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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
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These 3 Altcoins Will Skyrocket on Donald Trump's Inauguration Day
The market has faced many challenges in terms of legal and government issues and is now hoping for better policies with the new government. Supporters may have a voice in the US technology regulations after President-elect Donald Trump, who took office on Monday, appointed several key positions. As a result, the cryptocurrency market has skyrocketed, with some altcoins set to surge on January 20th. Interestingly, Trump's official meme currency, Solana and XRP, may create new ATHs on Monday. A 'Trump Pump' Can Exceed Buyers' Expectations Less than a day to go until President-elect Donald Trump's inauguration on January 20, traders are eagerly anticipating how his administration, which is believed to be supportive of cryptocurrencies, will impact the future of the industry. On Friday, Bitcoin reached its highest price of 2025, as investors anticipated the second inauguration of Donald Trump on January 20. Trump is said to be planning to sign more than 100 executive orders immediately, some of which may address the issue of Bitcoin and the cryptocurrency market in general. As a result, some altcoins, along with a new meme coin issued by Donald Trump, have begun to see a significant increase in value. However, there are also concerns about potential pump-and-dump schemes in the market, although the likelihood of this happening is quite low. Trump Price Analysis Donald Trump has announced a new cryptocurrency called Trump memecoin just days before his inauguration. Despite concerns about fraud, excitement has driven the value of memecoin on the Solana blockchain to skyrocket to a market capitalization of over $38 billion.
This exaggeration is expected to increase as the new president's endorsement of meme currency boosts traders' confidence. Currently, Trump's official meme currency is trading at $38.8, up over 190% in the past 24 hours. It is expected that the Trump coin will maintain buying demand on January 20th. With the price chart showing an upward trend, the value of this currency is predicted to surge to over $40. The target price for January 20th is set between $70 and $80. Solana Price Analysis The price of Solana continues to surge above immediate resistance levels, reaching its highest level in November. As of writing, SOL is trading at $270, up over 8.9% from yesterday's price.
The 20-day moving average has started to rise and the Relative Strength Index (RSI) has moved into overbought territory, suggesting a small retest of immediate support. There is a minor resistance level at $303, but this price level is expected to be overcome. If so, the SOL/USDT pair could rise to $350 tomorrow. XRP Price Analysis XRP continues to rise as the SEC may introduce new cryptocurrency policies, positively impacting Ripple's legal case. The price of XRP has multiplied and is preparing for further increases tomorrow by consolidating at $3.2.
To have a strong rally, XRP needs to stay above the EMA20 trend line. When the RSI level continues to oscillate around 60, the XRP price could soar to $3.8-4.
DYOR! #Write2Earn #Write&Earn $XRP {spot}(XRPUSDT)