3 coins that could surge after Trump-Musk takes office
The cryptocurrency market is green as Trump officially takes over the White House. In partnership with Musk, Trump has ushered in a pro-crypto era for the world to witness, adding a new flavor to the US political arena. As Trump prepares to officially take office as president on January 20, these three coins could surge, ushering in positive momentum in the crypto space.
Three Cryptocurrencies to Hold Now for the Best Future Returns
Dogecoin
Dogecoin is poised for a market rally after the Musk-Trump duo took over the White House. While Trump is considering embedding a comprehensive cryptocurrency framework for the industry to thrive, Musk, with his role in the DOGE division, could usher in a new era for Dogecoin. Doge could see an incredible rally once the division officially takes over, helping it reach new highs.
According to CoinCodex , Dogecoin could soar to $0.78 by February 2025.
Bitcoin
Bitcoin, the central cryptocurrency at the core of the Web3 world, could receive a lot of attention when Trump takes office. The president-elect is now thinking about creating an official Bitcoin reserve, which could push the token to new highs. Trump’s cryptocurrency plan also includes turning the United States into a cryptocurrency hub, which could further boost Bitcoin prices.
“If I am elected, it will be the policy of my administration, the United States of America, to retain 100% of the bitcoins that the United States government currently holds or acquires in the future,” he said .
According to CoinCodex, Bitcoin could hit $123,000 by February 1, 2025.
XRP
Trump’s leadership has begun to show its impact. Gary Gensler, the chairman of the US SEC, has decided to resign, which was one of the top items on the president’s agenda to address immediately. The aforementioned development has begun to show its impact as XRP surged 20% following the news of Gensler’s resignation in January. After Trump’s inauguration, the policies put forward by Trump and Musk could officially bring new elements to the market, creating more enthusiasm for XRP prices.
According to CoinCodex , XRP could spike to $1.74 by February 2025. The price could then hit $2 by April 2025.