Altcoins Continue To Surge Following Trump’s Victory – More Gains Ahead? 🚀

The cryptocurrency market has shown significant growth after the US elections, particularly among altcoins, following the election of pro-crypto candidate Donald Trump as the next US President. This surge is credited to expectations of supportive regulatory measures from the new administration.

Blockchain analytics firm CryptoQuant reported several altcoins, including XRP and Tron (TRX), showing remarkable price increases. XRP's price rose by 154% following the elections, while TRX noticed a significant 10 million daily transaction count. Altcoins such as Toncoin (TON) also reported a 27% rise.

Other notable altcoins like Solana and Cardano have seen gains of 62.42% and 206.06% respectively. Analysts anticipate that the current market trends indicate the beginning of an "altseason," where altcoins outperform Bitcoin.

Analysts Ash Crypto and MikybullCrypto predict this altseason will continue into early 2025, with major price surges expected. Currently, the crypto market is valued at $3.3 trillion, with altcoins making up 40.8% of this valuation.