The US elections have finally ended with Trump ascending to the ultimate throne of the White House. In one of his presidential campaigns, Trump had promised to remove the current US SEC chair Gary Gensler from his chairmanship, which could help these three coins spike at a meteoric rate in the current cryptocurrency market.
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1. Ripple (XRP)
Ripple is one of the leading and most popular cryptocurrency coins. The token can spike at a rapid pace if Gensler is removed from the position of the US SEC chair. The legal woes that XRP had to encounter for more than two years primarily caught pace under the leadership of Gensler. The development has now intensified as Brad Garlinghouse, CEO of Ripple, took to X, urging Trump to fire Gensler without additional delays. If this happens, XRP might be the first coin to soar at a record pace, trading at a new price high in no time.
As per CoinCodex, XRP may sit at a new price of $0.64 by the end of next month.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 15.75% and reach $0.643153 by December 7, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). XRP recorded 17/30 (57%) green days with 2.48% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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2. Ethereum (ETH)
Ethereum is another cryptocurrency that has been the latest victim of Gensler’s accusations. The US SEC has categorized Ethereum as security, undermining its integrity in the Web3 ecosystem. Brad Garlinghouse, the CEO of Ripple, has come forward in support of Ethereum, counter-accusing Gensler while putting in a good word for Ethereum in the process.
If Trump manages to remove Gensler as the SEC chair, ETH may soar dramatically as well, claiming a new ATH at the same time.
According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 5.67% and reach $ 2,975.00 by December 7, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 69 (Greed). Ethereum recorded 17/30 (57%) green days with 3.47% price volatility over the last 30 days. Based on the Ethereum forecast, it’s now a good time to buy Ethereum.
3. Bitcoin (BTC)
Bitcoin may also surge to new highs if the aforementioned predicament materializes. The removal of US SEC chair Gary Gensler in general may bode well for the market, ushering in positivity into the sector. This may push Bitcoin to hit new highs, with investors renewing hopes of finally witnessing a holistic crypto infrastructure becoming a reality.
Per CoinCodex, BTC may hit $96K by the end of November 2024.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 28.38% and reach $96,945 by December 7, 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 4.78% 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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