As a seasoned investor with over two decades of experience in the financial markets, I have witnessed numerous economic cycles and market shifts. The upcoming 2024 US elections hold immense potential for the cryptocurrency market, and I find myself eagerly anticipating the developments that lie ahead.
2024 U.S. elections could significantly impact the cryptocurrency market. Given the increasing backing for cryptocurrencies from both main political parties, numerous investors anticipate a positive market trend leading up to and following the elections, even amidst ongoing Middle Eastern conflicts.
As a crypto investor, I’m optimistic that if the analysts’ forecasts hold true, both Bitcoin and altcoins are poised for substantial growth. Regardless of who emerges victorious, Bitcoin could potentially yield impressive returns. However, it’s not just Bitcoin; altcoins with robust use cases or thriving communities could see significant expansion as well. This could be an exciting time for us crypto enthusiasts!
Regardless if you’re considering investments in well-established cryptocurrencies such as Bitcoin and Ethereum or up-and-coming meme coins like Memebet, this guide aims to help you find the best cryptos to purchase before the upcoming U.S. elections. We will delve into their current market trends, price forecasts, and unique factors that set them apart in the 2024 crypto market landscape.
Best Cryptos to Buy Ahead of the US Elections – Top List
Bitcoin – Largest Cryptocurrency By Market Capitalization
Memebet – Hottest GambleFi Meme Coin ICO
Crypto All-Stars – World’s First-Ever Meme-Vault
Ethereum – Second Largest Cryptocurrency By Market Capitalization
Pepe Unchained – Pepe’s Own L2 Blockchain
Ripple – Seventh Largest Cryptocurrency By Market Capitalization
Best Cryptos to Ahead of the US Elections – Full Reviews
Below, you’ll find detailed evaluations for each suggested crypto to consider before the U.S. Presidential Election in 2024:
Bitcoin – Largest Cryptocurrency By Market Capitalization
It’s widely suggested that Bitcoin is a top pick for cryptocurrency investment before the US elections due to its enduring popularity among long-term investors in the crypto market. This year alone, Bitcoin has demonstrated remarkable strength, holding strong even amidst economic difficulties. Given this resilience, several crypto experts predict that Bitcoin could reach $74,000 by the election date and potentially rise further post-elections.
One compelling reason for considering Bitcoin is its widespread acceptance by significant world governments, such as the U.S., and its status as legal tender in nations like El Salvador. The debut of Bitcoin ETFs on US stock exchanges in 2024 has led to substantial financial investments, boosting Bitcoin’s appeal. Furthermore, potential interest rate reductions by the Federal Reserve could have a significant impact on Bitcoin’s value. Given that both presidential candidates are discussing increased regulation of Bitcoin, it seems unlikely that its price will decline in the coming month.
2021 has seen Bitcoin’s price experience significant growth at its start, subsequently oscillating between $52,000 and $65,000. This week, however, it dropped due to the intensification of the Iran-Israel conflict. Despite this recent dip, the early-year upward trend places Bitcoin among the top performing assets in 2024, boasting a Year-to-Date (YTD) gain of 52% and an Year-over-Year (YoY) return approaching 130%.
some investors interpret the Bitcoin market’s stagnation since March as a consolidation period, with hopes for another price surge ahead, particularly if pro-crypto individuals secure influential political roles. As the U.S. elections approach, many experts have forecast that Bitcoin could surpass its previous peak of $74,000 if the crypto market maintains a positive trend during the election season. Furthermore, some analysts speculate that Bitcoin could reach triple digits by 2025, regardless of the election result.
Memebet – Hottest GambleFi Meme Coin ICO
A promising option for investing in cryptocurrency prior to the U.S. elections in November is Memebet. Ideal for thrill-seeking gamblers, it offers an entertaining selection of slot games and other activities, all while rewarding users with $MEMEBET tokens. The unique blend of decentralized gambling with a lively, community-focused atmosphere has resonated strongly among crypto enthusiasts.
