Cryptocurrencies to Invest in Amid Donald Trump's Anticipated "Liberation Day"
The ongoing U.S. monetary policy towards quantitative easing could have a broader market impact, and the AI component within cryptocurrency is viewed as a potential benefactor. As markets return to normal, Bitcoin and altcoins may experience tremendous price activity.
Tariff Impacts
Tariff impacts generally affect macroeconomic conditions, which can indirectly influence cryptocurrency markets. However, the direct impact of tariffs on cryptocurrency is often minimal compared to traditional assets. Donald Trump has declared April 2 as "Liberation Day," which may have broader economic implications, but its direct impact on the cryptocurrency market remains uncertain.
Institutional Adoption
Institutional adoption continues to be a key driver for growth in the crypto market. Bitcoin (BTC) is seeing increased institutional investment, with investments like Exchange-Traded Funds (ETFs) contributing to its stability. Analysts expect a steady performance from Bitcoin, with recent forecasts indicating potential for further growth. However, BTC's market dominance has fallen slightly as other cryptocurrencies like Ethereum gain traction.
XRP, a leading non-stablecoin cryptocurrency, is currently undervalued according to analysts due to its strategic partnerships and potential lifting of the 2023 injunction on Ripple. The ongoing Ripple vs. SEC legal case could have significant implications for XRP's value if resolved favorably. Analysts note a bullish sentiment, with some predicting price targets as high as $11.
Other Cryptocurrencies
Several other projects have gained investor interest. A cryptocurrency project called "BTC bull" has raised over $4.3 million in its presale and is designed to reflect Bitcoin's parabolic increase. Crypto influencers have assessed a meme coin powered by AI, MIND of Pepe, with YouTube channel 99Bitcoins predicting potential price increases. MIND of Pepe has presold over $7.8 million.
Solaxy, which aims to boost interoperability between Solana and Ethereum, garnered approximately $29 million at the presale phase. Solaxy offers staking rewards for users contributing to network security and efficiency boosts.
Another emerging token is Best Wallet Token, developed to function across multiple blockchain networks, which raised over $11.5 million during presale. There is growing rumor surrounding the greenlighting of xrp ETFs, which analysts predict could usher in more than $8 billion in flows by 2026.
The global cryptocurrency market could face volatility due to these tariffs in the coming weeks, but the long-term outlook remains positive due to higher institutional involvement and regulatory sophistication. Market analysts predict a short-term impact on cryptocurrency, followed by long-term improvement due to institutional adoption and good regulatory news. The need for secure and functional wallet solutions has increased in the cryptocurrency market, with Best Wallet Token aiming to simplify token swapping, add security features, and offer staking rewards.
Overall, while there's a positive outlook for some cryptocurrencies like XRP and Bitcoin, the impact of tariffs is generally more aligned with traditional economic factors rather than directly affecting cryptocurrencies. Institutional adoption continues to be a key driver for growth in the crypto market.
- Despite tariff impacts generally affecting macroeconomic conditions indirectly, the direct effect on cryptocurrencies like Bitcoin and altcoins might be minimal compared to traditional assets.
- The ongoing rise in institutional investment, such as Exchange-Traded Funds (ETFs), is contributing to Bitcoin's stability, with analysts expecting a steady performance and potential for further growth.
- XRP, being a leading non-stablecoin cryptocurrency, is currently believed to be undervalued due to strategic partnerships and the potential lifting of the 2023 injunction on Ripple, with some analysts predicting price targets as high as $11.
- other projects like "BTC bull," "MIND of Pepe," "Solaxy," and "Best Wallet Token" have gained investor interest, with some projects aiming to improve interoperability, security, and functionality within the cryptocurrency market.
- While there's a positive outlook for some cryptocurrencies like XRP and Bitcoin, regulators' positive actions towards ETFs could potentially usher in over $8 billion in flows by 2026, reinforcing the positive long-term outlook for the cryptocurrency market.
