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2 Coins That President Elect Donald Trump Is Bullish On

Simon Osuji by Simon Osuji
December 20, 2024
in Business
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2 Coins That President Elect Donald Trump Is Bullish On
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President-elect Donald Trump is currently gearing up to take over the official reins of the United States. His tenure as the 47th president of the US is set to commence on January 20, 2025, ushering in a new wave of change within the current economic structure. His active leanings toward a pro-cryptocurrency regimen may bode well for the domain holistically. In this wake, these two coins may show an incredible price surge as Donald Trump continues to support these coins.

Also Read: 2024 Sees $2.2 Billion in Cryptocurrency Losses from Hacks

Top 2 Cryptocurrency Coins That Donald Trump Is Banking On

Coins with question markCoins with question mark
Source: Watcher Guru

1. Ethereum (ETH)

Ethereum Logo Gray BackgroundEthereum Logo Gray Background
Source: Forbes

The latest Etherscan data shows Donald Trump-backed World Liberty Financial’s wallet accumulating more ETH coins per Eric.ETH has added $2.5M more Ethereum tokens to their wallet, showing signs of commitment and bullish sentiment towards Ethereum. Per the data by Arkham, Ethereum is one of the largest holdings that Trump has lately been holding and stocking on.

“Donald Trump bought the ETH dip. $2.5mn more in ETH added to his bag.”

https://twitter.com/econoar/status/1869900448687337733?t=-RiCbjbpw0VSdebDW

Per CoinCodex, Ethereum may surge to sit at a new price of $3660, rising 16% in the process.

ETH Price ChartETH Price Chart
Source: CoinCodex

“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 16.70% and reach $ 3,951.70 by January 19, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 74 (Greed). Ethereum recorded 14/30 (47%) green days with 6.71% price volatility over the last 30 days. Based on the Ethereum forecast, it’s now a bad time to buy Ethereum.”

Also Read: From $90 to $3.25M in Just 2 Days: Crypto Trader Racks Up 3.5M% Gain!

Bitcoin (BTC)

Bitcoin flying through cloudsBitcoin flying through clouds
Source: Watcher Guru

The president-elect has shown immense interest in Bitcoin during his early days of campaigning. Bitcoin was a hot topic for the recent presidential election, with Trump making comments about how Bitcoin is poised for greatness.

“If I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future,” he said.

Furthermore, Trump is also reportedly mulling over building a Bitcoin reserve in the US, which ultimately shows how serious he is when it comes to the budding cryptocurrency domain.

“We’re going to do something great with crypto because we don’t want China or anybody else. Not just China, but others are embracing it—and we want to be the head,” Trump told CNBC late last week.

Per CoinCodex, Bitcoin may rise to sit at a new price of $114K by mid-January 2024.

BTC PRICE CHARTBTC PRICE CHART
Source: CoinCodex

“According to our current Bitcoin price prediction, the price of Bitcoin may rise by 16.59% and reach $ 114,192 by January 19, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 74 (Greed). Bitcoin recorded 16/30 (53%) green days with 3.27% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a bad time to buy Bitcoin.”

Also Read: Dogecoin: AI Sets DOGE Price For The End of December 2024

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