Several weeks after the latest U.S. election cycle, the crypto market has found a new hope, with its market cap well above $3.2 trillion, and $BTC reaching its new ATH just below the $95k mark.
This changing of the guard has introduced a new focus on economic policy and innovation, opening doors for many new projects and opportunities in the market.
Building Confidence with More Transparency
If you can’t defeat them, join them. It’s no secret that Trump’s relationship with crypto has seen a complete overhaul, but put the past aside.
On the campaign trail, Trump promised to transform the U.S. into the crypto capital of the planet, and since then, $BTC jumped over its ATH with many analysts suggesting that it could surpass the $100k mark by the end of the month.
Of course, for investors, it just means more projects to make money. Since the last cycle has brought some serious gains, many are now looking to be ready for the December bull run, which might break all records and set new standards in the market.
But with the current prices already high, many investors are now seeking new options among the best meme coins.
Even though they started as funny but unprofitable projects, actually meant to be just for fun, has now turned into an above $130 billion market cap investment opportunity. While the majority of these projects even now begin as funny jokes, a certain amount of them actually face some bigger profits.
Popular memes such as Dogecoin and Pepe have been taking all the attention for a long time – but right now, seasoned investors are turning to new presale tokens, as they believe they could face bigger profits if they get in early and take advantage of discounted prices.
When you see the media hype you know it’s real, money speaks.
Bitcoin and Ethereum Lead the Charge as Always
The numbers don’t lie. Besides the Bitcoin jump, we also saw Ethereum 27.8% up in the last two weeks, further boosting investor confidence. As of now, the CoinMarketCap data shows that Ethereum (ETH) is priced at $3,097 with a market capitalization of $373 billion.
Meanwhile, altcoins like Solana and Polygon followed suit, with 11% and 8% growth, but that’s something we all expected with current trends.
U.S. Crypto Policy Shouldn’t Bring That Much Noise
The SEC’s Gary Gensler is on thin ice now. We all remember the lawsuits against Binance and Coinbase, where he argued about exchange policies. After that, the industry pulled back, either scaling down, putting projects on ice, or moving operations overseas.
Money is drying up too – crypto startups are raising half as much as they did last year. Change, though, is en route. Trump’s administration plans to replace Gensler at the SEC with a regulator more in tune with what the industry is building.
What’s more, the president-elect has promised tax breaks for firms that build products on blockchain networks domiciled in the United States. When those policies are enacted, more startups can build their products at home instead of searching for other options, moving the market further forward.
Trump Media Eyes Bakkt Acquisition Amid Crypto Expansion
Trump Media, is in advanced talks to buy crypto firm Bakkt, with shares of both companies surging on Monday, making the story more interesting.
Donald Trump’s majority-owned media company Trump Media surged 16% on the Nasdaq as DJT while Bakkt surged over 162% despite trade halts due to volatility. Only founded in 2018 by Intercontinental Exchange (ICE), Bakkt has also had to face its share of challenges such as warnings this year of being delisted from the NYSE.
The acquisition highlights Trump’s growing crypto ambitions. Weeks before the election, he launched a crypto venture, World Liberty Financial, securing 75% of net revenue from its token.
With Bakkt’s quarterly revenue at $328.4 million but an operating loss of $27.4 million, this deal could be an important moment for both entities as Trump prepares to re-enter the White House.
Musk’s Role in Trump’s Department of Government Efficiency
Every story needs a hero and Elon Musk is trying to be one for Trump, with a projected role in the newly created Department of Government Efficiency. The department should operate outside of official government channels, providing only “advice and guidance.”
Experts say such wholesale cuts ordered by the government might meet resistance in Congress and result in serious interruptions to services. And speaking on that, Musk says he is aware that some hardships may arise but believes these are small sacrifices compared to the long-term gain.
But where is this all taking us?
Musk’s Plan for Financial Decentralization
Musk is boosting his favorite Dogecoin once again, this time working in collaboration with political figure Vivek Ramaswamy. In the event of a Trump administration, Dogecoin will be the harbinger of financial decentralization and innovation—precisely as Musk envisioned.
It’s not hype that keeps Dogecoin going, it tears down barriers regularly. Approaching $0.5, the token does have analysts murmuring about its potential to reach up to $0.8.
Add this to the power of all famous supporters of the token, and Dogecoin really feels like it’s stepping into a new era of credibility.
But the same can be said for the whole industry. The growth is out there, with Elon Musk and Trump’s administration looking to stir the market.
