Bull Market After Trump Victory? 5 Altcoins Set for Explosive Growth Before Year-End

The price of Bitcoin skyrocketed nearly 8%, setting a new all-time high above $75,000 — a record-breaking move that has invigorated investors. The market sees Trump’s pro-crypto stance as a catalyst for growth. Trump has pledged to make the United States “the crypto capital of the planet,” with plans to create a national “strategic reserve” of Bitcoin.

Amid this wave of enthusiasm, a select group of altcoins stands poised for significant growth before year-end. Here are five altcoins to watch as Trump’s victory fuels the potential for an unprecedented crypto bull market.

A Small Stake in XYZ Could Turn Into a Big Reward

XYZ, the first meme coin with a thrill of sports, steps into the crypto ring, delivering knockout punches against lackluster coins, speculative schemes, and dubious projects. As the first all-sports-focused meme token, XYZ has braved the bear market and emerged stronger, aiming for massive growth as it sets its sights on dominating the 2024 meme coin scene.

Massive Support from Sports Fans 

XYZ is building a complete sports ecosystem within XYZVerse, where sports enthusiasm meets meme coin energy. With a roadmap featuring entertainment dApps, XYZ is ready to attract millions eager to get in on the action. XYZVerse is poised to make its mark in the crypto space, offering holders the chance to benefit from meme coin hype and the global passion for sports.

The Meme Coin Supercycle Is Back

Riding the wave of the growing sports betting niche, XYZ is primed to become the next big meme coin. The presale plan allows for a growth of 19,900% before TGE, so XYZ is poised to outperform previous sensations like BOME’s 5,000% leap and WIF’s 1,000% rally. Now undervalued, XYZ offers early investors the chance to secure their position in a coin set to break records.

Community-Driven for a Strong Finish 

XYZVerse will empower its community to shape the ecosystem, with active contributors rewarded in XYZ tokens. With strategic tokenomics, planned CEX/DEX listings, and ongoing token burns, XYZ is positioned for a powerful run, sustaining value and fostering a vibrant, engaged community.

>>The XYZ presale is live – seize this potential 19,900% opportunity!<<

Ethena (ENA) 

Ethena (ENA) has recently made notable strides in the cryptocurrency market. Over the past week, its price has increased by 13.50%, and in the last month, it surged by 46.04%. Despite these impressive short-term gains, ENA is still down by 51.94% over the past six months, highlighting a significant recovery from previous lows.

Currently trading between $0.30 and $0.39, ENA is approaching its nearest resistance level at $0.44. Breaking through this point could pave the way toward the second resistance level of $0.5295. On the support side, the nearest level is at $0.26, with a secondary support at $0.1761. The 10-day Simple Moving Average stands at $0.42, slightly above the current price range, while the 100-day SMA is $0.36.

Technical indicators reflect a strong momentum for ENA. The Relative Strength Index (RSI) is at 77.38, and the Stochastic oscillator reads 89.46, both suggesting overbought conditions. The MACD level is positive at 0.0179, indicating upward momentum. These figures suggest that ENA has the potential to continue its upward trajectory, especially if it surpasses the upcoming resistance levels.

Hedera (HBAR)

Hedera (HBAR) has experienced some notable shifts recently. Over the past week, its price has decreased by 1.41%. In the last month, it saw a larger drop of 9.89%. The most significant change is over the past 6 months, with the price falling by 56.14%. Currently, HBAR is trading between $0.0394 and $0.0491.

The technical indicators present a mixed outlook. The Relative Strength Index (RSI) stands at 54.82, suggesting a neutral market sentiment. The Simple Moving Average over 10 days is $0.0489, slightly higher than the 100-day average of $0.0448. This could indicate a potential upward movement. The MACD level is 0.000652, pointing to minimal bullish momentum. The Stochastic oscillator at 19.44 suggests the coin might be approaching oversold territory.

Looking ahead, HBAR faces immediate resistance at $0.0549. Overcoming this could lead to the next resistance level at $0.0647. This would represent increases of approximately 12% and 32%, respectively, from the current price range. On the downside, the nearest support is at $0.0354, and a drop to the second support at $0.0257 would mean declines of about 10% and 35%. These levels indicate that HBAR could see significant movements depending on market momentum.

Stellar (XLM)

Stellar (XLM) has experienced modest price changes recently. In the past week, its price shifted by just 0.0952%. Over the last month, it saw a gain of 4.88%, showing some positive momentum. However, looking at the past six months, XLM’s price has declined by 10.85%, indicating a longer-term downward trend.

Currently, XLM is trading between $0.08707 and $0.09528. The nearest resistance level sits at $0.10036. If the price climbs, this could be a crucial point to watch. On the downside, the nearest support level is at $0.08393, which might hold if the price dips. The 10-day simple moving average is $0.09649, slightly above the current range, while the 100-day average is $0.09248.

Technical indicators offer mixed signals. The Relative Strength Index (RSI) is at 59.56, approaching overbought territory but not there yet. The stochastic oscillator reads 45.89, suggesting neutral momentum. The MACD level is 0.00076109, hinting at potential upward movement. Based on these factors, XLM could test the resistance level at $0.10036, a rise of around 5%. If momentum continues, it might reach the second resistance at $0.10858, marking an increase of about 14%. Conversely, if the price falls, it may find support at $0.08393 or even at the second support level of $0.07571.

Artificial Superintelligence Alliance (FET)

Over the past week, Artificial Superintelligence Alliance (FET) has experienced a price increase of 6.13%, bringing its current range to between $1.04 and $1.30. This short-term uptick contrasts with a 3.60% decrease over the past month and a significant drop of 37.23% in the last six months. These figures highlight the volatility in FET’s performance, with recent gains partially offsetting longer-term losses.

The coin is approaching its nearest resistance level at $1.47, with a secondary barrier at $1.73. If FET manages to surpass these levels, it could signal a positive shift, potentially leading to further gains. On the other hand, immediate support is found at $0.93, and a slip below this could see the price testing the next support at $0.66. The Simple Moving Average over 10 days stands at $1.39, higher than the current price, while the 100-day average is $1.20, suggesting the coin is trading below its short-term trend but near its long-term average.

Technical indicators show an RSI of 73.52 and a Stochastic value of 94.92, both suggesting that FET is in overbought territory. The MACD level of 0.0451 indicates some bullish momentum. These factors combined may influence FET’s direction in the coming days, with traders watching closely to see if the price will continue to rise towards resistance levels or pull back towards support zones.

Conclusion

With the cryptocurrency market gaining momentum amid potential political shifts, these five altcoins are catching the attention of both seasoned investors and newcomers eager to capitalize on fresh opportunities. From XYZVerse’s vibrant sports ecosystem to other coins poised for technical breakouts, the closing months of the year could see significant movement. As the market awaits further developments, now could be the moment to secure positions in these altcoins before the anticipated year-end surge. Whether you’re looking for high growth or community-driven ecosystems, these picks offer a strategic mix of potential and innovation in the ever-evolving crypto arena.

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