Cryptos Hitting Highs After the US Election: Coins to Watch

Article Contributors

Which Coins Are Worth Investing In Now?

Bitcoin	PNUT	Pepe	BONK

1. Bitcoin: Leading the Charge

Bitcoin, the flagship cryptocurrency, has seen its value skyrocket since November 5, 2024. On election day, Bitcoin was trading around $67,000. By November 6, it surged to an all-time high of $75,395, an increase of nearly 12.5% in just 24 hours. The momentum continued, with Bitcoin peaking at $92,800 on November 13, a staggering 38% rise since the election results were announced.

2. PNUT: The Meme coin Phenomenon

The newly listed memecoin PNUT has captured significant attention in the crypto community. Starting from $0.045 on November 5, it quickly climbed to $0.11 within a day and reached an astonishing $1.80 by November 13—over a 3,900% increase in just 8 days. A strong indication of the susceptibility of meme coins to market sentiment following Trump's victory.

3. Pepe: A Noteworthy Contender

Pepe Coin joined the rally with an impressive 104% surge in value within just 24 hours post-election. By November 12th, it soared to $0.000015, and within another 24 hours, Pepe set a new all-time high of $0.000019.

4. Bonk: Close to New Heights

While Bonk hasn't yet reached a new all-time high, it remains tantalizingly close. The coin surged from $0.000017 to $0.000027 in just five days. It tested its previous peak on November 13th but fell short of breaking it. With community sentiment over 80% bullish, a new high is within reach soon.

Evaluating Post-Election Investment Opportunities

Evaluating Investment Opportunities Investors looking for promising cryptocurrencies in the aftermath of Trump’s victory should consider several factors:

1. Use Case:

Coins that solve real-world problems or have robust use cases tend to perform better long-term.

2. Market Momentum:

Cryptocurrencies that responded positively to Trump’s win are likely to continue their upward trajectory as his administration implements pro-crypto policies.

3. Historical Patterns:

Some cryptocurrencies experience significant highs shortly after launch but may not sustain those levels. It’s essential to analyze their historical performance and go with options that have shown resilience in the past.

4. Team and Projects Behind Coins:

Investigating the teams behind newer cryptocurrencies provides insights into their potential for success. For instance, while Dogecoin is often viewed as a meme coin, its backing by influential figures like Elon Musk adds credibility.

Top Coins to Consider Investing In

Bitcoin (BTC)

Bitcoin is undoubtedly the number one choice for investors. Following the U.S. election, its price surged to approximately $92,800 on November 13, 2024. Analysts from Bernstein have projected that Bitcoin could potentially reach $200,000 by 2025, driven by favorable regulatory changes and increased institutional investment in the cryptocurrency space.

Ethereum (ETH):

Ethereum closely follows Bitcoin in terms of market significance. Although it has not yet set a new all-time high, Ethereum has shown considerable strength. Currently, it has a market cap of approximately $389 billion and is the second-largest cryptocurrency after Bitcoin. Investor Dan Tapeiro forecasted that Ethereum could reach around $8,000 by 2025 due to its critical role in decentralized applications and smart contracts.

Render (RNDR):

Render Network has emerged as a strong contender in the crypto market. Launched in 2017, it recently set an all-time high of $11.80. Since November 5th, RNDR's price has risen to approximately $7.50 within just seven days, showcasing strong momentum. Analysts are optimistic about its future potential, with predictions suggesting it could reach $15 by 2025 due to its unique use case in decentralized GPU rendering.

Bonk (BONK):

Bonk is one of Solana’s most successful coins and has demonstrated impressive volatility throughout 2023. It has experienced about six strong rallies with returns as high as 500% in certain periods. Although Bonk has not yet reached a new all-time high, it is close to breaking through that barrier. The strong community support and active trading make Bonk a compelling investment option within the Solana ecosystem.

Dogecoin (DOGE):

Dogecoin remains a favorite among investors, particularly with Elon Musk's recent appointment under Trump’s administration. His influence is expected to propel Dogecoin's value significantly higher. Analysts anticipate that it could experience substantial gains as the meme coin continues to capture public interest.

Solana (SOL):

Solana's price surged from approximately $154 to $225 following the election results, showcasing its potential as a leading blockchain platform. Known for its fast transaction speeds and low fees, Solana has become increasingly popular among developers and investors alike. As the ecosystem continues to grow, Solana's market position is expected to strengthen further.

With Donald Trump in the White House, optimism in the crypto community is high. Promises made during the campaign could support what many believe may be a historic bull run.

Just remember: this is not financial advice. Do your own research, and only invest what you’re comfortable losing—crypto’s a risky game!

Blockchain Expert

10+ Years of Experience

Eugene Abungana

Blockchain Expert

15 articles

Blockchain Expert

15 articles

eabungana@gmail.com

He has worked with several companies in the past including Economy Watch, and Milkroad. Writing for BitEdge is highly satisfying as he gets an opportunity to share his knowledge with a broad community of gamblers.

Nationality

Kenyan

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Cape Town

University

Kenyatta University and USIU

Degree

Economics, Finance and Journalism

Expert On: Crypto Gambling Crypto Exchanges Crypto Wallets

Eugene Abungana

Facts Checked by Josip Putarek

Top Cryptocurrencies That Reached All-Time Highs After the US Election

Which Coins Are Worth Investing In Now?

Evaluating Post-Election Investment Opportunities

1. Use Case:

2. Market Momentum:

3. Historical Patterns:

4. Team and Projects Behind Coins:

Top Coins to Consider Investing In