The inauguration of President-elect Donald Trump, slated for January 20th, is less than two weeks away and is regarded as a significant event in the cryptocurrency market. The entire market is looking forward to the event, which has fuelled speculation of a positive trend.
Such discussions are taking place for a variety of reasons, including the fact that the US cryptocurrency industry is expected to undergo significant regulatory changes as a result of Trump’s reelection; numerous anti-crypto officials, including CFTC Chair Rostin Behnam and SEC Commissioner Gary Gensler, have resigned since his reelection, and the president-elect has appointed a number of prominent pro-crypto leaders.
Here are 5 cryptocurrencies to buy before Trump’s inauguration:
XRP
The most likely digital asset to experience another positive surge around Trump’s inauguration is Ripple’s XRP. With a more than 300% spike since Trump’s election, XRP is now at its highest price in nearly six years. The altcoin’s market capitalisation now exceeds $130 billion, exceeding that of other altcoins such as Solana and BNB.
As previously stated, Ripple contributed $5 million, one of the largest presents to Trump’s inauguration festivities. Before the inauguration, the company’s CEO, Brad Garlinghouse, had visited with Trump several times. These changes only hint to more positive developments for Ripple and its cryptocurrency.
MAGA (Trump)
MAGA Coin (TRUMP), named after Trump’s “Make America Great Again” slogan, is one of several meme crypto coins that react to major events like presidential inaugurations. The token, which was established on the Ethereum network in 2023, has gained traction, climbing 60% in a month and more over 1,400% in a year since Trump’s election victory.
Notably, Trump’s publicly announced cryptocurrency wallet contains 580,000 TRUMP tokens, which were presented to him by the coin’s creators in August 2023. MAGA Coin’s value is soaring, making it an important challenge to track as January 20 approaches.
ChainLink (LINK)
Chainlink is another program with ties to Trump. The altcoin has acquired significant funding from the World Liberty Financial Initiative (WLFI), a Donald Trump-backed decentralised finance (DeFi) project.
On December 12, 2024, WLFI spent nearly $12 million on digital assets such as Ethereum (ETH), Chainlink (LINK), and Aave (AAVE), with the intention of improving the platform’s dependability and security by leveraging Chainlink’s decentralised oracle network, which is already used in over 1,000 blockchain projects.
The collaboration with Chainlink is expected to enable exact on-chain data and cross-chain connectivity, both of which are necessary for the seamless operation of DeFi services.
World Liberty Financial (WLFI)
This is supported by Trump, invested in Aave and has increased its altcoin integration, similar to Chainlink. In October 2024, WLFI proposed integrating Aave V3 on Ethereum to boost liquidity for stablecoins such as Ether and Wrapped Bitcoin (WBTC) in its ecosystem.
In December 2024, WLFI’s multi-signature wallet purchased $1 million in AAVE (3,357 tokens at $297.8 per), proving its commitment to Aave’s technology for DeFi services. This elevates the price of AAVE by more than 20%, suggesting market trust in the WLFI-Aave alliance.
Bitcoin
Bitcoin is now witnessing a bullish market trend, which is projected to continue due to upcoming regulatory reforms. Because of investors’ optimism about President-elect Donald Trump’s inauguration, the price of Bitcoin recently surpassed $100,000. It is expected that the Trump government would pass legislation beneficial to cryptocurrency and establish a national Bitcoin reserve.
As a result of these anticipated reforms, investor confidence has increased, contributing to the rise in Bitcoin’s price. If those expectations fail, analysts warn that the market may be unduly optimistic about prospective regulatory changes, causing Bitcoin’s price to fall.
