The cryptocurrency market is always busy and responsive to even the slightest domain changes. Elon Musk is largely associated with the crypto realm and is known to advertise crypto on all possible fronts. In one of his recent interviews, Musk shared how crypto, in general, can deliver power back to the community.
Speculations about Musk assuming a cabinet role if Donald Trump wins the US elections are also spreading like wildfire, adding more pressure to the development. In this wake, stashing these three coins can be lucrative “if” Musk takes on the cabinet role shortly.
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Top Coins To Hold Now If Musk Takes On Cabinet Role In The Future
1. Dogecoin (DOGE)
Dogecoin will be the first cryptocurrency token to surge the highest amid all these leading developments. Musk’s reference to his cost-cutting duties being categorized under the Department of Government Efficiency (DOGE) has already sparked speculation about his growing fondness for the token. Dogecoin may note a remarkable price high if he ever assumes any cabinet role shortly.
According to CoinCodex, Doge may be under pressure to perform its best. CC predicts November to be a slow month for Doge, which may push the token down to note a 13% decline in its price.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -13.44% and reach $ 0.142737 by November 28, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 69 (Greed). Dogecoin recorded 18/30 (60%) green days with 11.76% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
2. Bitcoin (BTC)
Bitcoin is another cryptocurrency that may surge and peak higher if the Trump-Musk duo wins the US election. Trump has wholeheartedly shared his pro-Bitcoin stance in the current US elections, which may help the token surge higher on the radar.
Musk also owns Bitcoin, which has already crossed the $69K mark at press time. The momentum can grow stronger if Musk takes up a new cabinet role shortly.
According to CoinCodex, Bitcoin may spark a new rally by surging nearly 33% to hit the $93K mark.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 32.25% and reach $ 94,229 by November 28, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 69 (Greed). Bitcoin recorded 15/30 (50%) green days with 4.23% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
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3. Ethereum (ETH)
Ethereum is another leading cryptocurrency that Elon Musk owns and holds. The token has had a modest October, but as November approaches, ETH could spark a new rally in tandem with the US elections.
According to CoinCodex, ETH may hit the $2786 mark by next month.
“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 6.25% and reach $2,786.44 by November 28, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 69 (greed). Ethereum recorded 15/30 (50%) green days with 3.85% price volatility over the last 30 days. Based on the Ethereum forecast, it’s now a good time to buy Ethereum.”
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