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5 Cryptos That Could 2X Before Trump’s Inauguration On January 20
With Donald Trump’s inauguration fast approaching, there are some cryptos that investors should be looking to have in their portfolio. This is based on the fact that these coins could record a two times increase in their price, considering the president-elect’s pro-crypto stance.
Cryptos To Hold Ahead Of Donald Trump’s Inauguration
The US is set to have its first pro-crypto president as Donald Trump takes office on January 20. This is a huge positive for the crypto industry and some coins are well primed to enjoy a 2x price increase. Let’s explore them.
Aave (AAVE)
Aave (AAVE) continues to lead the way as one of the best DeFi coins around. The crypto has had a great year with a year-to-date (YTD) gain of 196% and canalysts have suggested that it could still enjoy a parabolic rally from its current level.
In an X post, crypto analyst Bluntz Capital stated that AAVE is holding up “extremely” well, especially on the Bitcoin pair. He added that the DeFi renaissance feels real this time. Meanwhile, crypto analyst predicted that the next target for the DeFi token is $530. A rally to this target could pave for AAVE to reach its ATH of $666, which represents a 2x increase from its current price.
NebulaStride Token (NST)
NebulaStride is another crypto that could easily witness 2x price increase before Donald Trump’s inauguration. Infact, the coin could even joy more parabolic gains than the others on this list, considering that it has more room to upside as a newer token.
NebulaStride is still in its presale stage and is easily at an affordable price of $0.02, so investors have the opportunity to be early and enjoy maximum gains. The crypto project’s fundamentals paint a bullish for the NST token, as NebulaStride is revolutionizing the finance space with its smart contract functionality.
Hedera (HBAR)
Hedera (HBAR) is in a good position at the moment, as both fundamentals and technical analysis paint a bullish picture for the crypto. From a fundamentals perspective, Bloomberg analysts predict that a Hedera ETF could gain approval before the Solana and XRP ETFs.
From a technical analysis perspective, crypto analyst Globe of Crypto stated that Hedera is looking well prepared to break a bullish pennant. The analyst added that a successful breakout can provide a 40% to 50% bullish wave in the short term for the HBAR price.
Ethena (ENA)
Ethena (ENA) is a another coin that could record a 2x price increase before Donald Trump’s inauguration. This is a huge possibility, considering the crypto’s ties to the Donald Trump’s World Liberty Financial (WLFI).
Ethena recently announced that it has partnered with WLFI to boost stablecoin liquidity and rewards by adding sUSDe as a core collateral on Aave. This ENA price surged on the back of this announcement and is the one of the few coins that was in the green despite the recent crypto market crash.
Tron (TRX)
Like Ethena, Tron (TRX) could also benefit from its ties to Donald Trump’s WLFI and record a 2x price increase before the president-elect’s inauguration. Specifically, Tron’s founder Justin Sun is an adviser for the WLFI and invest $30 million in the project’s tokens.
The TRX price recently hit a new all-time (ATH) and could easily reach a new high again, if investors begin to accumulate the coin as a way to position themselves for the crypto boom under Donald Trump’s administration.
Conclusion
Ahead of Donald Trump’s inauguration, these cryptos are already showing signs that they could soon record a parabolic rally. AAVE, HBAR, TRX, and ENA target new highs while NST stands out as one that could even witness up to 10x increase.
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.
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