These Altcoins are Set to Skyrocket on Donald Trump’s Inauguration Day
The market faces many legal and government challenges and now hopes the new administration will enact better policies. Supporters may have a say in the rules governing U.S. technology after President-elect Donald Trump, who took office on Monday, made several key appointments. As a result, the cryptocurrency market has surged exponentially, with several altcoins set to soar on January 20. Interestingly, the official Trump meme coin Solana and XRP may create new ATH on Monday.
‘Trump Pump’ May Exceed Buyers’ Expectations
With President-elect Donald Trump’s January 20 inauguration less than a day away, traders are excited to see how his rumored pro-crypto administration will impact the future of the industry.
Also read: XRP lawsuit news: Ripple’s battle with SEC faces new twist as Trump promotes Meme coin
Bitcoin hit its highest price of 2025 on Friday as investors looked ahead to Donald Trump’s second presidential inauguration on January 20. Trump is said to plan to sign more than 100 executive orders immediately, some of which may involve Bitcoin and the broader crypto market.
As a result, the value of several altcoins, as well as the new memecoin launched by Donald Trump, has begun to rise significantly. However, there are also concerns in the market about a potential pump-and-sell scheme, although the likelihood of this happening is fairly low.
Official Trump Price Analysis
Donald Trump announced a new cryptocurrency called “Trump Meme Coin” just days before his inauguration. Despite concerns about potential scams, excitement has pushed the value of memecoin on the Solana blockchain soaring to over $38 billion in market capitalization (FDV).
The hype is expected to intensify as the incoming president’s endorsement of meme coins boosts traders’ confidence. The official Trump meme coin is currently trading at $38.8, having surged more than 190% in the past 24 hours.
Trump Coin is expected to maintain buying demand on January 20. The coin’s value is expected to surge above $40 as the price chart shows a rising wedge pattern. The price target on January 20 is set at $70 to $80.
Solana (SOL) Price Analysis
Solana price continues to surge above recent resistance, reaching November highs. As of this writing, SOL price is trading at $270, up more than 8.9% from yesterday.
The 20-day average price has begun to rise, and the relative strength index (RSI) has entered overbought territory, suggesting a slight retest of immediate support. There is slight resistance at $303, but a break above this price is expected. If so, the SOL/USDT pair could rise to $350 tomorrow.
XRP Price Analysis
XRP continues to surge due to the possibility of new cryptocurrency policies from the new SEC, which has a positive impact on Ripple’s legal action. XRP price has been surging exponentially and is gearing up for further gains tomorrow, consolidating at $3.2.
In order to achieve a strong surge, XRP needs to remain above the EMA20 trendline. As RSI levels continue to hover around the 60 level, XRP price may surge towards $3.8 to $4.
