Bitcoin, Dogecoin, Shiba Inu, or XRP: Which Crypto Will Gain the Most on Trump's Inauguration Day?
Saturday, Jan 18, 2025 11:12 am ET
3min read As the world awaits the inauguration of President-elect Donald Trump, the cryptocurrency market is buzzing with anticipation. With Trump's pro-crypto stance and promises of favorable regulatory changes, investors are speculating on which cryptocurrencies will gain the most on his inauguration day. A recent poll revealed that 41% of respondents believe Bitcoin will lead the gains, while Dogecoin, Shiba Inu, and XRP also have their supporters.
Bitcoin, the world's largest cryptocurrency by market capitalization, has already seen significant gains in recent weeks. Its price has surged past the $100,000 mark, driven by expectations of a more favorable regulatory environment under the Trump administration. Analysts at H.C. Wainwright have even raised their price target for Bitcoin to $225,000 by the end of 2025, citing a more favorable regulatory environment and increased institutional adoption.
BTM Interval Closing Price
| Name |
|---|
| Date |
| Interval Closing Price(USD) |
| Bitcoin DepotBTM |
| 20231229-20250117 |
| 1.79 |
Dogecoin, the meme-based cryptocurrency, has also seen a resurgence in popularity, thanks in part to the support of high-profile figures like Elon Musk. With Trump's pro-crypto stance, investors are hoping that Dogecoin will continue to gain traction and potentially see significant gains on inauguration day.
Shiba Inu, another meme-based cryptocurrency, has also been making waves in the market. Its price has surged in recent months, driven by increased adoption and a growing community of supporters. While it may not have the same level of mainstream recognition as Bitcoin or Dogecoin, Shiba Inu's potential for growth is undeniable.
XRP, the native cryptocurrency of the Ripple network, has also been a subject of speculation. With Trump's promise to create a strategic bitcoin reserve, some investors are hoping that XRP will also be included in the government's strategic reserve, potentially driving up its price.
Ultimately, the cryptocurrency market is a complex and dynamic environment, and it's difficult to predict with certainty which cryptocurrency will gain the most on Trump's inauguration day. However, with Trump's pro-crypto stance and promises of favorable regulatory changes, investors are optimistic about the future of the cryptocurrency market. As the inauguration approaches, investors will be closely watching the market for any signs of significant gains in Bitcoin, Dogecoin, Shiba Inu, or XRP.
In conclusion, the cryptocurrency market is abuzz with anticipation as the inauguration of President-elect Donald Trump approaches. With his pro-crypto stance and promises of favorable regulatory changes, investors are speculating on which cryptocurrencies will gain the most on his inauguration day. While Bitcoin is the current favorite, Dogecoin, Shiba Inu, and XRP also have their supporters. As the market continues to evolve, investors will be closely watching for any signs of significant gains in these cryptocurrencies.
