlled Senate could improve its chances of becoming law. Decentralization is defined as no single entity owning more than 20% of the network, thus establishing a clear distinction between commodities (regulated by the CFTC) and securities (regulated by the SEC).
The bullish wave led by political changes is creating space for coins other than ETH and BTC.
Here are this week’s top picks!
Link(LINK)
Chainlink stands out with its Chainlink runtime environment framework, which aims to bridge traditional financial systems with Blockchain protocol. By supporting familiar programming languages, the framework simplifies the creation of advanced smart contracts and promotes interoperability. This innovation makes Chainlink a key player in integrating traditional institutions into the blockchain ecosystem.
Chainlink (LINK) is currently trading at $14.23, having retraced 4.67% intraday, ending a 7-day advance. Continuously rising 45%. A pullback could test the 200-day moving average SMApotential support is near $12.89. Despite the temporary decline, the bullish trend remains strong, as indicated by the positive crossover between the 100-day moving average and the 50-day moving average. Following the pullback, LINK is expected to break above the $16.75 resistance, potentially reaching $21.69 by the end of the month.
Ripple
XRP, once the second largest digital asset, has been weighed down by an SEC lawsuit. However, Ripple CEO Brad Garlinghouse remains optimistic. There are recent rumors that Meet President-elect Trump Adding to speculation, XRP surged 10% after the election. although 40% of Ripple’s custody assets Still a concern for Fit21, the possibility of burning tokens could address this issue. An XRP ETF could further fuel growth.
Cardano (ADA)
Cardano is investing heavily in integrating Bitcoin DeFi into its ecosystem. Cardano founder Charles Hoskinson plans to make Cardano a dominant Bitcoin-based platform Decentralized Finance. These efforts can drive adoption and expand their ecosystems, especially as competition increases.
AIT protocol
AIT Protocol is a new entrant that is pioneering a decentralized market for artificial intelligence model training. built on bit tensorwhose subnets are dedicated to solving logical and mathematical problems. While its execution remains a gamble, its innovative approach to AI and blockchain integration could make or break this cycle.
Solana(Sun)
Solana’s decentralized transaction volume has surpassed that of Ethereum and all of its L2s combined, marking a milestone in adoption. This highlights its growing dominance in DeFi and positioning Solana as a blockchain Watch carefully.
This mix of established projects and emerging businesses exemplifies the diversity and innovation in the cryptocurrency space and signals significant opportunities in a regulatory environment that supports cryptocurrencies.
