$XLM

The model is just a model

What matters is the position of the hunter when to throw the spear.

According to Singapore-based cryptocurrency investment firm QCP Capital, the altcoin market has seen a strong revival, with traditional cryptocurrencies like XRP, ADA, and XLM achieving incredible growth, thanks to favorable legal developments in the United States.

The price increase of Altcoin is driven by optimism about regulations

XRP has surged 400% since November, breaking the 2021 high to reach $2.90. Meanwhile, other older cryptocurrencies like ADA, HBAR, and XLM have increased by 300%, 800%, and 600%, respectively. QCP Capital believes this price surge is due to former President Donald Trump's proposal in November to eliminate capital gains tax on cryptocurrencies issued by U.S. companies, sparking widespread enthusiasm in the market.

Expectations of Pro-Crypto Governance

Market optimism is further fueled by speculation about a cryptocurrency-friendly U.S. cabinet. Rumors suggest that Gary Gensler, the current SEC Chairman known for his strict stance on cryptocurrencies, may be replaced by Paul Atkins, a cryptocurrency supporter. Additionally, Howard Lutnick, CEO of Cantor Fitzgerald—a company reportedly negotiating with Tether—is expected to become the Secretary of Commerce, adding to the pro-crypto narrative.#writetoearn $ETH