is Trump responsible for the bullish movement? - page 2.

FatFork

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Quote from: Solosanz on November 24, 2024, 10:28:08 AM

Yeah many altcoins have reach new ATH, but not all of them. There are still altcoins that haven't made new ATH, that's why invest in those coins, in hoping it will reach new ATH in the next year.

Chainlink, Aptos, Litecoin still not made new ATH.

It's probably easier to list those that did than those that didn't. At this point, there are only a handful of altcoins that have reached ATHs in the past few days. The vast majority of others are still far from their previous ATHs from 3 or 4 years ago. At least as far as the top 20-30 altcoins are concerned, I haven't checked further.

l99l

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In my opinion, Elon Musk and Trump benefited from Bitcoin, it was a mutual benefit.
And everything was ready to be fired and waiting for the crypto market.
In the US elections, many people remembered cryptocurrencies again because Trump and his friend Musk supported Bitcoin. BTC and SOL made ath, and the wait for ETH still continues.

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Quote from: Phoenixtrader on November 24, 2024, 03:40:07 AM

BTC had 43% increase in one month.. I've been in crypto for 3 years now and I've not seen that.. the thing is, proper alt ssason hasn't started. But some tokens are outperforming the others. SOL, BGB for example has dominated. I believe it's the first top exchange token to hit ATH this month.. let's see how far it could go

An asset with a market capitalization of trillions of dollars but can increase 43% in just one month, this is beyond the imagination of many people. Not only you, many people who have experienced 1 or 2 bull season before will also be surprised by this increase.

Altcoin season may be underway but it's just beginning. In just the past 2 days, when BTC.DOM dropped from 61% to 59%, and a series of old altcoins such as XRP, ADA, ATOM...all increased by 200%-300% in just a few days. Although there are still many altcoins that have not increased in price, this is considered normal because every time a bull cycle comes, the top altcoins will always get pumped first and then the money will be poured into other segments of the market. So the only thing we need to do is be patient and be patient.

I believe the strongest altcoin season will come in January 2025 and that is also the time Trump officially becomes president.

Solosanz

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Definitely Trump is one of the reason why the market turned bullish.

Yeah many altcoins have reach new ATH, but not all of them. There are still altcoins that haven't made new ATH, that's why invest in those coins, in hoping it will reach new ATH in the next year.

Chainlink, Aptos, Litecoin still not made new ATH.

Dr.Bitcoin_Strange

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What coins or tokens have you received the notification of their new ATH lately? I know that the price of so many altcoins are showing a good uptrend movement as the price of Bitcoin continues to surge high too but no so many of those coins has break their previous all time high.

Taskford

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Quote from: notMeNahh on November 23, 2024, 12:03:51 PM

What the hell did Trump and Elon do the crypto market😂

I've been getting notifications of new ATHs for all sort of tokens every 2 hours for the past few days. BTC, ETH, SOL and soo many memecoins hitting ATH

I've even gotten notifications about BGB an exchange token hitting ATH twice in 3 days!!! Nahhhh this is crazy work 😂

Provably they are the one lead the pump right now its because this famous people and a President is showing their support on bitcoin. This make people feel crazy to acquire then with this demand rise up that's we see bitcoin to reach at the current figures.

To many altcoin also benefiting for this current hype gotten by bitcoin that's why to many of it pump and it pays off the effort and belief of its holder since their long time waited to happen already came.

Hopefully we can see more provably next year there would be more great things will happen to bitcoin also including those good altcoin in the market.

bettercrypto

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Quote from: notMeNahh on November 23, 2024, 12:03:51 PM

What the hell did Trump and Elon do the crypto market😂

I've been getting notifications of new ATHs for all sort of tokens every 2 hours for the past few days. BTC, ETH, SOL and soo many memecoins hitting ATH

I've even gotten notifications about BGB an exchange token hitting ATH twice in 3 days!!! Nahhhh this is crazy work 😂

Maybe, because the sudden rally of bitcoin in the market happened a few days before the counting of votes in the US presidential election. And the fight against Harris was even quite good.
Many whale investors seem to have been talking about increasing the price value of bitcoin in the market.

