3 Altcoins to Buy for Higher Returns Than Bitcoin After the Election Rally
The cryptocurrency market has been buzzing following the recent U.S. presidential election, which saw Donald Trump secure victory as the 47th President of the United States. While Bitcoin dominates the market, savvy investors can consider top altcoins like Dogecoin (DOGE), MAGA (Trump), and Aurealone (DLUME) as they hold the potential to outshine BTC recovery.
The cryptocurrency market has been abuzz following the recent U.S. presidential election, which saw Donald Trump secure victory as the 47th President of the United States. While Bitcoin (BTC) price soared to a new record high following the announcement, savvy investors can capitalize on the market momentum by considering these three promising altcoins, which have the potential to outshine BTC’s recovery and generate higher gains.
3 Altcoins to Buy for Higher Returns Than Bitcoin After the Election Rally
As the cryptocurrency market prepares for the post-election rally, several altcoins are poised to benefit from the positive market sentiment and Trump’s policies. Among the top altcoins to consider for higher returns after the election rally are Dogecoin (DOGE), MAGA (Trump), and Aureal One (DLUME). Here's a closer look at each cryptocurrency and its potential.
Altcoins to buy- Dogecoin (DOGE)
Dogecoin (DOGE), the dog-themed meme cryptocurrency, stands at the top of our list of altcoins to buy due to its potential for a major price reversal. As the cryptocurrency market prepares for the post-election rally, DOGE could gain higher momentum as Donald Trump’s proposed Department of Government Efficiency (DOGE) may see further development.
At press time, Tradingview's price chart showed that Dogecoin is trading at $0.197, with a market capitalization of $28.8 billion. The cryptocurrency has displayed a strong recovery over the last two months, rallying from $0.088 to $0.197, marking a 122% increase.
An analysis of the daily data reveals this recovery in the form of a cup and handle pattern, with a potential breakout rally to push past $0.5.
MAGA (Trump)
“MAGA,” an acronym for “Make America Great Again,” originated as Donald Trump's 2016 presidential campaign slogan. As he becomes the 47th president, the Trump coin could gain significant traction and the necessary momentum to drive high-rallying price trends.
Tradingview's chart showed that the MAGA coin is trading at $2.04, seeking support at the $1.67 horizontal level. A potential reversal from this bottom support could develop a well-known bullish reversal pattern, such as a double bottom pattern.
Under the pattern's influence, the TRUMP price could drive a recovery trend beyond $10.
Aureal One (DLUME)
Aureal One is an up-and-coming blockchain designed for the next generation of Web3 gaming and metaverse projects. It overcomes crucial blockchain challenges with near-zero transaction costs and rapid processing speeds to offer a seamless gaming experience.
The native cryptocurrency of the Aureal One network is DLUME, which facilitates transactions within the ecosystem and serves as an in-game currency. The platform's presale has attracted significant interest, raising over $100,000 shortly after launch, indicating strong market demand for the token.
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