The crypto market is firmly in the grips of the ongoing election frenzy.
Polymarket bettors anticipate a Trump victory on November 5th, with the pro-crypto candidate leading by over 30 points on the platform.
Experts suggest that the market is also factoring in a potential Trump win, which drove Bitcoin’s price to a high of $73,500 earlier this week.
Sidelined investors are looking to stack high-potential assets, anticipating a Republican victory to ignite a surge in crypto prices.
Best Crypto To Buy Now For A Trump Win
Polymarket odds suggest that Donald Trump is the favourite in the race for the White House, which is an extremely bullish scenario for the crypto industry.
Trump has promised to fire SEC Chair Gary Gensler, establish a Bitcoin Strategic Reserve and make the United States the crypto capital of the world. He has even established a cryptocurrency of its own, World Liberty Financial (WLFI).
Unsurprisingly, experts project that crypto prices will skyrocket in the event of a Trump victory.
In this article, we list the 7 best crypto to buy in order to reap the maximum returns following a Trump win.
Bitcoin (BTC)
A Trump win is expected to send the Bitcoin price soaring, with private wealth management group Bernstein projecting BTC to hit $90,000 in the aftermath.
Surprisingly, it is one of the more conservative projections. Both 10x Research and Bitwise CIO Matthew Hougan expect the Bitcoin price to cross $100,000 in early 2025.
After all, Donald Trump has promised to establish a Strategic BTC Reserve, which is an extremely bullish scenario for the largest cryptocurrency.
It is not without any reason that the world’s largest asset management firm BlackRock continues to increase its BTC holdings. BlackRock’s IBIT ETF followed a massive $642 million inflow on Tuesday with a record-high $872 million inflow on Wednesday, bringing its BTC AUM to $25.6 billion.
Consequently, Bitcoin remains a safe, high-potential asset to benefit from a Trump victory.
XRP (XRP)
XRP has been one of the biggest underperformers during this bull cycle. However, a Trump win could provide a major boost to its price trajectory, making it one of the best crypto to buy now.
XRP is currently trading at $0.511, nearly 86% below its all-time high. Its parent company Ripple’s continued legal battle with the United States Securities and Exchange Commission is one of the key reasons behind its underperformance.
After collecting a $125 million fine from Ripple for its illegal institutional sale, the SEC has appealed Judge Torres’ original decision, claiming that its programmatic sales also violated the Securities Act.
However, Donald Trump has promised to fire SEC Chair Gary Gensler. Moreover, he is likely to appoint a pro-crypto Chair, who could abandon the case against Ripple.
Consequently, a Trump win could send the XRP price soaring, potentially towards new all-time highs.
Dogecoin (DOGE)
The Dogecoin price has already been front-running a Trump win, rallying by nearly 50% over the past month.
It is hard to overstate how bullish a Donald Trump victory is expected to be for DOGE.
Elon Musk, Dogecoin’s biggest supporter, is firmly backing the former President’s reelection campaign and is expected to lead a government efficiency department in the new administration, which he has been calling the Department of Government Efficiency (D.O.G.E).
As such, the Dogecoin price chart shows a strong likelihood of a bullish breakout. Experts believe that a sustained close above the $0.20 price would result in a push towards new all-time highs.
History hints that November could spark a parabolic bull run for #Dogecoin $DOGE! Keep an eye out for a sustained close above $0.20. pic.twitter.com/8NOLo6Jjoh
— Ali (@ali_charts) October 30, 2024
MAGA Hat (MAGA)
A Trump victory would likely provide the biggest boost to a meme coin inspired by Donald Trump himself.
The PolitiFi sector has been in high demand during this bull cycle. For instance, MAGA (TRUMP) reached a peak market capitalization of $775 million earlier this year.
However, a new meme coin MAGA Hat (MAGA) has been underperforming TRUMP over the past few weeks, rallying by 170% over the past month.
There is a growing belief that MAGA Hat will flip TRUMP in the aftermath of a Donald Trump win next week.
However, it does come with substantial risk, considering it is a hyperpartisan project. If Kamala Harris wins on November 5th, the MAGA price will likely plummet.
FreeDum Fighters (DUM)
Contrary to the aforementioned PolitiFi projects, FreeDum Fighters (DUM) is a nonpartisan meme coin, making it one of the best crypto to buy in the event of a Trump win.
DUM is also in its presale phase, which allows investors to get in on the ground floor and reap the maximum returns. However, the meme coin is in high demand, having already raised over $370k in its ICO.
MAGA fans, hippies, rednecks, and commies 🇺🇸Freedum Fighters presale is coming! Get ready to make promises you won’t keep, ’cause $DUM is about to Make Crypto Great Again 💪 pic.twitter.com/ffJtkWzaMo
— FreeDum Fighters (@Freedum_Fighter) September 24, 2024
FreeDum Fighters is simulating the US Presidential race in an alternate, mechanized universe, providing an entertaining spin on the ongoing political frenzy. The project has two champions – MAGATRON and KAMACOP 9000, each with their own staking pool.
DUM holders can cast their vote by staking their coins in either pool and earning passive rewards. Alternatively, they can also participate in weekly engagement events like debates and win a secret airdrop if they win.
Unsurprisingly, smart money investors are impressed with DUM’s upside potential, with some prominent influencers eyeing up to 25x returns from it.
Visit FreeDum Fighters Presale
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Source: https://cryptodaily.co.uk/2024/10/5-best-crypto-to-buy-now-ahead-of-a-donald-trump-victory