Unlike most meme-based cryptocurrencies, Memebet stands out by providing a distinctive function. Users can deposit and gamble their preferred meme coins within the Memebet Casino, earning tokens as prizes for winners. Intriguingly, it is the solitary online and Telegram platform where you can stake meme coins in a casino environment.
From the outset, Memebet has experienced consistent growth, and even though it’s still in its nascent stage, it has managed to cultivate a dedicated user community due to its play-to-earn functionality within the Memebet Casino. This feature offers wagering advantages that reward users for their gameplay, with earnings increasing proportionally to the amount staked. Early investors can capitalize on substantial play-to-earn gaming airdrops by acquiring $MEMEBET tokens during the presale.
Given all factors, it’s clear that Memebet stands to gain from heightened interest in the cryptocurrency market, particularly during the U.S. election season. With its diverse applications and earnings possibilities, it presents an appealing choice. Intriguingly, 20% of the total 2 billion token supply is allocated for casino rewards and airdrops. Consequently, several crypto analysts deem Memebet as the ideal coin to invest in at this moment.
To date, during its pre-sale phase, Memebet has successfully amassed over $334,000 within only a few weeks following its launch. The current price for one $MEMEBET token is set at approximately $0.0255, and it can be obtained in exchange for Ethereum (ETH), Tether (USDT), Binance Coin (BNB), and Polygon (MATIC). Additionally, users have the convenience of purchasing tokens directly using a debit or credit bank card.
In summary, Memebet is an engaging meme-based cryptocurrency that surfaced in 2024. It’s considered one of the best altcoins to invest in before the US elections. To delve deeper into this initiative, check out Memebet on X and explore its official presale page below.
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Crypto All-Stars – World’s First-Ever Meme-Vault
A cryptocurrency to consider prior to the US elections is Crypto All-Stars, an endeavor aiming to be the premier meme coin platform, uniting popular meme coins globally such as PEPE, Dogecoin, Floki, Mog, Milady, Brett, Turbo, and others under a single roof. This creative blend of gaming and cryptocurrency has garnered a growing following, particularly among younger investors who are also passionate gamers.
Ever since Crypto All-Stars began its pre-sale, it has been steadily gaining popularity, with much of this success attributed to its Memevault ecosystem. Despite being in the early phases, there’s a strong possibility that it will continue to expand, particularly as play-to-earn games gain traction. This unique platform could potentially establish itself as one of the leading meme coins, since it unites token holders globally under a single roof for staking purposes, offering substantial rewards in return.
20% of the total supply of $STARS has been earmarked for marketing the token, with the aim of drawing in more investors. The meme coin has gained attention from well-respected media sources such as Techopedia, crypto news outlets, Bitcoin.com, and CoinGape, which is fueling growing excitement about it. As each day passes, interest in Crypto All-Stars is only increasing, with analysts expressing more and more enthusiasm for the project.
Essentially, participating in the presale offers early investors a significant bonus – tripled staking rewards – that could boost their profits before the launch. Furthermore, considering the anticipated growth of the gaming and cryptocurrency industries over the next month, there’s a strong possibility that $STARS will experience substantial increases, particularly if its user base continues to expand in the run-up to the US elections.
To date, the presale for Crypto All Stars has been exceptionally prosperous, attracting a multitude of investors eager to purchase the token. Since its debut, Crypto All Stars has managed to amass over $1.8M in just a few weeks, boasting current staking rewards exceeding 800%. This impressive feat strongly suggests that $STARS could be among the leading crypto presales in 2024. At the present moment, one $STARS is valued at a mere $0.001471, with predictions of investment returns ranging from 100x to an astounding 1000x.
As a curious analyst, I invite you to delve deeper into our intriguing project by exploring our token presale page right here. Here, you’ll find the opportunity to acquire Crypto All-Stars tokens and become part of this exciting venture.
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Ethereum – Second Largest Cryptocurrency By Market Capitalization
Among the top cryptocurrencies, Ethereum, known for its role as a leading smart contract platform, stands out as a strong choice for investment prior to the US elections. Powering numerous decentralized applications (dApps) and non-fungible tokens (NFTs), Ethereum has demonstrated its worth across diverse fields such as decentralized finance (DeFi), NFTs, and decentralized governance, consistently adding value.
