💥The cryptocurrency sector is experiencing a bullish phase, a development that is helping numerous cryptocurrencies record new highs. This bullish phase is largely fueled by Donald Trump and the fact that he is ready to take on the role of the 47th president of the United States.
🤝Elon Musk, CEO of Tesla, is also playing a major role in cementing the industry’s dominance by teaming up with Trump to support the cryptocurrency industry. Under this regime, these two coins could skyrocket by as much as 50%, which investors should hold now for future gains.
1.Dogecoin
👉Dogecoin is another top cryptocurrency token that has been doing quite well over the past few weeks. Doge is considered to be Musk's favorite coin, often recording price increases whenever Musk mentions the token in his interviews. Dogecoin has recorded a spike of nearly 40% in the past 24 hours, making it a token worth holding under Trump's regime and rule.
👉According to CoinCodex, Dogecoin could fall 6% by the end of November to $0.38. But if Musk takes on a major role in Trump's cabinet, Dogecoin could break out and hit new highs or $1 in the long run.
“According to our current Dogecoin price prediction, Dogecoin price is predicted to decrease by -6.79% and reach $0.383218 by December 12, 2024. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 69 (Greed). Dogecoin recorded 19/30 (63%) green days with a price movement of 24.89% in the last 30 days. Based on the Dogecoin forecast, now is a good time to buy Dogecoin.”
2.Ethereum
👉Ethereum is another promising cryptocurrency, the second largest cryptocurrency by market capitalization. The token recorded a sluggish price pace in early 2024 but is now experiencing a surge in valuation as Bitcoin surges causing ETH to change course. At press time, Ethereum is at $3300, looking bright and likely preparing for a new high.
👉According to CoinCodex, ETH could hit a new high of $3440 by November 2024.
“ According to our current Ethereum price prediction, Ethereum price is predicted to increase by 4.13% and reach $3,508.24 by December 12, 2024. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 69 (Greed). Ethereum has recorded 18/30 (60%) green days with a price movement of 7.57% over the past 30 days. Based on the Ethereum forecast, now is a good time to buy Ethereum. “
