gaan bekende crypto’s stijgen of crashen?
Next Monday, January 20, Donald Trump will return to the White House. Many believe this is positive for the cryptocurrency market, but others are speculating that a new cryptocurrency crash will occur that day. This is because if Bitcoin falls too much, a large number of short-term holders may panic and sell.
On the other hand, Trump’s inauguration is a positive for the crypto market. As president, Trump could make important changes to the U.S. regulatory environment, but he may also have plans for a Bitcoin reserve. This could create both direct and indirect buying pressure, taking Bitcoin to the next level.
New Cryptocurrency Crash Threat
The $88,000 level (light blue) is an important defensive level based on the short-term cost basis. At the start of the afternoon, Bitcoin price remained fairly stable at $93,900. If the price falls below $88,000, short-term holders may panic sell.
This situation can cause a domino effect, with prices continuing to fall as more people sell out of panic. Of course, prices will eventually be absorbed by increasing buying pressure.
On the other hand, if the price of Bitcoin remains above $88,000 after Trump’s inauguration on January 20, the cryptocurrency may see a sharp rebound. Interest in the cryptocurrency has grown at a still surprising pace since then, but it was enough to lift Bitcoin to an all-time high above $108,300.
Another scenario is that investors and traders invested heavily before January 20th, causing well-known cryptocurrencies to rise before the 20th. If this happens, keep an eye out for news of a possible sell-off, which could trigger a crypto crash on January 20 or in the coming days.
Will Bitcoin Drop to $88,000 in Cryptocurrency Crash?
Currently, it is unlikely that Bitcoin price will fall below $88,000 by January 20. Since rising above $90,000 in November 2024, the famous cryptocurrency has never fallen below that level. Strong support around $90,000 makes it difficult to fall below $88,000 in the short term.
Meanwhile, Bitcoin faces strong resistance near $97,300, formed by the 30-day moving average (yellow). Another strong resistance is near $102,000. This resistance resulted in a sharp decline last Monday.
The relative strength index (RSI) of 45 also makes a sharp decline unlikely. The RSI indicates momentum is neutral with a slightly bearish tone, meaning BTC is not considered overvalued at the moment. Unless market sentiment turns bearish, cryptocurrencies look set to rise.
Combined with the possibility of a very positive market reaction to Trump’s inauguration, the coming weeks could be very lucrative for investors. Cryptocurrencies are risky, but not having cryptocurrencies in the coming weeks is also risky to some extent.
Trump will likely ensure a massive rally that doesn’t collapse and we won’t see today’s levels again for some time.
Which altcoins will rise on the next crypto rally?
Bitcoin and major altcoins are likely to get a lot of attention and surge higher in the coming weeks. However, if we look at smaller altcoins, they may rise faster if they are snapped up by investors.
Below we take a look at 3 small cryptocurrencies that have the potential to explode in the first quarter of 2025. Small altcoins obviously carry more risk than Bitcoin and well-known cryptocurrencies, but they may also rise faster if all goes well.
Wall Street Invitation ($WEPE)
Wall Street Invitation ($WEPE) is one of the most popular cryptocurrency pre-sales currently, having raised $46.5 million since its launch in December. The advantage of $WEPE is that this meme coin can become more valuable. Additionally, $WEPE also has utility for token holders.
$WEPE gives you access to an exclusive community of traders of varying levels, as well as elite trading insights available to everyone in the community. These trading insights can help investors make more money during bull markets.
This season’s hottest fashion trend? Weeppe bag. 🐸⚔️ pic.twitter.com/TB9WmFnrjw
— Wall Street Pepe (@WEPEToken) January 11, 2025
You can buy $WEPE today for $0.00036646 each, but the price will rise in the coming days. Another benefit is that you can stake your tokens immediately with a current annualized return of 27%. The high popularity of the pre-sale is a good sign that meme coins are likely to explode upon launch.
Solaxy ($SOLX)
Solana has grown significantly since 2023 and may become bigger than ever by 2025. Solaxy ($SOLX) Plans to take Solana to the next level with the launch of the first Solana Layer-2 blockchain. Solaxy’s pre-sales have raised more than $9.8 million to date.
$SOLX can be used in new blockchains, such as trading coins on the network, and perhaps making extra money through DeFi (decentralized finance). The advantage of Solaxy is that you can enjoy the speed and low cost of Solana without the risk of interruptions and failed transactions.
$SOLX is still selling for $0.001598 per token today, but the price will continue to rise tomorrow. Solaxy currently offers attractive staking rewards with an APY of 354%, so you can claim additional tokens after the presale ends.
Best Wallet Token ($BEST)
After raising $7 million in pre-sale, Best Wallet is soon ready to go local Best Wallet Token ($BEST) Launched on the exchange. This utility token offers advantages to users of crypto wallets and therefore has the potential to become valuable.
As a Best Wallet user, you can hold $BEST to receive various benefits. This includes discounts on in-app operations, benefits from various Best Wallet partners, early access to new presales and releases, and higher staking rewards.
Increase your staking rewards $best! 💎
Keep $best Meaning better betting opportunities. Get higher APY rates with Best Wallet’s staking aggregator and make your crypto work harder for you.
Get started now. 📲 https://t.co/he5kzra7TY pic.twitter.com/5PKC2eWXzT
— Best Wallet (@BestWalletHQ) January 10, 2025
The price of $BEST is still low at 2 cents per token, and $BEST may become more expensive after the presale. Invest today and you can benefit from this fixed price. Additionally, early termination is possible and the APY is 274%.
