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All is now set for Donald Trump’s inauguration as the next US president, a few months after his election victory sparked a rally that saw crypto prices skyrocket. Since “Dogecoin influencer” Elon Musk played a major part in his victory, there are expectations that DOGE price would rally strongly as January 20 draws closer.
But is there another crypto sensation that DOGE whales are attracted to - which could fetch even bigger profits than DOGE? Read on to find out.
DOGE price falters as Dogecoin’s new year rally fizzles out
Dogecoin started the new year strongly, rallying for the first week so as to offset the losses of the last month. However, this rally was short-lived. The DOGE price dropped afterwards, as FUD forced weak hands to sell their holdings. Dogecoin has since continued its downward momentum, dropping by as much as 20% in the last month.
However, it’s not all doom and gloom for the meme king. Dogecoin’s daily trading volume is in the billion-dollar range, which signifies genuine interest from investors in it. Besides, Dogecoinwhales scooped up millions of DOGE in the last few days, and this seems to have arrested the drop momentarily.
While this is good news for DOGE, it is worth noting that there are rumors of DOGE whales scooping copious amounts of other tokens. Perhaps, the divided attention is why DOGE is yet to gain traction despite boasting of a humongous trading volume.
How Trump’s inauguration will affect DOGE price
The general consensus in the crypto space is that things are about to take a U-turn, especially for Dogecoin. With Donald Trump, a crypto-friendly entity, assuming office, there is a decent chance a bull market is on the horizon.
Trump has already laid up Paul Atkins, a known crypto backer, to head the Security and Exchanges Commission. Paul is widely expected to lessen the SEC’s stranglehold on crypto projects and usher in regulations that will favor the use of cryptocurrencies and boost their usage.
This development, without any doubt, will push Dogecoin’s price up. Analysts envision a strong rally immediately after Trump is sworn in and expect Dogecoin to quickly recover its losses and embark on a sustained momentum to hit a new all-time high.
Maximize your crypto profits
The upcoming Trump inauguration is going to have a major impact on crypto prices - just as his victory did. Even though established coins like DOGE would soar when he gets into the White House, new trailblazing tokens like Remittix are expected to appreciate the most.
In case you don’t know, Remittix is a new protocol that allows anyone to send fiat to any bank account right from their wallets. It’s got solid fundamentals, revolutionary utility, and a rising popularity in the crypto sphere.
RTX is already on a pretty decent rally but the Trump inauguration will shed more light on its revolutionary status and expose it to more users. This gives it an unlimited potential to fetch gargantuan gains for those who take a stake in it early enough.
Cryptocurrency analysts are predicting that RTX will ride this upcoming bull wave, go viral, and fetch potential investors as much as a 10,000% ROI. This makes joining the presale a no-brainer for crypto investors who want to seize the moment and maximize their crypto profits.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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