The cryptocurrency market is experiencing a bullish rally, a trend that is helping countless coins reach new highs. This surge is primarily driven by Donald Trump, as he is set to assume the role of the 47th president of the United States.
Elon Musk, the CEO of Tesla, is also playing a crucial role in strengthening the dominance of the sector by collaborating with Trump to support the cryptocurrency industry. Under this regime, these three coins could surge by as much as 50%, and investors should consider holding them now to profit in the future.
Bitcoin
Bitcoin has performed exceptionally well in recent weeks, continuously hitting new highs. BTC recently reached its all-time high of $88,000 and is expected to hit another price point of $100,000 by the end of the year. The friendship between Musk and Trump has played a significant role in bolstering this token, with Trump’s support for cryptocurrency helping the sector regain its lost glory.
According to CoinCodex, Bitcoin could soar by 20%, reaching an ideal price of $107,000 by the end of November.
“According to our current Bitcoin price prediction, Bitcoin is expected to rise by 20.96% and reach $107,057 by December 12, 2024. Based on our technical indicators, the current market sentiment is Bullish, and the Fear & Greed Index is showing a score of 69 (Greed). Bitcoin has recorded 18/30 (60%) green days with a price volatility of 6.20% in the past 30 days. Based on Bitcoin’s forecast, now is a good time to buy Bitcoin.”
Dogecoin
Dogecoin is another top cryptocurrency that has performed quite well in recent weeks. Doge is considered Musk’s favorite token, often seeing price surges whenever Musk mentions it in his interviews. Dogecoin recently experienced a nearly 40% price spike in 24 hours, making it a token worth holding under Trump’s regime.
According to CoinCodex, Dogecoin could dip by 6% by the end of November to $0.38. However, if Musk takes a significant role in Trump’s cabinet, Dogecoin could break out and either reach a new price point or touch the $1 mark in the long term.
“According to our current Dogecoin price prediction, Dogecoin is expected to drop by -6.79% and reach $0.383218 by December 12, 2024. Based on our technical indicators, the current market sentiment is Bullish, and the Fear & Greed Index is showing a score of 69 (Greed). Dogecoin has recorded 19/30 (63%) green days with a price volatility of 24.89% in the past 30 days. Based on Dogecoin’s forecast, now is a good time to buy Dogecoin.”
Ethereum
Ethereum is another promising cryptocurrency, the second-largest by market capitalization. This token had a slow price rate at the start of 2024 but is now experiencing a sudden surge in valuation, thanks to Bitcoin’s explosive rise, which has also accelerated ETH’s momentum. As of the time of writing, Ethereum is priced at $3,300, looking promising and potentially preparing for a new high.
According to CoinCodex, ETH could hit a new high of $3,440 by November 2024.
“According to our current Ethereum price prediction, Ethereum is expected to rise by 4.13% and reach $3,508.24 by December 12, 2024. Based on our technical indicators, the current market sentiment is Bullish, and the Fear & Greed Index is showing a score of 69 (Greed). Ethereum has recorded 18/30 (60%) green days with a price volatility of 7.57% in the past 30 days. Based on Ethereum’s forecast, now is a good time to buy Ethereum.”