2024 may see Ethereum, along with other prominent cryptocurrencies, demonstrating solid performance. Its price has been moving between approximately $2,100 and $3,000. Optimism among investors is high regarding Ethereum’s long-term prospects, especially as it continues its transition to Ethereum 2.0, a shift that could significantly boost its worth in the coming months. Notably, crypto experts foresee that if the market maintains its strength, Ethereum could potentially surge past $5,000 or even higher by 2025, especially if favorable regulations for decentralized technologies emerge post-elections.
Furthermore, the recently launched Ethereum ETFs, commencing trade on July 23rd, 2024, might significantly boost Ethereum’s value. The market was taken aback when spot ETH ETFs were approved earlier this year, and financial experts anticipate that these ETFs could attract $3 to $4.5 billion within the first five months, translating to around 900,000 to 1.25 million ETH. This influx of capital may cause a considerable Ethereum shortage, further escalating its price.
In essence, Ethereum’s dominance in DeFi and NFTs, coupled with its upgrade to Ethereum 2.0 that promises faster transactions and lower fees, along with the recent introduction of Ethereum ETFs, suggests a surge in demand and positions Ethereum as an excellent cryptocurrency investment opportunity prior to the US elections.
Speaking about its price performance this year, Ethereum has experienced a significant growth of approximately 51%, but it saw a drop of nearly 25% from August onwards. However, in the past month, Ethereum’s price has shown some improvement, increasing by roughly 4%.
Based on forecasts from various cryptocurrency experts, it’s possible that Ethereum may exceed $5,000 by the year 2025, assuming a continued positive trend in the crypto market during the upcoming election season.
Pepe Unchained – Pepe’s Own L2 Blockchain
Pepe Unchained is a fresh meme-based cryptocurrency, modeled after the well-known Pepe meme, yet it distinguishes itself by merging meme culture with practical real-world applications. This innovative venture allows early investors an opportunity to be part of the initial issuance of the unique Pepe token, which operates on its own Layer 2 Ethereum blockchain network.
This essentially means $PEPU token holders can enjoy fast transaction speeds, lower gas fees, and dynamic staking rewards. The platform also offers easy bridging between Ethereum and the Pepe Chain, ensuring smooth transactions, along with a dedicated block explorer for added transparency and security. In short, Pepe Unchained is quite a remarkable project.
Since its debut, Pepe Unchained has fostered a robust community centered around its token, leading to a significant price increase that has made it highly appealing to meme coin investors. As the U.S. elections draw near, anticipation is growing that Pepe Unchained will continue to gather steam, fueled by internet popularity, regulatory developments, and backing from its community.
Essentially, investing with Pepe Unchained grants you twice the staking returns compared to conventional Layer 1 projects, making it a top choice among staking platforms. Whether you’re earning rewards, trading, or simply having fun on the platform, transactions take place more swiftly and at reduced costs. In simpler terms, no one likes paying hefty fees for trading meme coins, so Pepe Unchained offers an appealing platform for investors seeking substantial staking returns and potentially the next major crypto breakthrough.
Moreover, the Pepe Unchained presale has thrived significantly, amassing approximately $18 million just a few months following its initial launch. Presently, investors are rewarded with an exceptional annual percentage yield (APY) exceeding 100%, which may decrease as more $PEPU tokens are staked. At the moment, each $PEPU token is valued at around $0.00989, and numerous financial analysts and crypto enthusiasts forecast its potential for a 100x increase in value.
If you’re keen on learning more about this project, I recommend checking out the white paper from Pepe Unchained and keeping up with their latest updates by following them on X.
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Ripple XRP – Seventh Largest Cryptocurrency By Market Capitalization
Considering the upcoming U.S. elections, Ripple’s XRP is one attractive cryptocurrency worth considering for investment. Initially developed with the purpose of facilitating swift and affordable cross-border transactions, this token has gained significant attention among financial institutions due to its efficiency in international money transfers.
