The Crypto Space Is Getting Hot Again: Here's Why

This is because Donald Trump won the election. Recently, Trump said that crypto coins are the future. Binance Coin (BNB) and Toncoin (TON) prices have risen.

The crypto market is heating up again, and this time, it’s thanks to Donald Trump. Recently, Trump stated that he believes crypto coins are the future, and this statement is having a positive impact on the prices of Binance Coin (BNB) and Toncoin (TON).

Binance Coin (BNB) Price Poised for a Potential Surge

Among the top crypto performers, Binance Coin (BNB) is showing promising signs. According to CoinMarketCap, BNB price witnessed an increase of 5%. During this period, the altcoin's value fluctuated between $578 and $596.

Highlighting this altcoin's promising outlook, crypto analyst Byzantine General remains optimistic. In his recent X post, he expresses confidence that Binance Coin is set for a revival following Donald Trump's victory. Moreover, he anticipates that the BNB crypto will soon encounter resistance at the $650 level.

Technical indicators also support this Binance Coin price prediction. As displayed on TradingView, the crypto coin is currently trading above its 10-day EMA of $621 and 20-day EMA of $602. Additionally, its MACD level is at 0.79 and in the buy zone, indicating a favorable entry point.

Further bolstering BNB's case is the recent Messari report on BNB Chain, which showcases some positive developments. Notably, DeFi TVL rose 2% to $4.85B, while staked BNB increased by 7% to 32.4M. In light of these promising metrics, experts anticipate Binance Coin to be among the top crypto performers.

Toncoin (TON) Price May Target the $15 Zone

Another altcoin making waves in the crypto space is Toncoin (TON). CoinMarketCap highlights that the Toncoin price rose around 6% on the 7-day chart. During this period, the altcoin experienced fluctuating price movements, ranging between $5.20 and $5.30.

Shedding light on TON's bullish outlook, market expert CryptoBullet shared his X post, where he states that the correction for this altcoin is ending, and Wave 5 may begin soon. According to CryptoBullet, the price target for the Toncoin crypto could be $12 to $15.

Technical indicators for Toncoin are also showing some positive signs. As displayed on TradingView, the altcoin's value now exceeds its 10-day EMA. Moreover, its MACD level of -0.119 also indicates a presence in the buy zone, boding well for the future of the Toncoin crypto.

In other news, Ton announced the launch of a Visa debit card by Tonhub. This debit card will allow users to make direct payments using either Toncoin or USDt.

Together, these developments have led market analysts to single out Toncoin as a crypto to watch.

Overall, crypto coins are experiencing a boost following the recent US elections. With a crypto-friendly president at the helm, many experts anticipate that this rally is poised to continue. Already,Binance Coin (BNB) and Toncoin (TON) are garnering attention, and other coins may also enter the spotlight.

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