- Altcoins are expected to rally after Trump’s inauguration on January 20.
- Bitcoin is currently retesting $92k levels, down 3%.
- Experts say now is the best time to stack altcoins.
As January 20th draws near, marking Donald Trump’s inauguration as the 47th president, the crypto market is in a holding pattern. Many of the top 10 coins have slipped into the red, with some recording double-digit losses. Bitcoin has also dipped below the crucial $92k mark and has declined more than 3%.
With only a week left, crypto executives are vying for spots in Trump’s new crypto advisory group, which could include up to 22 CEOs and founders. Central to these efforts is David Sacks, who is expected to take on the role of chief technology officer and crypto czar at the White House.
On January 17th, the crypto community will gather in Washington, D.C., for the Inaugural Crypto Ball, an event that promises to be a major networking opportunity. According to AltcoinBuzz, now is a right time to scoop up altcoins at their current prices before the next rally. Here are the top picks to consider:
XRP: A Big Comeback
XRP has been making a strong comeback, especially after Ripple’s big win in the long-running lawsuit with the SEC. This has sparked interest in the coin. With Trump’s presidency coming soon, the new SEC chair is expected to be more crypto-friendly. Currently priced at $2.46, the analyst said that XRP could possibly hit $10 in the near future.
Cardano (ADA): Back on Track
Cardano (ADA) is another legacy coin seeing new life. A key reason for its revival is its connection to Trump’s crypto plans. Cardano’s founder, Charles Hoskinson, is set to join Trump’s crypto advisory team, which could help bring more attention to ADA. With ADA currently priced at 91 cents, it could soon reach new highs.
AI16Z: Merging AI and Crypto
AI16Z is a rising star in the crypto world, tapping into the growing trend of artificial intelligence in crypto. This platform, which started as a joke, has quickly become one of the most talked-about AI agents in the space.
Chainlink (LINK): A Leading Blockchain Oracle
Chainlink (LINK) has long been a favorite in the crypto world. As a top oracle, it plays a crucial role in connecting blockchains to real-world data. Chainlink is way ahead of its competitors, with a market cap 11 times higher than the next biggest oracle project. With recent developments, LINK could easily rise to $30 or more from its current price of $18.42. Even Trump’s DeFi project has invested in LINK recently.
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