Investors are keeping a close eye on how different outcomes in the 2024 U.S. presidential elections could impact the cryptocurrency market. Political shifts can influence regulations, causing notable price changes in cryptocurrencies. This article highlights three cryptos to buy – Rexas Finance, Solana, and Dogecoin – that experts anticipate could see significant growth, with some predictions indicating a potential 300% increase in ideal market circumstances.
1. Solana (SOL)
Recently, analysts at Standard Chartered bank foresaw Solana price rising by 400%, should Donald Trump win the election.
They base their prediction on Trump’s administration, which they believe could enable a crypto-friendly environment, making it easier for the birth of Solana ETFs.
Currently, SOL is trading at $160, after recording yearly gains of approximately 287%. In spite of its recent price swings, it is still poised for long-term growth due to continued developer adoption and strong transaction speeds. Should favorable policies be implemented after U.S. Elections, Solana stands to gain significantly within the cryptocurrency industry.
2. Rexas Finance (RXS)
Rexas Finance (RXS), a new entrant in decentralized finance (DeFi), has rapidly become popular for its creative method of tokenizing real-world assets (RWA). This platform allows investors to purchase partial shares of traditional assets such as real estate, thus incorporating these investments into the realm of blockchain technology.
As RWA crypto token, RXS has accumulated more than $5 million in its current presale, with more than 100 million tokens being purchased. This has caught the interest of investors seeking a connection between cryptocurrency and traditional finance.
Key upcoming features, such as a Token Builder and QuickMint Bot, aim to streamline asset tokenization, adding to RXS’s appeal. If post-election policies favor DeFi and RWA tokenization, Rexas Finance could experience substantial growth, particularly given its unique positioning and increasing market demand.
3. Dogecoin (DOGE)
Initially introduced as a meme in 2013, Dogecoin (DOGE) has evolved into a significant cryptocurrency, having a market capitalization over $24 billion and a current trading value of around $0.1671. Recognized for its lively community and endorsement from individuals such as Elon Musk, Dogecoin has consistently demonstrated both durability and unpredictability, frequently influenced by intense social media attitudes.
Recent developments around Dogecoin suggest an upward trend. Robinhood’s reintroduction of DOGE transfers and a 1% deposit bonus until November 30 have increased its accessibility, particularly as the platform expands these services to European users.
Analysts have also noted a bullish TD Sequential indicator, with DOGE maintaining a key support level of $0.141, positioning it for potential gains. This positive sentiment, coupled with Dogecoin’s unique blend of community support and lighthearted appeal, makes it a compelling choice for both retail and institutional investors leading up to the elections.
While it has its roots in humor, Dogecoin has become a symbol of crypto accessibility and community-driven growth. This could drive its price significantly higher if market sentiment shifts positively around the election period, posing as one of the top meme coins to buy.
Conclusion
As the U.S. election nears, the trajectory of the crypto market remains uncertain, with a potential for high-impact regulatory changes. Rexas Finance, Solana, and Dogecoin each offer unique value propositions that could see substantial price appreciation depending on the post-election landscape. For investors looking to capture gains in the coming months, these assets represent intriguing opportunities that could see strong returns, especially if the political climate shifts favorably.
The post 3 Cryptos Heading for 300% Surge Ahead of U.S. Elections appeared first on CoinGape.
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