Top 5 Cryptos to Watch in 2024 Election – How the Policies of Donald Trump Could Impact BTC, ETH, XRP, and DOGE

Explore the top 5 cryptocurrencies to monitor as the 2024 election approaches. Learn how Donald Trump’s policies could influence the crypto community, including major assets like BTC, ETH, XRP, and DOGE. Stay informed with the latest crypto news and insights.

As the 2024 election approaches, the cryptocurrency community is closely monitoring how the potential comeback of Donald Trump, an advocate for digital coins, could reshape the digital currency landscape. Trump’s outspoken support for cryptocurrencies has sparked interest in what his policies might mean for key assets like Bitcoin, Ethereum, Ripple, and Dogecoin. 

Whether you’re a seasoned cryptocurrency enthusiast or just getting started, it’s worth staying updated with the latest crypto news. This piece offers an overview of promising cryptos to watch before the 2024 election. Understanding their strengths and potential can help you make informed moves.

Minotaurus ($MTAUR) – A Low-Cost Entry into the $14.78 Billion Market

Let’s kickstart our exploration with a newcomer, Minotaurus ($MTAUR). This project revolves around an immersive runner game based on Greek mythology. Here, you play the part of a Minotaur and must find your way through complex labyrinths. Hybrid casual games like this one are fueling a boom in market activity and downloads, which shows that the casual gaming sector is developing dramatically and in accordance with market trends. The project behind the game is powered by the $MTAUR token, which is central to the experience on several levels. It was developed on the BNB network.

Additional characters, abilities, mini-games, in-game purchases, and more may be yours with the use of these tokens. With an initial market worth of $5.6 million and a supply of 100 billion tokens, this altcoin is well-positioned for even more growth. If Donald Trump becomes the president, the favorable cryptocurrency environment would benefit the project further.  

There were no issues discovered after SolidProof’s or Coinsult’s audits. The team behind this project is remarkable. You can find more about the advantages from the official website, don’t miss the amazing 77% savings over the projected listing price of $0.00020 while Minotaurus (MTAUR) is still at $0.000046. On top of that, early buyers can count on vesting and referral incentives.

Bitcoin (BTC) Price – Is a Big Move Around the Corner?

Next up is Bitcoin, the world’s leading cryptocurrency. It has been relatively stable recently, with the market showing signs of consolidation. Some experts suggest that this could be a precursor to a significant price movement. Over the past year, the number of Bitcoin millionaires has surged by 110%, indicating that many holders are still banking on the long-term potential of BTC price. Despite a recent 10% dip, analysts believe this could be a brief pause before Bitcoin takes off again.

If Trump wins the 2024 election, his policies could create the perfect storm for BTC price to rally. Trump has consistently criticized the Federal Reserve’s policies, particularly regarding interest rates, which he believes should be lower. A Trump-led administration might push for a weaker dollar to boost U.S. exports, which could make Bitcoin more attractive as a hedge against inflation and currency devaluation. Moreover, Trump’s pro-deregulation stance could reduce regulatory pressures on Bitcoin, probably leading to higher adoption rates. If the BTC price can break through resistance levels at $66,498 and $74,028, we could witness new all-time highs, setting the stage for another Bitcoin bull run. For those holding or considering entering the market, this could be a time of opportunity in the upcoming months.

Ethereum (ETH) Price – Could Trump’s Policies Help It Rise?

Moving on to Ethereum, the second-largest cryptocurrency by market cap. It has been trying to recover its footing, with prices fluctuating between $2,435 and $2,558. Ethereum’s success is closely tied to its role in supporting decentralized finance (DeFi) and smart contracts, both of which could thrive under a Donald Trump administration that favors less regulation.

A key area where Ethereum stands out is in the world of NFTs (Non-Fungible Tokens), unique digital assets often linked to art, music, or virtual items. Most NFTs are built on Ethereum’s blockchain, leveraging its smart contracts. If Trump’s policies support innovation in the tech sector, we could see increased activity in the NFT market, driving more usage of the Ethereum platform. However, to truly capitalize on these opportunities, the ETH price needs to break through a key resistance level at $3,132. For holders and creators involved in the NFT space, this could signal a period of growth and innovation. As more crypto news highlights the ETH price movement, staying informed will be crucial for those looking to make the most of this future trend. Strong market interest in NFTs will probably continue to drive demand for Ethereum and, therefore, the ETH price could progress.

Ripple (XRP) – Could Donald Trump Trigger a Bull Run?

Next, we have Ripple on our list of coins to watch. It has been worth between $0.545 and $0.572, and there’s growing speculation about a potential bull run. Ripple is unique in the cryptocurrency space due to its focus on facilitating cross-border payments, which has made XRP a key player in the financial sector.

If Trump’s policies advocate for deregulation, Ripple could see substantial benefits. As per recent crypto news, Donald Trump has expressed interest in reducing red tape for businesses, which could include easing the regulatory environment for cryptocurrencies. This could be particularly beneficial for Ripple, which has faced ongoing legal challenges. A more cryptocurrency-friendly regulator under a Trump administration might settle the legal uncertainties, opening the door for broader adoption by financial institutions. If Ripple can break through resistance at $0.665 and $0.763, it could see a significant price spike, potentially restoring XRP to its former glory. Many cryptocurrency advocates are optimistic about Ripple’s future, especially with Trump’s potential support as President. The backing of Ripple’s community will probably play a crucial role in its continued success.

Dogecoin (DOGE) Price – Could a Breakout Be Coming?

Wrapping up our selection is Dogecoin, the meme coin that enjoys its time in the limelight and even has a whole host of strong competitors. The DOGE price is now between $0.094 and $0.100. While it started as a joke, Dogecoin has built a loyal community, and some analysts believe it might be gearing up for a breakout.

Trump’s positive stance on cryptocurrencies could be the catalyst DOGE price needs to see significant growth. Trump’s support for deregulation could lower barriers for cryptocurrency exchanges and payment platforms to list and use Dogecoin, increasing its accessibility and appeal. The social media buzz around Dogecoin, often fueled by high-profile endorsements, could get even more traction if the policy agenda of the former President creates a more favorable environment for speculative assets. If it can break past key resistance levels at $0.146 and $0.171, it could potentially double in price, much to the delight of its passionate community. Cryptocurrency advocates believe that with Donald Trump as President, Dogecoin could reach new heights, and the DOGE price could become a regular topic in crypto news. Community support might be a major driver of Dogecoin’s potential growth.

Conclusion

With the 2024 election fast approaching, it’s clear that the policy frameworks of Donald Trump featured in crypto news could significantly impact the market. Whether it’s Bitcoin, Ethereum, Ripple, or Dogecoin, these assets stand to benefit from a Donald Trump administration that seems to be an advocate of deregulation and economic reform. Among the cryptocurrencies to watch as the 2024 president election nears, $MTAUR seems to be a standout. If offers an affordable entry into a booming casual sector, and the upsides for the community of holders could be significant.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.