The cryptocurrency market is experiencing a significant upswing as traders brace for the upcoming inauguration of the next US President Donald Trump.
The anticipation of a pro-crypto administration has fueled gains across major altcoins, including Ripple’s XRP, Solana, and Ethereum rival Litecoin, further elevating the market’s bullish sentiment.
Bitcoin Hits $100,000 as Altcoins Follow Suit
Bitcoin has surged above $102,000, marking a year-on-year doubling of its price and pushing the overall crypto market capitalization close to $4 trillion.
Ethereum has climbed steadily to $3,400. Meanwhile, Solana has outperformed with a 7% 24-hour increase, trading at $215. This rally is attributed to growing speculation that the Trump administration could establish a national crypto reserve.
Ripple’s XRP, trading at $3.25 with a market cap of $187 billion, has gained 7% in the last 24 hours. Thanks to Ripple’s innovative cross-border payment solutions, market analysts predict XRP will be a key player in the administration’s strategic reserve plans.
Trump’s Vision for the U.S. Crypto Reserve
Reports suggest that Trump’s administration is considering creating an “America-first strategic reserve” for cryptocurrencies. This reserve would prioritize U.S.-backed digital assets like Solana, XRP, and USDC.
The plan has gained traction following meetings between Trump, Ripple CEO Brad Garlinghouse, and Coinbase CEO Brian Armstrong.
https://x.com/0xQuantaur/status/1879956259786334504
Circle, the issuer of USDC, further solidified its ties with the incoming administration by donating $1 million in USDC to Trump’s inaugural committee. This move has amplified confidence in the stablecoin sector, which plays a pivotal role in crypto-market liquidity.
Altcoins Outshine Bitcoin Amid Regulatory Optimism
XRP has been a standout performer, rallying over 500% since November. Arthur Azizov, CEO of crypto platform B2BInPay, highlighted XRP’s resilience, stating, “While others experienced pullbacks, XRP has been quietly accumulating and is poised to surpass its all-time high.”
https://x.com/StevoCrypto1/status/1874615854064963858
Solana has also been a key beneficiary of the bullish momentum, supported by its robust network capabilities and the expectation of favorable regulations. Its price increase of 11.82% over the past week underscores its growing importance in the blockchain ecosystem.
Trending Altcoins See Fresh Inflows
The trending section highlights altcoins like Litecoin, which surged 14.06% to $137.14, and GameStop token ($0.000277), up 3.86%. These tokens are capitalizing on heightened investor interest, showcasing how diverse assets are benefiting from the current market rally.
Source: coinmarketcap
As the crypto market rallies ahead of Trump’s inauguration, investors are exploring opportunities beyond major altcoins like SOL and XRP. The surge in meme coins highlights their growing relevance, with Wall Street Pepe ($WEPE) emerging as a standout project.
Here’s why this next-generation meme coin is making waves:
Wall Street Pepe Presale Raises Over $50M
Wall Street Pepe ($WEPE) stands out in the meme coin space by combining advanced trading tools with creative designs inspired by Pepe the Frog and The Wolf of Wall Street. Its unique features include trading signals, staking options, meme coin recommendations, and rewards—benefits accessible exclusively to $WEPE holders.
Unlike competitors with high fees, Wall Street Pepe offers an affordable solution, broadening its appeal among investors.
https://x.com/WEPEToken/status/1879923624687153156
The project’s presale has raised an impressive $50.02 million, rapidly closing in on its $50.78 million target. This achievement underscores its ability to attract investors, even in challenging market conditions.
Wall Street Pepe’s growing community of 15,500 Telegram members and 35,300 followers on X (formerly Twitter) reflects its rising prominence in the crypto ecosystem.
