- Trump’s victory increases hope in the cryptocurrency sector.
- CRO, ADA, DOGE, ENA, and NEIRO were the top gainers last week
As Donald Trump wins the 2024 US Presidential election, the cryptocurrency market has seen a significant spike. Optimism over pro-crypto policies under the Trump administration has boosted investor confidence, causing major cryptocurrencies to post strong weekly gains.
The leading gainers last week included CRO, ADA, DOGE, ENA, and NEIRO. These coins had big price fluctuations, indicating the market’s positive reaction to the political scene and the larger cryptocurrency ecosystem.
Source: (CMC)
Cronos (CRO)
Cronos (CRO), Crypto.com’s native token, has surged 115%, reaching new highs as investors react to the positive political situation. With Trump’s support for cryptocurrencies during his campaign, there is renewed confidence about the future of the crypto business in the United States. Regulatory clarity is now expected, increasing investor confidence in projects such as Crypto.com.
At the time of writing, CRO is trading at $0.1466, up 17.56% in the last 24 hours, with a market capitalization of $4.11B and a 24-hour trading volume of $316.82 million
Source: (CMC)
Cardano (ADA)
Cardano (ADA) saw a significant breakthrough over the weekend, jumping from $0.32 on November 4 to $0.58 on November 10, representing a 105.89% rise. The spike followed the retirement of SEC Chairman Gary Gensler, which has boosted investor confidence in ADA following months of underperformance and regulatory problems. And Charles’ video post on X has a significant influence. ADA is now trading at $0.6021 while marching in red and decreasing by 3.28% from 24 hours. It is the second-highest gainer in the last seven days.
Source: (CMC)
Dogecoin (DOGE)
DOGE, the meme coin that captivated the public’s interest, has seen its value soar by 84.86%. While its origins are in humour, DOGE’s determination and community-driven growth make it a top performance, particularly given Trump’s rage about the promise of blockchain technology. Musk’s social media effect post-election is significant. The meme currency has demonstrated its ability to withstand major company changes.
At the time of writing, DOGE is trading at $0.2884 and has gained by 17.48% in the last 24 hours, with a market capitalization of $42.70 billion and $18.85 billion.
Source: (CMC)
Ethena (ENA)
ENA recently broke out of a falling triangle, indicating a possible bullish turnaround. Analysts estimate that ENA will rise 100%-120% as trading volume increases by 63.42% and open interest rises by 22.15%. Euler Labs’ expanded collateral choices and consistent transaction activity contribute to the growing demand for ENA.
At the point of writing, ENA was trading at $0.645, up 14.68% in the last 24 hours, with a market capitalization of $1.80 billion and a trading volume of $1.01 billion.
Source: (CMC)
Neiro (NEIRO)
NEIRO, a privacy and decentralization project, gained traction last week following a significant update to its ecosystem. The improvement increased its privacy features and transaction speeds, which contributed significantly to its worth. NEIRO’s ongoing development distinguishes it as a leader in the privacy coin market. As all of this is happening now, NEIRO is trading at $0.002403 and facing the red march in the previous 24 hours, down to 10.11%.
Source: (CMC)
With a growing sense of stability and certainty surrounding future crypto laws, traders and investors are confident that these top gainers will continue to outperform in the coming weeks. Political shifts and increased institutional involvement are viewed as major accelerators for the digital asset space.
