Donald Trump and the Cryptocurrency Market: Rapid Rise in Altcoins
Donald Trump’s progress towards victory in the US presidential elections has created significant activity in the cryptocurrency market. His success in the elections attracted the attention of cryptocurrency investors and traders. This situation also caused a significant increase in the altcoin market. In particular, according to data from the decentralized prediction platform Polymarket, Trump’s vote rate rose to 99 percent. These developments led investors to turn to Bitcoin and altcoins.
In recent days, Bitcoin reached a historical high, testing $75,100. This rise also gave significant momentum to the altcoin market. So, which altcoins stood out and attracted the attention of investors in this process? Here are the altcoins that gained the most value in the last 24 hours:
- 1- Goatseus Maximus (GOAT): Artificial intelligence-themed memecoin GOAT took the leadership seat with an increase of 41 percent in the last 24 hours. Benefiting from both the memecoin and artificial intelligence trend, it experienced a huge rise and surpassed $ 0.70. As the market continues to move upwards, expectations from GOAT may increase.
- 2- Uniswap (UNI): UNI, the token of the decentralized cryptocurrency exchange Uniswap, has increased by 30 percent in the last 24 hours. This rise put UNI in second place and raised hopes for the bull season. The $10 level stands out as a critical threshold for Uniswap; If this level is exceeded, a wider buying wave may occur.
- 3- First Neiro on Ethereum (NEIRO): NEIRO, the recent favorite name of Memecoins, has experienced a 26 percent increase in the last 24 hours. NEIRO could make its mark not only on memecoins but also on the overall altcoin market. With the Memecoin trend strengthening, NEIRO may target a market cap of $1 billion; This may present attractive opportunities for investors.
- 4- Dogecoin (DOGE): Elon Musk, a supporter of Donald Trump, played a big role in the recent rise of Dogecoin. Musk, who shared DOGE-themed posts on social media, brought this popular memecoin to the fore again. DOGE, which showed a 24 percent performance in the last 24 hours, ranks fourth on our list. Dogecoin will potentially gain more attention with the positive sentiment surrounding Trump’s victory.
- 5- Popcat (POPCAT): POPCAT, the leading name of cat memecoins, has increased by 22 percent in the last 24 hours. Leaving behind $1.50, this popular altcoin continues to shake the market. POPCAT, which has been rising rapidly after the Binance listing, may start a new bull run if it breaks $ 2. This potential can create profit opportunities for investors.
As a result, Donald Trump’s success in the presidential elections has given significant momentum to the cryptocurrency market. The rise in altcoins managed to attract the attention of investors. Especially altcoins such as GOAT, UNI, NEIRO, DOGE and POPCAT were among the prominent names in this process. This activity in the cryptocurrency world means new opportunities and risks for investors. Investors need to follow these developments carefully and shape their strategies accordingly.
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