President-elect Donald Trump will take his oath as the 47th President of the United States on Monday, Jan. 20, 2025. Many believe that the cryptocurrency market will enter another bullish leg after Trump assumes office due to his pro-crypto stance. Trump aims to make crypto a national priority under his leadership.
Also Read: Donald Trump to Designate Cryptocurrency as a National Priority
Why Will Cryptocurrencies Thrive Under Trump?
Trump has been very vocal about his support for the crypto industry. He even enabled crypto donations for his presidential campaign. Trump has named a new SEC chair after Gary Gensler announced his exit. Gensler was often viewed as a villain of the cryptocurrency realm.
Trump has also named a White House “crypto czar.” The move aims to streamline crypto regulations in the US and bring more clarity to companies and investors.
Also Read: Solana SOL Up 13% This Week, When Can It Reach $250?
Top 3 Cryptocurrencies To Watch As Donald Trump Takes Oath
1. Ripple (XRP)
XRP has had an incredible few months. The cryptocurrency breached the $3 mark recently for the first time in seven years. XRP is very close to hitting a new all-time high.
Ripple CEP Brad Garlinghouse recently had dinner with Trump. The President-elect could clear the path for American crypto projects, such as Ripple’s XRP token.
2. Solana (SOL)
SOL is another cryptocurrency that could thrive under Trump’s leadership. The asset hit an all-time high after Trump’s victory was announced. A similar pattern could emerge after his inauguration.
SOL is an American project, and Trump wants to prioritize crypto under his watch. SOL could rise to never-before-seen levels over the next few months.
3. Dogecoin (DOGE)
Also Read: Amazon Q4 Earnings Projected to Rise 54%: AMZN to Outperform?
DOGE is another cryptocurrency that could witness incredible growth under the Trump administration. Trump has already greenlit the creation of the Department Of Government Efficiency (D.O.G.E.)with Elon Musk and Vivek Ramaswamy at its head. DOGE could witness a massive price spike after the commencing of the department.
