The Bitcoin price surged above $103K in a short while and has sustained, which could be the impact of the optimism surrounding the change in the U.S. administration. Moreover, the launch of the TRUMP token by Donald Trump himself has validated this optimism. The TRUMP price has increased by over 230% in the past 24 hours and reached the top 30 cryptos. Now that Trump’s inauguration is just a few 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 huge benefits.
- Solana (SOL): Solana is a strong US base with active developer and user communities. While the impact has already begun and hence a new ATH could be on the horizon
- Algorand (ALGO): Algorand operates out of Boston, Massachusetts, with a significant presence in US-based blockchain initiatives.
- Ripple (XRP): The ongoing Ripple vs SEC legal battle has gained the spotlight and reached a crucial juncture, which is believed to be important for the entire crypto space
- Stellar (XLM): XLM is the native token of Stellar Development Foundation, which is based in San Francisco, California
- Aave (AAVE): Aave has a significant user base and partnerships with US projects, regardless of its global origins
- Realiio Network (RIO): it is a US-based project that emphasises compliance with US securities, appealing to both institutional and retail investors
- Chainlink (LINK): Chainlink has gained huge popularity with its growing fundamental strength with its strong ties to US-based developers and blockchain ecosystems
- Filecoin (FIL): It is a U.S.-based operation with extensive academic and tech collaboration in the country
- Cardano (ADA): The Cardano platform has strong ties through IOG and its founder, while it is positioned as a global project with a decentralised focus.
Along with these, Hedera (HBAR) can also be considered as it is governed by the Hedera Governing Council, including prominent US-based companies like 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 that are expected to benefit after Trump’s inauguration on January 20, 2025.
