Altcoin
Why Dogecoin May Benefit Most From A Donald Trump Victory
The Dogecoin price is the biggest gainer among the top cryptos by market cap on the eve of the US election. This says a lot about how the foremost meme coin could benefit most from a potential Donald Trump victory, especially with Elon Musk’s involvement.
Why Dogecoin Could Benefit The Most If Donald Trump Wins
Crypto analysts have provided a bullish outlook for Dogecoin and suggested that the meme coin is in the best position to benefit from Donald Trump’s potential win in the US presidential elections. In an X post, crypto analyst and trader Satoshi Flipper predicted that the top meme coin could rise to $1 if Trump wins.
He made this prediction while remarking that Elon Musk and the US government (under the Trump administration) will post above about the Department of Government Efficiency (D.O.G.E) non-stop for the next four years. Musk’s proposed D.O.G.E has pumped the DOGE price several times, especially whenever the world’s richest man referred to it, including at a Pennsylvania town hall last month.
D.O.G.E, a term Musk coined, could be his way of indirectly shilling the meme coin in this bull run. The world’s richest man has never hidden his fondness for the meme coin because he likes memes and dogs.
Interestingly, Musk recently posted a meme in which he joked about mainstream media having to cover D.O.G.E. At the same time, he remains silent and doesn’t even have to shill the meme coin since the media will be doing the job for him. Dogecoin co-founder Billy Markus replied to the post, saying that was why he is most excited about a potential Trump victory.
DOGE is The Most “Strategically Positioned” Crypto
In an X post, Crypto analyst Master Kenobi said that he believes Dogecoin is the most strategically positioned crypto asset. He mentioned Elon Musk’s D.O.G.E proposal and alluded to its impact on the meme coin. He remarked that the department could indirectly impact the meme coin, which the analyst claimed would be “super interesting and super funny.”
Master Kenobi further asserted that he is confident that Elon Musk will make other bold moves regarding how he shills Dogecoin in this bull market. The analyst envisages a scenario where Musk puts a DOGE sticker on SpaceX and sends the meme coin literally to the moon.
Meanwhile, crypto analyst Kevin Capital revealed a bullish pattern forming on DOGE’s chart ahead of the US election. The analyst noted that the daily and weekly golden cross is pending for the meme coin right before a potential Trump victory and implementation of the D.O.G.E. department.
In the meantime, these bullish patterns forming for DOGE and the price rally ahead of the US elections show that traders are betting massively on the meme coin being one of, if not the biggest, gainers from a Donald Trump victory.
The latest Polymarket data shows that Trump’s odds of winning have surged just before tomorrow’s elections. The former US president has a 57.7% chance of becoming the next president. Meanwhile, Kamala Harris’ odds are at 42.3%.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
XRP price is showing strong bullish momentum, with analysts pointing to key resistance levels that could determine its next major move. Recent technical analysis indicates that the Ripple token has successfully broken through its 4-hour resistance level, strengthening the case for a continued rally.
Analysts suggest that the top altcoin must surpass the critical resistance at $3.3999 to confirm further movement beyond the $5 mark.
XRP Price Eyes $5.85 Target as Momentum Builds – Key Levels to Watch
According to Dark Defender, XRP price has broken its 4-hour resistance, indicating an increase in buying pressure. The token must now surpass the key resistance level at $3.3999 to confirm a continuation of the bullish trend. A successful breakout could trigger a rapid price move toward higher levels.
The current support level for the Ripple token is at $2.22. Holding above this point is crucial for maintaining bullish momentum. If the token remains above support and surpasses resistance, analysts predict a price move toward $3.80, followed by a potential surge to $5.85. This scenario would align with a broader breakout pattern in the altcoin market.
Moreover, the Relative Strength Index (RSI) has formed a Golden Cross, a technical pattern that often signals strong upward momentum. This development suggests that XRP price could continue to rise as buying pressure intensifies.
If XRP maintains its bullish structure, the RSI could remain in an optimal range before reaching overbought conditions. This would allow further price gains before a potential pullback.
CasiTrades Analysis: Ripple Token Approaching Resistance
Additionally, analyst CasiTrades has identified a key trading range for XRP price, with support at $2.57 and immediate resistance at $2.70. The token has re-entered its previous consolidation pattern and is testing the upper trendline. A breakout from this range could lead to further gains.
The Fibonacci retracement levels indicate additional support zones at $2.48 and $2.42. If XRP price holds above these levels, the bullish trend remains intact. A confirmed breakout above $2.70 could accelerate price movement toward the next resistance at $3.05. Beyond this level, analysts anticipate XRP to test $3.40, aligning with a broader market uptrend.
Price Breakout Could Lead to an Altcoin Rally
The current market structure suggests that XRP is positioned for a potential breakout, which could contribute to a broader altcoin rally.
Moreover, following the recent inclusion of the Ripple token in the Strategic Reserve, XRP price could rally significantly, fueling bullish momentum in the altcoin space. While some analysts predict a more conservative target between $8 and $320, Crypto Pal’s bullish projection suggests a potential surge to $10,000 or beyond.