And they really did it intentionally before the declaration counting of who won the election counting of votes in the US.

pakhitheboss

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Quote from: FatFork on November 23, 2024, 04:21:24 PM

BTC and SOL have hit new ATHs in recent days, but ETH has not. ETH still has a long way to go before reaching its previous ATH of $4,891.70 from three years ago.

Well, that is quite a disappointment as I was expecting ETH and BNB to both pump and create a new ATH. I was expecting ETH to be the first altcoin to follow in the footsteps of Bitcoin in this bull run. It does have ETFs similar to Bitcoin but I fail to understand what is stopping the price from going up. Before the ETF was approved everyone was speculating Ethereum to hit $10K or more. It seems it is still stuck up between the price range of $3K to $4K and is repeating the same cycle.

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Quote from: SmartGold01 on November 24, 2024, 01:05:11 AM

Quote from: notMeNahh on November 23, 2024, 12:03:51 PM

What the hell did Trump and Elon do the crypto market😂

I've been getting notifications of new ATHs for all sort of tokens every 2 hours for the past few days. BTC, ETH, SOL and soo many memecoins hitting ATH

I've even gotten notifications about BGB an exchange token hitting ATH twice in 3 days!!! Nahhhh this is crazy work 😂

Oh my goodness, sincerely I have never experienced this before ever since I joined the cryptocurrency world and I been seeing madness towards the market, and it seems that crypto currency is that easy going investment where people wouldn't mind any coin they invested and would get profits instantly. Sometimes I began to question myself about the market. Though I know the market is real and for sure we are in the bull market so Bitcoin and any other cryptographic money would definitely Gain strength over the market.

BTC had 43% increase in one month.. I've been in crypto for 3 years now and I've not seen that.. the thing is, proper alt ssason hasn't started. But some tokens are outperforming the others. SOL, BGB for example has dominated. I believe it's the first top exchange token to hit ATH this month.. let's see how far it could go

Cryptomultiplier

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Trump or Elon isn't responsible for the rise in price of BTC or the presumed return of the bullish season. It just because they are bigger supporters of cryptocurrency and Bitcoin and they made it public during one of the worlds most required event of which is the U.S presidential elections.
If you have been into crypto currency for a long time now, you should know that volatility is a major drive that affects the cryptocurrency market and as such, major news happenings and updates would have a way to affect the economy of the state.
Investors wait for such kind of volatilities so as to take advantage of the market and that's a fact that has made many wealthy during this Trump and Elon collaboration.

Wonder Work

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Quote from: coin-investor on November 23, 2024, 02:26:48 PM

Partly he is, remember, Trump becomes relevant in the Crypto world because of his promises and now there was a leak that he is in the process of appointing the next crypto czar and this will pump the prices of not only Bitcoin but also other currencies further, and to think Trump is not yet officially inagurated as the President of US.

Yes, Trump still needs to be officially inaugurated as the President of the United States. When Trump is officially inaugurated, we will see new ATH for the crucial coins in the market. Again, when Trump is inaugurated formally, the price of Bitcoin is expected to exceed 100k.

Other coins whose prices could not create new ATH may start pumping after Trump is officially inaugurated to make new ATH. Let's see what happens. We will have to wait until Trump is officially inaugurated.

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Quote from: Hispo on November 23, 2024, 08:28:11 PM

Basically investors and traders are betting on him being a president which will introduce legislation which will be favorable for long time holders, like tax cuts, if so then people will have more reasons to invest in Bitcoin and other tokens for the sake of profit and lower taxes.

Regarding the influence on the altcoin market, we can even be more specific: Gary Gensler was quite skeptical of altcoins, above all of centralized ones like XRP and Solana.

Now Gensler is about to leave. And instead there are even rumours about the possibility of an US government advisory board which includes people from the XRP team. Perhaps from the most centralized of al altcoins (see here).

Centralized altcoins are very likely those most benefitted from the Trump administration. That's why Solana probably hit an ATH and XRP is making enormous gains.

