The cryptocurrency sector is optimistic of what’s to return with Donald Trump serving as the subsequent president. Optimism comes as many cryptocurrencies have hit all-time highs since Trump gained the 2024 presidential election.
A brand new Benzinga reader ballot predicts which cryptocurrency may have the very best return early in Trump’s presidency.
What Occurred: Trump will probably be sworn in as the subsequent president of the USA on Monday, marking his second non-consecutive time period because the chief of the nation.
The inventory market will probably be closed on Monday in honor of Martin Luther King Jr. Day, which is a federal vacation.
Whereas buyers will not be capable to purchase and promote shares that could possibly be talked about individually or a part of sectors which might be highlighted throughout Trump’s inauguration speech, the cryptocurrency market will probably be open.
“Which crypto will pump essentially the most on Donald Trump’s Inauguration Day?” Benzinga lately requested readers.
Right here had been the outcomes:
- XRP Token XRP: 41%
- Bitcoin BTC/USD: 35%
- Dogecoin DOGE/USD: 14%
- None, Crypto Will Crash: 7%
- Shiba Inu SHIB/USD: 4%
The winner of the ballot was XRP Token, which is among the high gaining cryptocurrencies over the past yr. XRP, which is from Ripple Labs, has been within the highlight loads lately, together with because of a go to by Ripple executives to satisfy with Trump.
The ballot noticed solely 7% of readers predict that cryptocurrency would crash on Monday, which may find yourself being the results of promote the information as cryptos commerce greater forward of Monday.
If Trump publicizes cryptocurrency associated initiatives on Monday, the sector may see energy, however likewise cryptos may fall if he minimizes the sector in his speech.
Why It is Essential: Benzinga readers have chosen XRP and Bitcoin as winners in a number of polls, which will not make the newest outcomes an enormous shock.
An early December 2024 ballot requested Benzinga readers if any of a number of hand-picked cryptocurrencies would outperform XRP in 2025.
The outcomes had been:
- Bitcoin: 28%
- Solana: 15%
- Dogecoin: 13%
- Ethereum: 10%
- Shiba Inu: 10%
- Hedera: 1%
- Not one of the Above: 24%
Bitcoin gained the ballot with 28% of readers believing the main cryptocurrency will outperform the opposite choices in 2025.
Rating second within the ballot was Not one of the Above, which implies 24% of readers suppose XRP will outperform the opposite six cryptocurrencies together with Bitcoin in 2025.
Listed here are the present returns of the cryptocurrencies within the new ballot:
- XRP: 1-Month +32.0%, 1-12 months +478.1%
- BTC: 1-Month: -1.6%, 1-12 months +145.3%
- DOGE: 1-Month +3.5%, 1-12 months +414.9%
- SHIB: 1-Month -0.9%, 1-12 months +155.1%
XRP and Dogecoin have already had big one-year positive factors and XRP is up considerably over the past month, which may make any further positive factors on Monday icing on the cake as extra eyes are on the cryptocurrency sector in 2025.
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The research was carried out by Benzinga from Jan. 16, 2025 via Jan. 17, 2025. It included the responses of a various inhabitants of adults 18 or older. Opting into the survey was fully voluntary, with no incentives provided to potential respondents. The research displays outcomes from 107 adults.
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