Meanwhile, CryptoQuant CEO Ki Young Ju has pointed out that the rising demand for stablecoins could be a key catalyst for an upcoming altcoin season. He argues that Bitcoin dominance is no longer the sole indicator of market shifts, emphasizing that trading volume now serves as a more reliable metric.
At press time, XRP price $2.61, reflecting a 7% increase in the past 24 hours. Despite a drop in 24-hour trading volume to $6.35 billion, its market cap has surged to $151.44 billion.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Donald Trump’s World Liberty Financial (WLFI) has partnered with the Sui network to create a SUI Strategic Reserve. The DeFi project will also collaborate with the layer-1 blockchain on other development opportunities.
World Liberty Financial Partners With Sui To Create Strategic Reserve
In a blog post, Sui announced that it has collaborated with Trump’s World Liberty Financial. As part of the collaboration, WLFI plans to add SUI to its Strategic Reserve, a move to help boost leading projects. Commenting on this partnership, the DeFi project’s Web3 Ambassador stated they are excited to work with Sui and explore the innovative opportunities this collaboration presents.
World Liberty Financial’s co-founder Zak Folkman said,
We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans. Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision.
Evang Cheng, the original contributor to Sui, also commented on this collaboration. He said they are thrilled that the DeFi project has agreed to explore collaboration with the layer-1 network.
He further remarked that they believe that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses assets. According to him, both projects share a vision of a future where people take back control of their “finances, creations, and online agency,” and their collaboration will make this a reality faster.
This development comes just days after US President Donald Trump announced the US Strategic Reserve, including coins like Ethereum, Solana, XRP, and Cardano. Although the president didn’t mention SUI, there is the possibility of the altcoin being in the reserve as he added that the initiative would include other “valuable cryptocurrencies.”
SUI Price Surges
The SUI price has surged over 13% on the back of World Liberty Financial’s decision to create a Strategic SUI Reserve. This development undoubtedly provides a bullish outlook for the cryptocurrency.
Crypto analyst Captain Faibik stated that SUI is getting ready for a massive bullish rally. He added that a successful breakout could send the coin to a new all-time high (ATH) in the coming weeks. His accompanying chart showed that the SUI price could rally to as high as $5.7 as it targets a new ATH.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
265Dots AG launched a platform, pioneering an investment group to connect institutional investors, family offices, and asset managers with the Polkadot ecosystem.
With a strong emphasis on regulatory compliance and investor education, 265Dots provides a gateway for traditional finance (TradFi) players looking to explore Web3 opportunities.
265Dots To Bridge TradFi and Web3 on Polkadot
265Dots, with experience in capital markets and crypto ecosystem building, aims to facilitate institutional adoption. The platform will offer financial products and services tailored for accredited investors on Polkadot.
With a team of industry experts from TradFi and the crypto sector, 265Dots will collaborate with institutions seeking exposure to the Polkadot ecosystem. The firm offers Over-The-Counter (OTC) services, collaborating with ETF and ETP (Exchange-Traded Products and Exchange-Traded Funds, respectively) issuers.
It will also work with Actively Managed Certificates (AMCs) to ensure compliant and regulated investor access to Polkadot-based assets. In a statement shared with BeInCrypto, Wilhelm Roth, founder and CEO of 265Dots, emphasized the firm’s commitment to institutional engagement.
“At 265Dots, we are committed to bridging the gap between the Polkadot ecosystem and institutional investors by making it easier for institutions to explore the benefits of DOT and engage with the broader ecosystem. DOT is positioned in a unique spot in the crypto ecosystem. As one of the most significant parties, both by size and scope of development and products, 265Dots sees the potential and its role to drive sophisticated financial products for accredited and institutional investors,” Roth stated.
This development comes amid rising institutional interest in blockchain technology, with Polkadot emerging as a compelling alternative to Bitcoin and Ethereum. This was evident from the applications for Polkadot ETF, with interest expressed by 21Shares, among others. Barely a week ago, Nasdaq sought SEC approval for Grayscale’s Polkadot ETF.
Growing Appeal of Polkadot for Institutional Investors
Polkadot is known for its novel multi-chain framework, positioning itself as a scalable and secure blockchain network. Its design allows interoperability between blockchains, enabling seamless transactions and fostering innovation.
Crypto assets have also demonstrated their ability to enhance portfolio diversification. Non-sovereign and decentralized assets now serve as a hedge against regionally bound investments. Institutions could increasingly incorporate Polkadot into structured financial products as regulatory clarity improves.
Polkadot Ambassador Max Rebol recently explained to BeInCrypto that Polkadot is the equivalent of Amazon Web Services (AWS) for Web3. He highlighted its potential to revolutionize industries such as gaming and government services. Rebol’s insights reinforce Polkadot’s role as a fundamental infrastructure layer for the next generation of blockchain applications.
Meanwhile, Polkadot’s major upgrade, Polkadot 2.0, is expected to launch in Q1 2025. The upgrade is expected to introduce significant improvements in scalability, governance, and efficiency, which could strengthen Polkadot’s appeal to institutional investors further.
BeInCrypto data shows that Polkadot’s price has only increased by a modest 2.82% since Thursday’s session opened. As of this writing, DOT was trading at $4.54.
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