Trump’s Crypto Tsunami: 3 Altcoins Set to Explode in Final January Showdown!

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Amidst an increase in crypto market activity hours prior to Donald Trump’s inauguration, there’s growing interest in crucial alternative coins that might experience substantial fluctuations in the upcoming days.

With Trump’s inauguration approaching, BeInCrypto identifies three cryptocurrencies poised for growth as the market adapts to potential changes under his leadership.

OFFICIAL TRUMP (TRUMP)

This week, keep an eye on the meme coin TRUMP, which operates on the Solana platform, as Donald Trump returns to office. Currently, it’s trading at $56.83 per unit, marking a 30% surge in value over the last 24 hours.

Looking at the daily TRUMP/USD chart, it appears that the meme coin has been overextended and might experience a price drop in the near future. This trend is hinted by its Relative Strength Index (RSI), currently standing at 98.59 as we speak.

This tool evaluates whether an investment’s market position is excessively bought (overbought) or sold (oversold). It varies from 0 to 100, where figures higher than 70 signal the asset is overbought, potentially requiring a downward adjustment. Conversely, numbers lower than 30 indicate the asset may be oversold, possibly leading to an increase in value.

When Trump’s Relative Strength Index (RSI) reaches 98.59, it indicates that the meme coin has significantly exceeded its normal levels and might be ready for a decline. Such a dip could potentially lower Trump’s price to around $31.64.

If the positive momentum continues, the meme coin’s price might return to its peak of $78 again.

Solana (SOL)

This week, it’s worth keeping an eye on Solana (SOL), a significant alternative coin alongside others. The buzz surrounding its blockchain is centered around TRUMP, the meme coin currently residing there, making its progress noteworthy.

Due to increased activity on the Solana network after the launch of TRUMP, the price of SOL reached an all-time high of $295.83 on January 19. But as the value of TRUMP decreases, SOL has experienced a drop in its own worth. Currently, the altcoin is being traded at $267.18, marking a 4% decrease over the past 24 hours.

As selling pressure intensifies, it seems likely that Solana (SOL) could continue dropping in the coming days, possibly leading to a decrease in its value down to approximately $239.39.

If the market’s attitude becomes more positive, there’s a possibility that the value of SOL may return to its record high and even try to surge past it further.

XRP

This week, XRP could be a noteworthy altcoin to keep an eye on. It’s one of the digital currencies that might constitute Donald Trump’s proposed “America-first strategic reserve” of cryptocurrencies.

Currently, the value of the altcoin stands at $3.24, representing a 38% increase over the last seven days. Looking at the daily graph, XRP continues to stay above the supportive green line of its Super Trend indicator, offering dynamic support at approximately $2.56.

This tool monitors whether an asset’s price is rising or falling, and how intensely it’s doing so. On the price graph, it appears as a line that changes hue to indicate the present market movement; it turns green when the trend is upward and red when it’s downward.

When an asset’s cost exceeds its Super Trend line, it suggests a bullish movement is taking place, implying that purchases are more frequent than sell-offs among investors. If this upward trend continues, Ripple (XRP) could potentially regain its long-term peak value of $3.41.

In other words, if there’s an increase in selling, it might lead to a drop in price, potentially causing XRP to fall to around $2.56.

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2025-01-20 13:32