Although encountering legal hurdles during the past few years, Ripple has managed to secure notable court triumphs, strengthening investor belief in the token’s future prospects. In 2024, there was a revival for XRP, mainly fueled by these legal successes against the SEC, leading to renewed curiosity about the token. At present, it is trading at approximately $0.65, marking an increase of almost 32% over the past 3 months.
The main factor driving up the price is the conclusion of the prolonged XRP-SEC lawsuit. After winning their legal battle against the SEC, who claimed that XRP was an unregistered security, interest from investors has returned, causing XRP to rise and become the seventh largest cryptocurrency in terms of market capitalization once again.
Given this perspective, numerous cryptocurrency experts anticipate that as regulatory certainty strengthens, the price of XRP might exceed one dollar by the end of 2024 and potentially reach $2 by early 2025. This prediction is particularly strong if pro-cryptocurrency candidates manage to enact favorable policies regarding digital assets in the United States.
In summary, boasting standout characteristics like minimal transaction fees, robust relationships with financial entities and payment systems, and a unique consensus mechanism and list of nodes – Ripple XRP is one of the top cryptocurrencies to invest in before the upcoming U.S. presidential elections.
Today’s headline-grabbing update: Bitwise has submitted an application for an innovative XRP Exchange Traded Fund (ETF), a pioneering move. If approved, this could potentially make XRP one of the most promising cryptocurrencies to invest in during Q4, offering substantial returns.
How Will US Elections Affect the Crypto Market
It’s widely believed across different viewpoints that the 2024 U.S. elections could significantly influence the cryptocurrency market. Given the increasing pro-cryptocurrency leanings among both major candidates, Donald Trump and Kamala Harris, there’s a possibility that regulatory conditions for cryptos may become more favorable. Some experts even predict that the crypto market might grow robustly regardless of who wins the election.
To put it simply, many people in the market are favoring Donald Trump’s win right now because of his statement that he wants cryptocurrency to be mined, minted, and produced within the United States. Some analysts predict that if Kamala Harris wins instead, the market will continue its growth. However, a Republican victory could potentially create even more optimistic market conditions.
Furthermore, traditionally, financial markets have tended to respond favorably to election results leaning towards less regulation and economic expansion. This pattern holds true for the cryptocurrency market as well. A firm stance on crypto-friendly regulations might attract more institutional investments, potentially causing prices to rise.
As a researcher delving into the dynamic world of cryptocurrencies, I’m observing that the regulatory terrain in the United States is continuing to shape and transform. Over the past few months, President Trump’s comments on the regulation and growth of the crypto market have significantly influenced the discourse leading up to the US election. These remarks have, in essence, redefined the narrative. In response, Vice President Harris has also signaled her support for cryptocurrency regulations, mirroring a stance taken by the incumbent. This unexpected alignment from both candidates on the issue of crypto regulation has sparked excitement among supporters, fostering hope for a pro-crypto presidential election from both parties.
US Elections Status
By October 2024, surveys indicate a tight contest between Kamala Harris and Donald Trump in the U.S. presidential race. Notably, both candidates have endorsed cryptocurrencies, according to available information. As per The New York Times’ latest report, Kamala Harris is currently ahead with 49% of the votes, while Donald Trump trails slightly behind with 46%.
In simple terms, so far, Kamala Harris seems to emphasize innovation and regulation, while Donald Trump leans towards minimal intervention. The upcoming election may significantly impact how cryptocurrencies are regulated and their place within the overall financial system.
Summary
As the United States elections draw near, the cryptocurrency market offers enticing investment prospects. Ranging from well-established digital currencies such as Bitcoin and Ethereum to innovative meme coins like Memebet and Pepe Unchained, investors have a diverse selection to choose from in the lead-up to a potential pro-crypto US election. Moreover, even if the election results do not favor crypto supporters, the overall positive sentiment towards cryptocurrencies is anticipated to persist as we move towards October. This month, historically, has been favorable for Bitcoin and the broader crypto market, making it an opportune moment to invest in this dynamic sector.
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2024-10-02 21:58