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Five Cryptos To Watch Ahead Of Trump’s Inauguration

Ahead of President-elect Trump’s inauguration on 20 January, 2025, five cryptocurrencies, including XRP, MAGA, Chainlink, Aave, and Bitcoin, are predicted for a bullish cycle.

We’re less than two weeks away from president-elect Donald Trump’s inauguration, which will take place on 20 January. A presidential inauguration is usually not a significant event for the crypto market. However, this year, the entire market is looking forward to the day. There are even prospects for a wider bull run to start around Trump’s inauguration.

Why is Trump’s inauguration a big event for the crypto market?

There are plenty of reasons for such assumptions. For instance, Trump’s entry into the office this time signals a major regulatory change for the US crypto industry. Since his re-election, several anti-crypto regulators, such as SEC’s Gary Gensler and CFTC Chair Rostin Behnam, have resigned. The president-elect has already nominated several pro-crypto leaders in influential positions.

At the same time, he appointed David Sacks the first-ever White House Crypto Czar. So, there is lingering optimism surrounding his entry into the office.

Most notably, several crypto companies have donated handsomely to Trump’s inauguration event. There have been reports of at least a $10million donation from US crypto companies or leaders to the presidential inauguration event. This includes big names such as Ripple, Coinbase, Kraken, Moonpay, and more. Such companies have already spent over $200m on Trump’s campaign during the election season.

These donations come with special perks. The investors will have opportunities for personal meetings and dinners with the new president throughout the inauguration day and the first week of the administration. This means companies can pledge their concerns, recommendations, and proposals directly to Trump himself.

Cryptocurrencies that can rally on Trump’s inauguration

1. XRP

Ripple’s XRP is the most likely digital asset to enter another bullish phase around Trump’s inauguration. Since Trump’s election, XRP has gone up nearly 300% and reached its highest price in nearly six years. The altcoin has also exceeded $130billion in market cap, overtaking other altcoins like Solana and BNB on the charts.

As previously mentioned, Ripple made one of the largest donations to Trump’s inauguration event, with $5m pledged. Also, the company’s CEO, Brad Garlinghouse, had already met with Trump on several occasions before the inauguration. These developments only signal positive trends for Ripple and its altcoin.

Another major factor is the SEC’s changing stance. Gary Gensler, who has been leading the infamous lawsuit against XRP, is set to resign on Trump’s inauguration day. This might signal major developments in this long-running legal battle. Overall, all the external indicators and macroeconomic factors are in favor of XRP performing positively ahead of the event.

2. MAGA (TRUMP)

Meme coins always react to significant market events. Whether it’s a cultural phenomenon, a simple tweet from Elon Musk, or the Presidential inauguration. And it’s only evident that the meme coin modeled around Trump will likely perform well on his inauguration day.

MAGA Coin (TRUMP) is a meme coin inspired by Trump’s “Make America Great Again” slogan. Launched in 2023, it operates on the Ethereum blockchain and has gained attention for its blend of political branding and digital asset speculation. The meme coin has already gained significant momentum since Trump’s election victory. TRUMP is up by nearly 60% in a month and over 1,400% in a year.

Notably, Donald Trump’s publicly disclosed crypto wallet includes holdings of MAGA Coin. In August 2023, the coin’s founders transferred 580,000 TRUMP tokens to his wallet, which have appreciated significantly in value. So, the MAGA meme coin is certainly one to watch ahead of January 20.

3. Chainlink (LINK)

Chainlink is another project that has some Trump affiliation. World Liberty Financial Initiative (WLFI), a decentralized finance (DeFi) project backed by Donald Trump, recently made significant investments in the altcoin.

On 12 December 2024, WLFI purchased approximately $12m worth of digital assets, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).

By incorporating Chainlink’s decentralized oracle network, which is integrated into over 1,000 blockchain projects, WLFI aims to enhance the reliability and security of its platform. The partnership with Chainlink is expected to enable accurate on-chain data and cross-chain connectivity, which are essential for the seamless operation of DeFi services.

4. Aave (AAVE)

Just like Chainlink, Trum-backed World Liberity Financial also invested in Aave. However, the project’s integration of altcoin has gone further. In October 2024, WLFI submitted a governance proposal to integrate Aave V3 on the Ethereum mainnet. This integration aims to enhance liquidity for assets such as stablecoins, Ether, and Wrapped Bitcoin (WBTC) within the WLFI ecosystem.

In December 2024, WLFI’s multisignature wallet purchased approximately $1m worth of Aave’s native token, AAVE, acquiring 3,357 tokens at an average price of $297.8. This strategic investment reflects WLFI’s commitment to leveraging Aave’s technology for its DeFi services.

Following the purchase, AAVE’s price surged by nearly 20%, reflecting market confidence in the collaboration between WLFI and Aave. Therefore, AAVE is one of the potential altcoins to watch ahead of inauguration day.

5. Bitcoin

Bitcoin is already in a bullish phase and the upcoming regulatory changes will likely drive this cycle further. Bitcoin’s price has recently surpassed $100,000, driven by investor optimism surrounding president-elect Donald Trump’s inauguration.

Trump’s administration is expected to implement crypto-friendly policies, including favorable regulations and the establishment of a national Bitcoin reserve. These anticipated policies have increased investor confidence, contributing to Bitcoin’s price surge.

However, some experts caution that the market may have overestimated the impact of potential policy changes, suggesting that Bitcoin could face a sharp decline if expectations are not met.

Therefore, while the current optimism has driven prices up, the market remains volatile, and investors should exercise caution.

Final thoughts

While Trump’s inauguration on 20 January is fueling optimism for a bullish crypto cycle, investors should exercise caution. The market’s inherent volatility, amplified by speculative trading and shifting regulatory expectations, could lead to unpredictable price swings. Strategic risk management remains essential.

Mohammad Shahid @ CryptoManiaks
Mohammad Shahid

Mohammad is an experienced crypto writer with a specialisation in cybersecurity. He covers a wide variety of topics spanning everything from blockchain and Web3 to the retail crypto space. He has also worked for several start-ups and ICOs, gaining insight into the mindset and motivation of the founders behind the projects.