What Happens to Your Altcoin Portfolio if Trump Wins? Altcoins with Fundamentals Set to Thrive

10/30/2024 22:28
What Happens to Your Altcoin Portfolio if Trump Wins? Altcoins with Fundamentals Set to Thrive

Altcoins with strong fundamentals could see massive growth, while meme coins may struggle. Discover the sectors to watch if Donald Trump wins, with expert insights and potential price action.

As we edge closer to the upcoming presidential election, investors are speculating how a potential Trump victory might impact the crypto market—particularly meme coins and altcoins with strong fundamentals. According to a Columbia Business School professor's analysis, a Trump win could lead to a split market where solid projects thrive, while meme coins experience a downturn.

If Trump reclaims office, the Republican Party might introduce relaxed policies on the crypto industry. Specifically, this could mean clear guidelines from the SEC on which altcoins are considered securities and which aren’t. As meme coins like Shiba Inu and Pepe rely on their hype rather than utility, clearer regulations could drive investors toward projects with concrete applications and utility.

Nick Carter, a known crypto analyst, supports this idea: “Meme coins are popular due to their accessibility and fair distribution. But if utility-focused coins aren’t hindered by oppressive regulations, meme coins will likely lose their appeal.”

If Trump wins and regulatory clarity is achieved, five specific altcoins suppressed by recent SEC uncertainty may experience a strong rebound. The altcoins most likely to benefit include:

  1. Solana

  2. Cardano

  3. Polygon

  4. Filecoin

  5. Near Protocol

These tokens were named in recent SEC lawsuits against Binance and Coinbase, highlighting their regulatory challenges. With Trump potentially setting the stage for a more crypto-friendly SEC, these tokens could unlock substantial growth.

1. Solana (SOL): Down 31% from its all-time high, Solana has been hit hard by regulatory uncertainty. A friendlier SEC could lead to a resurgence, possibly pushing SOL back towards record highs.

2. Cardano (ADA): With a significant 89% drop from its all-time high, Cardano holds potential for a strong rebound if it regains regulatory clarity. Historically, ADA has performed well following clarity on regulatory matters.

3. Polygon (MATIC): Also down 89%, Polygon is tackling some challenges, like its chain migration, but retains strong fundamentals. With favorable regulations, it could see a price boost from institutional and retail investors.

4. Filecoin (FIL): Filecoin presents a unique case. Its price is down 98% from its peak, though the market cap only dropped by about 85%. Given its significant utility in decentralized storage, the token could realistically experience a 6x increase.

5. Near Protocol (NEAR): As a Darkhorse candidate in the crypto space, Near Protocol is positioned to benefit from the current interest in AI and its applications in blockchain technology. The token’s recent chart patterns indicate potential for rapid price growth.

A deeper look at the data reveals that these tokens are collectively down significantly from their all-time highs. Filecoin’s dilution may temper gains, but strong fundamentals suggest a promising upside across the board if regulatory conditions improve.

If Trump wins, expect a shift from meme coins to altcoins with solid fundamentals. The shift could potentially lead to the strongest bull run yet for utility-driven tokens, providing massive returns for those who invest in projects like Solana, Cardano, Polygon, Filecoin, and Near Protocol.

In the upcoming months, regulatory clarity could lead to a green light for these strong projects, causing meme coins to fade while fundamentally solid projects thrive.

Stay tuned to see how the election impacts the crypto market—and get ready for potential gains in projects with real utility and solid foundations.

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