Not only did Donald Trump win the presidential race yesterday, but most elected congressional members were pro-crypto. This removes what could have been a major choke point for Trump and other crypto advocates in creating a brighter future for the industry inside the United States.
Cryptocurrency prices continued to surge on Wednesday as Donald Trump's victory in the presidential election and the prospect of pro-crypto policies fueled a rally in the digital asset market.
Bitcoin price hit a new all-time high of $76,400 on Wednesday, following the announcement of Trump's victory and the news that a majority of elected congressional members are pro-cryptocurrency.
According to Coinbase CEO Brian Armstrong, over 240 candidates who support the crypto industry were elected to the House of Representatives and Senate.
"Tonight the crypto voter has spoken decisively – across party lines and in key races across the country. Americans…," Armstrong wrote on Twitter.
Welcome to the new members of America's most pro-crypto Congress ever… 219 pro-crypto candidates and counting have now been elected to the House & Senate.
Tonight the crypto voter has spoken decisively – across party lines and in key races across the country.
Americans… pic.twitter.com/t91wC3Wtzr
This development is expected to pave the way for more favorable crypto regulations and policies in the United States.
The anticipation of an economic boom, driven by the resolution of legal challenges faced by the crypto industry, has also contributed to the rally.
"Upcoming deregulation wave will create an economic sonic boom," stated Armstrong in a previous tweet.
Currently, BTC price is hovering around $75,000, having breached its previous all-time high set in October. The world's leading cryptocurrency is up 6% today, 42% this week, and 20.4% this month.
Meanwhile, the broader cryptocurrency market also witnessed significant gains on Wednesday.
Among large caps, Ethereum price surged the most, registering a 13% gain. Solana price followed closely with a 9.6% increase, while BNB price rose 5.3%.
However, smaller cap projects, known as shitcoins or meme coins, continue to lead the market in terms of percentage gains.
Among the top gainers, Peanut the Squirrel price soared over 100%, while Simon's Cat price surged 27%.
4 Altcoins to Consider as Crypto Bull Rally Continues
As the cryptocurrency bull rally shows no signs of abating, several altcoins have emerged as potential candidates for substantial gains.
Here are four coins that could be worth considering for smart investments:
Pepe Unchained is building the first Ethereum layer 2 blockchain for meme coins. The ‘Pepe Chain’ will be 100x faster and much cheaper than Ethereum, making on-chain transactions frictionless, even for the smallest of traders.
They've already raised a staggering $25 million, but the project is heating up after revealing a launch pad app that allows everyday users to create their own meme coins in two clicks.
This is akin to Solana's pump.fun, which has birthed multiple success stories like Goatseus Maximus, Fwog, and Moo Deng.
But, since Pepe Unchained's launch pad is in the Ethereum ecosystem, it benefits from Ethereum’s high liquidity and strong user base while delivering lower fees.
The current $PEPU presale price is $0.01229, but this will rise throughout the ICO, with the next increase in one day.
Visit Pepe Unchained Presale
Another meme coin-focused infrastructure project, Crypto All-Stars, is building a unified staking protocol that lets users generate passive income on their joke tokens.
This year, the meme coin space has become much more comprehensive, reflected by projects like Crypto All-Stars and Pepe Unchained.
With Crypto All-Stars, users who hold $STARS tokens can deposit Dogecoin, Shiba Inu, Pepe, Mog Coin, Bonk, and more to earn passive $STARS rewards in return.
However, their rewards are proportional to how much $STARS they hold. This creates an environment where holders of all the top meme coins compete for a single crypto asset.
And supply will be limited as well. That's because users can also stake their $STARS tokens for more rewards. $STARS staking is live and offers a 500% APY.
The project is currently undergoing a presale and has managed to raise $3 million so far. The current price is $0.0015494, but this will rise in two days.
Visit Crypto All-Stars Presale
Injective Protocol, a layer 1 blockchain that focuses on decentralized finance and interoperability, also offers AI tools to enhance users’ DeFi activities.
INJ was a top-performing crypto asset in 2023, outpacing most other major cryptocurrencies. However, it struggled to stay afloat amid the crash in 2024, falling from being a top 25 cryptocurrency to the 42nd most valuable today.
That said, the momentum is turning for INJ. It
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