Donald Trump’s speech at the Bitcoin Conference was well-received by the audience as well as the broader crypto industry.
However, one particular moment clearly emerged as the highlight of the evening. The former President promised to fire Gary Gensler on the first day of his presidency, to thunderous applause from the audience.
Even Trump was surprised by the raucous reception, quipping, “I didn’t know he was that unpopular”. He then reiterated his stance, to more applause.
Trump promises to "fire Gary Gensler" on day 1. He was so surprised that everyone disliked the man so much. pic.twitter.com/ZiIXV1hxlk
— Coin Bureau (@coinbureau) July 28, 2024
With the Republican currently the favourite to win the White House in November, it appears that Gensler’s days are numbered at the SEC. Unsurprisingly, investors are searching for the best crypto to buy to prepare for such a scenario.
7 Best Crypto To Buy Now Before A Trump Presidency
Donald Trump’s speech on Sunday has certainly increased the odds of his victory in November.
Vice President Kamala Harris has been attempting to distance herself from Biden’s anti-crypto policies and by repairing her relationship with crypto companies. There is even growing speculation that Gary Gensler could quit under a Harris presidency.
However, being the Vice President in the current administration, she cannot possibly promise to fire Gensler.
Either way, a new SEC administration now looks likely, possibly headed by pro-crypto Commissioner Hester Peirce. This could spark a major crypto bull run, if the market isn’t already in one by then.
We list the 7 best cryptos to buy before a Trump victory in November.
XRP (XRP)
It is hard to imagine any cryptocurrency benefiting more from a Trump presidency than XRP.
The XRP price has rallied by nearly 27% over the past 24 hours. And yet, it has largely underperformed Bitcoin and most large-cap altcoins, despite Ripple scoring key victories over the SEC.
This could change if Gary Genser is replaced as the SEC Chairman. A Republican majority at the SEC likely means that the Commission will not appeal Judge Torres’s ruling, securing XRP’s status as a non-security.
$XRP / $USD - Update As soon as we flip that high into support i will be longing this up and away pic.twitter.com/lcbGpLUT9H
— Crypto Tony (@CryptoTony__) July 29, 2024
As such, the XRP price is currently trading at $0.60 and is nearing the crucial $0.66 resistance. As the odds of a Trump presidency increase, it could flip that level, paving the way for a $1 bull rally.
Solana (SOL)
Solana is another top cryptocurrency to buy in case Gary Gensler is fired from the SEC.
A Trump presidency massively benefits Solana’s prospects, as it increases the likelihood of spot SOL ETF approval. VanEck and 21Shares have already filed their S-1 applications for the ETF, with BlackRock and Fidelity expected to follow suit.
Gensler has labelled SOL as a security, making it unlikely that his SEC will approve the ETFs. On the contrary, a new pro-crypto Chairman won’t create such obstacles.
Unsurprisingly, the Solana price reached as high as $192 after Trump’s comments on Gensler. And yet, the altcoin is likely heavily undervalued, with some experts hinting at the possibility of $600 in case of a Trump presidency.
$SOL is still playing out exactly the same as it did in the summer of 2021 👀Should be up only from here if it keeps playing out the same.My target? $600. 🫣📈 pic.twitter.com/hV38eiWeEs
— Jelle (@CryptoJelleNL) July 29, 2024
Base Dawgz (DAWGZ)
Solana meme coins show a strong correlation with SOL and could deliver outsized returns if Gary Gensler is fired.
Being a multi-chain meme coin that will also go live on the Solana blockchain, Base Dawgz is seeing high demand from retailers and smart money traders alike. It has already raised over $2.7 million in its ICO.
Notably, DAWGZ will also go live on the Base chain, which only improves its price prospects. Base meme coins are in high demand, driven by the meteoric ascent of Brett, the token token on the chain.
Experts now believe that Base Dawgz could follow in Brett’s footsteps, owing to innovative concepts such as share-to-earn and refer-to-earn. For instance, investors can earn airdrop points for sharing DAWGZ-related content on social media.
Aside from Solana and Base, DAWGZ will also go live on Ethereum, BNB Smart Chain and Avalanche. The meme coin is also offering high staking rewards on each chain, currently at an APY of over 1000%.
Ethereum (ETH)
The Ethereum price also stands to benefit tremendously from a Trump presidency.
The spot Ethereum ETFs were recently approved by Gensler’s SEC. However, some experts have raised concerns over whether these investment vehicles would see enough demand to provide any boost to Ethereum.
These concerns would not exist under the Trump administration. In his speech at the Bitcoin Conference, the former president promised to make the United States the crypto capital of the world. This could draw significant institutional investment into ETH, the largest altcoin.
A new pro-crypto Chairman can also secure Ethereum’s non-security status.
$ETH is dead ☠The chart says otherwise 👇 pic.twitter.com/XBmgd4I846
— Elja (@Eljaboom) July 28, 2024
Some experts believe that the Ethereum price could reach $10,000 by the first quarter of next year.
Pepe Unchained (PEPU)
Similar to their Solana counterparts, Ethereum meme coins also show a strong correlation to ETH.
There is a reason why some experts are calling for Pepe to reach $50 billion market capitalization during this bull cycle.
Smart money traders are also bullish on Pepe Unchained (PEPU), another frog-themed meme coin with a much lower market cap than Pepe. In fact, a few popular crypto traders are hinting at the possibility of 100x returns from PEPU, making it one of the best crypto to buy now.
As such, Pepe Unchained is seeing strong interest during its ongoing presale, having already raised over $6.2 million in its ICO. This is largely due to the meme coin building its own Layer-2 chain, aiming to deliver low trading costs, faster transactions and high staking rewards.
New Ethereum meme coins often see low retail investment, due to the high fees on the blockchain. PEPU’s native Layer-2 tackles this issue, while also offering staking rewards at an APY much higher than the industry average.
Floki (FLOKI)
Pepe isn’t the only large-cap Ethereum meme coin that experts are bullish on. Some analysts believe that Floki could be the top meme coin during this bull cycle, owing to its exciting real-world use cases.
Indeed, Floki offers its own staking program, a play-to-earn game and the highly popular FlokiFi locker. It has also announced the launch of its Trading bot, which is expected to create a deflationary token supply.
Additionally, Floki is a multi-chain meme coin, live on both Ethereum and the BNB Smart Chain. With ETH and BNB set to benefit from a Trump presidency in regard to their non-security status, Floki could emerge as an excellent beta play on both.
PlayDoge (PLAY)
PlayDoge is our final pick for the best crypto to buy now, owing to its striking similarity to Floki.
PLAY is also a multi-chain meme coin, live on both Ethereum and BNB Smart Chain. In fact, it is one of the rare multi-chain meme coins to offer attractive staking rewards on both chains.
Furthermore, its Tamagotchi-style play-to-earn game is in high demand, with the token presale raising over $5.8 million in a few short weeks.
Players get to own Doge as their own virtual pet, which they must train, feed and play with. Furthermore, they can earn free crypto by completing a series of 2D games, similar to classic, 8-bit side-scrollers.
As previously mentioned, PLAY is drawing comparisons to Floki. In fact, a few analysts consider it a better investment - owing to its low-cap status - that could offer up to 100x returns.
Disclaimer: This is a sponsored article 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
