The price of Bitcoin rose above $103K in a short period of time and has maintained, which may be due to the optimism surrounding the change in the US administration. Moreover, the release of the TRUMP token by Donald Trump himself has confirmed this hope. The price of TRUMP has increased by more than 230% in the last 24 hours and reached the top 30 crypto. Now that Trump's inauguration is just days away, more bullish action is expected.
The new president has promised to eliminate capital gains taxes on US-based cryptos, and in such cases, here are the top 10 cryptos that could attract big profits.
- Solana (Sun): Solana is a strong US hub with active developer and user communities. While the impact has already begun so a new ATH could be on the horizon
- Algorand (Something): Algorand operates out of Boston, Massachusetts, with a large presence in US-based blockchain enterprises.
- Ripple (XRP): The ongoing Ripple vs SEC legal battle has gained attention and reached a critical stage, which is believed to be important for the entire crypto space
- Stellar (XLM): XLM is the native token of the Stellar Development Foundation, based in San Francisco, California
- ava (AAVE): Aave has a large user base and partnerships with US projects, regardless of global origin
- Realiio Network (RIO): it is a US-based project that emphasizes compliance with US securities, attractive to institutional and retail investors
- Chainlink (LINK): Chainlink has become popular with its growing core strength with its strong ties to US-based developers and blockchain ecosystems
- Filecoin (FIL): It is a US-based operation with extensive academic and technical collaboration in the country
- Cardano (ADA): The Cardano platform has strong connections through IOG and its founder, while it is positioned as a global project with a decentralized focus.
Along with these, Hedera (HBAR) can be considered as it is managed by the Hedera Management Council, including famous US-based companies such as Google, IBM, and Boeing. It is based in Dallas, Texas, making it firmly a US-based crypto and DLT platform. These are a few cryptos expected to benefit after Trump's inauguration on January 20, 2025.