I can only advise: be very, very careful in this bull run. Investor protection exists for a reason, but now it will be weakened. Above all, but not only in the US. Ride the waves but only with money you'll expect to lose. There will be even less protection than in the 2021 bull runs, I smell similarities to 2017/18 where a lot of very dubious projects came to fame and led to huge losses for many people. Perhaps the market is a bit more mature, but don't expect too much fairness from the altcoin "dev teams" in this scenario.

SmartGold01

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Quote from: notMeNahh on November 23, 2024, 12:03:51 PM

What the hell did Trump and Elon do the crypto market😂

I've been getting notifications of new ATHs for all sort of tokens every 2 hours for the past few days. BTC, ETH, SOL and soo many memecoins hitting ATH

I've even gotten notifications about BGB an exchange token hitting ATH twice in 3 days!!! Nahhhh this is crazy work 😂

Oh my goodness, sincerely I have never experienced this before ever since I joined the cryptocurrency world and I been seeing madness towards the market, and it seems that crypto currency is that easy going investment where people wouldn't mind any coin they invested and would get profits instantly. Sometimes I began to question myself about the market. Though I know the market is real and for sure we are in the bull market so Bitcoin and any other cryptographic money would definitely Gain strength over the market.

Hispo

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Quote from: notMeNahh on November 23, 2024, 12:03:51 PM

What the hell did Trump and Elon do the crypto market😂

I've been getting notifications of new ATHs for all sort of tokens every 2 hours for the past few days. BTC, ETH, SOL and soo many memecoins hitting ATH

I've even gotten notifications about BGB an exchange token hitting ATH twice in 3 days!!! Nahhhh this is crazy work 😂

He is partially responsible, yes, because the ongoing speculation about how is going allegedly going to be pro-Bitcoin and pro-cryptocurrency. Basically investors and traders are betting on him being a president which will introduce legislation which will be favorable for long time holders, like tax cuts, if so then people will have more reasons to invest in Bitcoin and other tokens for the sake of profit and lower taxes.
Also, other things which could be influencing the price of cryptocurrencies are the fact the halving of Bitcoin took place not long ago and what we are seeing is a delayed effect on the decrease of supply and an increase of the demand for satoshis.
Though, the market seems to be getting specially greedy and the FOMO is in all time high as well, so one needs to be careful before deciding on whether it is good idea to buy in a position right now, corrections are always a possibility, specially if Trump under delivers what he has promised during is campaign (practically what most politicians do, anyways).

FatFork

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Quote from: notMeNahh on November 23, 2024, 12:03:51 PM

I've been getting notifications of new ATHs for all sort of tokens every 2 hours for the past few days. BTC, ETH, SOL and soo many memecoins hitting ATH

BTC and SOL have hit new ATHs in recent days, but ETH has not. ETH still has a long way to go before reaching its previous ATH of $4,891.70 from three years ago.

As for the memecoins, of the three most popular, only PEPE reached a new ATH about ten days ago. DOGE and SHIB are still more than 50% down from their previous ATH.

coin-investor

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Quote from: notMeNahh on November 23, 2024, 12:03:51 PM

I've even gotten notifications about BGB an exchange token hitting ATH twice in 3 days!!! Nahhhh this is crazy work 😂

Partly he is, remember, Trump becomes relevant in the Crypto world because of his promises and now there was a leak that he is in the process of appointing the next crypto czar and this will pump the prices of not only Bitcoin but also other currencies further, and to think Trump is not yet officially inagurated as the President of US.

Quote

Now, as traders bet on a Trump bitcoin "game-changer," a leak has revealed Trump could appoint the first ever White House "crypto czar."

Leak Reveals Trump Crypto Bombshell As Bitcoin Suddenly Surges Toward $100,000 Price

notMeNahh

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What the hell did Trump and Elon do the crypto market😂

I've been getting notifications of new ATHs for all sort of tokens every 2 hours for the past few days. BTC, ETH, SOL and soo many memecoins hitting ATH

I've even gotten notifications about BGB an exchange token hitting ATH twice in 3 days!!! Nahhhh this is crazy work 😂

Topic: is Trump responsible for the bullish movement? - page 2. (Read 387 times)