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Bitcoin’s rally accelerates with Trump’s crypto-friendly presidency, while altcoins like Pepe Unchained and Flockerz are set for major gains.
Bitcoin is gearing up for a historic rally after breaking its all-time high (ATH) three times since 5 November.
With pro-crypto Donald Trump now confirmed as the next US president, how far can Bitcoin go in the remainder of 2024?
BTC primed for growth as crypto-friendly US govt. gets elected
The US government for the next presidential term has been elected, and crypto enthusiasts are pleased with the results.
As such, Bitcoin’s price is showing strength not seen for a long time, currently trading comfortably above its previous ATH from March 2024.
Should its previous high continue to act as support, this is a clear springboard for further growth.
Moreover, the US Federal Reserve is expected to cut interest rates later today, with the CME FedWatch tool suggesting a 98.1% chance of a rate cut.
Last time rates were cut in September, Bitcoin rallied from lows of $58k to $67k in one month.
However, with BTC now in price discovery, the opportunity for growth is even more pronounced.
Donald Trump was elected the next US president yesterday, and he’s famously pro-crypto, even saying he wants to make America “the crypto capital of the planet.”
Also, over 240 congressional electees were pro-Bitcoin, negating a chokepoint in passing or removing laws to ensure the crypto industry’s growth.
It also bolsters the likelihood of pro-crypto initiatives being implemented. For instance, Senator Lummis put forward a bill for the U.S. Government to buy 200,000 Bitcoin per year over five years.
With an unprecedented tailwind of US government support, the future looks bright for Bitcoin and the crypto industry.
As such, analyst Pentosh1 is confident that BTC will hit $100k in the coming months.
TrendSpider also targets $100k, citing the Fibonacci Retracement tool’s golden level (1.618), which lands at the revered price target.
These cryptos could also be set for big gains
Bitcoin’s strength is good news for altcoins, which typically follow the market leaders’ trajectory, albeit with more volatility. In bullish periods, this leads to more significant gains.
With that in mind, here are two altcoins that could also be set to see big growth.
Pepe Unchained
Pepe Unchained is making a name as the first meme coin with its own blockchain.
It’s building an Ethereum layer 2 which is cheaper and faster to use than the Ethereum main network.
The project is undergoing a presale, where it has raised $25 million so far, illustrating incredible demand among investors.
But despite being in its early stages, Pepe Unchained has already made a big statement. The blockchain will launch when the presale ends, and it will be equipped with a slew of smart features.
Most recently, they announced a meme coin generator similar to Solana’s Pump.fun. Users will be able to launch no-code meme coins with just two clicks.
The Pepe Chain will also have staking, a block explorer, a dedicated Ethereum bridge, a decentralized exchange, and more.
It’s a jam-packed ecosystem, so it’s no wonder investors are getting involved early. The current presale price is $0.01229, but this will rise in one day.
To learn more, visit the Pepe Unchained presale website.
Flockerz
Flockerz is a bird-themed meme coin that focuses on decentralization. It has created a mechanism called Vote-to-Earn, which rewards community members for participating in the project’s decentralized autonomous organization (DAO).
Users can vote in the Flockerz DAO on all matters relating to its future, and they’ll earn FLOCK in return.
They’ll even get to vote on how the project’s treasury is handled, which accounts for 25% of the token’s total supply.
Flockerz is an exciting project that combines the light-heartedness of meme coins with a more decentralized and rewarding environment for users.
As the crypto market grows, new meme coins like this could see the biggest gains.
It’s currently undergoing a presale and has raised $1.2 million so far.
The current FLOCK presale price is $0.0059571, but this could rise in two days.
To learn more, visit the Flockerz presale.
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