Emily Walker
It’s surprising, given his track record of leading businesses to bankruptcy – even a casino – that people are looking to President-elect Donald Trump for financial advice. Nevertheless, here we are.
As cryptocurrencies experience slight declines during the holidays, Trump is seizing the moment to enhance his investments. Here’s a look at the top altcoins and meme coins worth your attention right now.
Since the US election, the cryptocurrency market has seen rapid fluctuations, with Bitcoin peaking at $106,278.24 and Ethereum reaching $4,046.24. However, it seems to be stabilizing now, with Bitcoin seeing a drop of 9.5% and the overall crypto market down by approximately 12%, as indicated by adjustments in the Fear and Greed Index.
From Extreme Greed to Balanced Perspectives
The Crypto Fear and Greed Index gauges whether market sentiment is governed by fear or greed, with a scale ranging from 0 (extreme fear) to 100 (extreme greed).
Post-Trump’s election victory in November, the index soared into the 90s, suggesting rampant greed. However, as of now, the index rests at 54. This signals potential buying opportunities.
Trump’s World Liberty Financial Treasury made the move to capitalize on the crypto price drop, purchasing $2.5M worth of Ethereum, boosting total holdings to $50.5M. While not everyone can afford such investments, buying during dips is a wise strategy if you’re aiming to strengthen your crypto portfolio ahead of a likely market upswing during the presidential inauguration.
Prepare for Upcoming Market Shifts
However, get ready for some turbulence before that happens. On December 27, a significant options expiry event will occur in crypto, with over $19.8 billion in Bitcoin options set to expire. As traders adjust their positions to mitigate losses, expect short-term price swings for both Bitcoin and Ethereum, which might prompt you to reconsider your investments.
In this generally optimistic market, any fluctuations should be temporary. With a crypto-friendly president soon to be in office, the market is likely to rebound shortly. Hence, it might be wise to refrain from rushing to cash out.
Key Altcoins to Consider
Consider following Trump’s lead by exploring the lower prices in the crypto market or diversifying into the current Altcoin trend. With appealing presale prices and attractive staking percentages, low-cap meme coins have significant short-term growth potential. Here are some meme coins to keep an eye on:
- Wall Street Pepe ($WEPE) is currently priced at $0.0003653 (expected to rise today), with an impressive staking APY of 38%. It’s clear that this trend is gaining traction.
- Solaxy ($SOLX) is valued at $0.001576 (price set to increase tomorrow) and boasts a staggering staking APY of 857%.
- Flockerz ($FLOCK) is on the rise as well, with its current token price at $0.006504 and a staking APY of 364%.
- Best Wallet Token ($BEST), linked to the Best Wallet platform, is currently valued at $0.023325, with a price increase expected within two days. Its staking APY is 8%.
- Meme Index ($MEMEX) positions itself as the “world’s first decentralized meme coin index,” offering a token price of $0.0145702 and a phenomenal staking APY of 5,636% (no typo here).
- CatSlap ($SLAP) has attracted degen investors due to its engaging model, currently priced at $0.00336082 with a staking APY of 40%.
- SpongeV2 ($SPONGE) has succeeded SpongeV1, claiming a 32% price increase. Each token is currently valued at $0.000008, with a staking APY of 15%.
Understanding Price Changes is Key
Price declines are a normal part of investment cycles and significant drops can understandably raise alarms. However, the current gradual price shifts signify the market’s adjustment to more stable levels, creating an optimal window for additional crypto purchases before anticipated rise.
As a final note, please keep in mind these important disclaimers: predictions can’t be guaranteed. Always conduct thorough research from various sources. Importantly, never invest more than you can afford to lose.