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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Exciting Possibility of 300 Percent Growth in the Cryptocurrency Market After the US Presidential Elections!
Bitcoin and BTC

Exciting Possibility of 300 Percent Growth in the Cryptocurrency Market After the US Presidential Elections!

vitalclick
Last updated: November 11, 2024 7:10 am
1 year ago
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Contents
Bitcoin’s Rise May Support AltcoinsSolana and Ethereum Are Also Expected to RiseThe Total Value of the Crypto Market Could See $10 Trillion

Bitcoin $79,504recorded a rapid rise immediately after the US elections, passing $ 75,000, and then quickly rose above $ 81,000. Geoff Kendrick, Head of Foreign Exchange and Digital Asset Research at Standard Chartered, stated that this rise will bring new records.

Bitcoin’s Rise May Support Altcoins

Kendrick predicts that Bitcoin’s momentum will be positively reflected in other cryptocurrencies. He especially points out that Solana could break a record by showing a strong performance before the end of the year. A general movement is expected in the altcoin market under the leadership of this altcoin.

According to Kendrick, Bitcoin could reach $100,000 by December 27. “If it doesn’t reach my year-end target of $125,000 by December 31, we may see that level by January 20 at the latest,” Kendrick says.

Solana and Ethereum Are Also Expected to Rise

The rise of Bitcoin, Solana and Ethereum $3,192 It may also have a positive impact on major cryptocurrencies such as However, Kendrick believes Solana will have his best performance of the year.

Additionally, Kendrick states that if the Republican Party gains control of both houses of the US Congress, the global cryptocurrency market has the potential to grow by 300% in the next two years. Kendrick foresees growth opportunities in sectors like gaming finance, tokenization and decentralized infrastructure thanks to friendlier regulations under the Trump administration.

Kendrick said, “Looking at the areas of use, we expect expansion, especially in gaming and tokenization. “As digital assets gain acceptance, we also see development potential in decentralized infrastructure and social-focused subcategories,” he said.

The Total Value of the Crypto Market Could See $10 Trillion

If Kendrick’s predictions come true, the total value of the crypto market could reach $10 trillion by the end of 2026, from the current $2.7 trillion. It is thought that this growth will accelerate innovations in the crypto industry and gain wide acceptance in different sectors.

The performance of cryptocurrencies such as Bitcoin and Solana can support overall growth in the sector and open up new investment opportunities. Investors and market followers are watching these developments closely.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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