Crypto Market – Top Cryptocurrencies to Watch After Trump’s Election Win: LINK, DOGE, LTC
Crypto Market – Donald Trump’s victory in the U.S. presidential election has stirred excitement in the cryptocurrency space, with many investors now turning their attention to the digital assets that are gaining strength. Several projects are rising in prominence after lengthy periods of stagnation, and are showing signs of significant growth. Among these, Chainlink (LINK), Dogecoin (DOGE), Litecoin (LTC), Hedera Hashgraph (HBAR), Render (RNDR), and newcomer Rollblock (RBLK) are leading the charge, each offering innovative solutions and capturing the attention of investors. Let’s take a closer look at these projects and explore their potential.
Chainlink: Poised for a Trend Reversal at $15 Resistance
Chainlink (LINK) has long been a staple in the blockchain ecosystem, providing oracle solutions for decentralized projects by bringing real-world data onto the blockchain. Despite a relatively stagnant price action in 2024, trading within the $10 range, Chainlink has recently seen a surge, breaking out of its range with a 25% monthly increase. As of now, the price is hovering around $14.80, with a 3.8% intraday decrease after flipping the $15 resistance into support. This could signal the beginning of a bullish run for LINK as it works to reclaim previous highs and pave the way for new all-time highs in 2025.
Dogecoin: Leading the Meme Coin Resurgence
Dogecoin (DOGE), once merely a meme token, has rapidly evolved into a reliable store of value, bolstered by Elon Musk’s prominent support and his involvement with the newly formed Department of Government Efficiency. Following Trump’s election victory, Dogecoin made a remarkable jump, recording a 180% increase in just a few days. As of now, Dogecoin is trading at around $0.40, with $11.9 billion worth of DOGE traded in the last 24 hours. With a market cap of $58 billion, Dogecoin is now firmly entrenched in the top 10 cryptocurrencies and could soon be on track to hit the $1 milestone as it continues its upward trajectory.
Litecoin: A Meme Coin Contender?
Litecoin (LTC), one of the longest-standing altcoins, has been gaining traction after a 18.7% monthly increase, which pushed its price to $96 before it retraced to $88. Litecoin’s recent performance stands in stark contrast to its lackluster behavior earlier in the year, when it was trapped in a narrow price range of around $65. Interestingly, Litecoin’s team recently stoked the crypto community’s interest by branding LTC as a “meme coin” in a tongue-in-cheek attempt to tap into the ongoing meme frenzy. While this comment was made in jest, it garnered significant attention and led to a surge in Litecoin’s value.
Hedera Hashgraph: Major Breakout and Upcoming Upgrade
Hedera Hashgraph (HBAR) has experienced an impressive 107% weekly surge, bringing its total monthly gains to a whopping 148%. Currently priced at $0.13, Hedera’s market cap stands at $5.1 billion. Hedera’s value proposition lies in its focus on scalable decentralized applications (dApps) and its recent announcement of a major upgrade that will improve the consensus layer of its network. This upgrade could enable Hedera to process up to 500,000 transactions per second, positioning it as the fastest blockchain on the market, which could significantly increase demand for HBAR in the future.
Render: Rising Star in the AI Space
Render (RNDR), a pioneer in decentralized GPU solutions, is capitalizing on the growing interest in AI and machine learning. Offering services such as 3D rendering and generative AI, Render reached an all-time high of $12.34 before a market correction in March. However, Render has bounced back with a 49% monthly surge, recently climbing from $4.12 to $8.18. As the AI narrative gains momentum in the crypto space, Render is positioning itself to become a major player. In 2025, as the bull market intensifies, Render’s price could easily surpass its previous high and eclipse the $20 mark.
Rollblock: Revolutionizing Crypto Gambling with GambleFi
Rollblock (RBLK) is a newcomer that is gaining rapid traction in the crypto space. The GambleFi platform, built on blockchain technology, aims to redefine the world of online gambling, which is a multi-billion dollar industry. By offering a blockchain-powered casino experience, Rollblock promises to disrupt traditional gambling with a revenue-sharing system that allows users to earn passive income. With over 20,000 players already on board and 7,000 games available, Rollblock is poised for massive growth. Investors have flocked to the presale, where the utility token RBLK is priced at just $0.036, and the platform offers up to 50% bonuses for early investors.
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