Donald Trump
- Donald Trump’s participation in the Bitcoin 2024 conference has led to a surge in the value of cryptocurrencies.
- Crypto whales are accumulating cryptocurrencies like Arbitrum, XRP, and Cardano.
- Chainlink’s integration with TrueFi has increased its popularity among crypto giants.
In recent times, the surge in the value of the leading cryptocurrency Bitcoin has rekindled hope in the crypto market. Investors speculate that the reason for this unexpected rise is the presence of former US President Donald Trump at the Nashville Bitcoin 2024 conference. The change in Trump’s stance on cryptocurrencies has resulted in a rise in the price of Bitcoin by more than 1%.
Trump’s Involvement May Present Opportunities for These Altcoins
Apart from Bitcoin, the field of cryptocurrencies is quite active. At this time, crypto whales are secretly buying a variety of altcoins. This shows that whales feel that these altcoins have a lot of potential. Arbitrum is one of the most prominent altcoins that whales are eyeing.
Even though Arbitrum has lost its value since the beginning of the year, whale inflows have increased by 87% in the past week, with its current trading price at $0.72. Acting as Ethereum’s layer-2 scaling solution, Arbitrum seeks to reduce costs and speed up transactions. The growing interest of whales in Arbitrum indicates it may eventually be adopted more widely.
XRP and Cardano (ADA)
XRP is currently trading at $0.59, and since July 23, there has been a surge in addresses holding between 100 million and one billion units. The increased interest from major holders demonstrates the XRP has become a viable option for large investors. This is most likely owing to judicial successes and strong market sentiment for the XRP.
Cardano saw a massive surge in large holder inflows of 10,878% in a single day, reaching $0.41. Cardano’s recent enhancements and ongoing development have instilled tremendous confidence in whales. The market has also responded positively to ADA’s comeback potential.
Chainlink: A significant participant in the DeFi ecosystem
With a current market price of $13.55, Chainlink has incorporated TrueFi into its Ethereum and Arbitrum blockchain platforms using the Cross-Chain Interoperability Protocol (CCIP).
This integration makes the cryptocurrency Chainlink a popular choice among crypto whales by facilitating wider adoption. It’s worth monitoring these four cryptocurrencies before Donald Trump’s address.
