After three long years, when almost nothing went according to plan for crypto investors, Bitcoin and Ethereum ETFs, followed by the halving, have once again ignited the market. However, as all crypto investors know, the initial catalyst for the official start of a bull run has historically been the U.S. Presidential Elections. Judging by what’s happening just a week after Trump’s victory, it seems this time will be no different! Bitcoin is hitting new all-time highs (ATH) daily, and according to all the projections, the best is yet to come! Let us see when we will see new crypto millionaires.
U.S. Presidential Election – Donald Trump’s Victory
After many gaffes from the Democratic candidate and current president, Joe Biden, the “Blue” team decided to change their nominee. They put forward Kamala Harris, hoping fresh blood would turn things around in their favor. Although the popular crypto betting site, Polymarket, raised Harris’s chances of winning to 51% shortly after her nomination (percentages rise and fall based on bets), Trump found himself back in the lead as the favorite just weeks before the election, with a 66% probability. That prediction ultimately came true.
Throughout his campaign, Trump repeatedly emphasized the importance of cryptocurrency and Bitcoin. He stated that if the U.S. doesn’t lead the market, another country will take the lead—a scenario that the businessman Donald Trump certainly doesn’t want to allow. Additionally, he announced that on the first day of his presidency, he would fire SEC Chairman Gary Gensler, who had led a robust anti-crypto policy in recent years. The new president is not stopping there; he has also proposed national Bitcoin reserves. This move is supported by the fact that there is growing speculation that Scott Bessent, a pro-crypto figure, will be part of Trump’s Treasury Secretary team.
Bitcoin Hits 90,000 USD
Although all these promises sounded more than appealing, one thing stood between them and their realization: Trump’s victory. However, when the media officially declared the Republican Party’s victory the day after the election, the entire crypto market experienced a massive surge. Bitcoin reached new all-time highs hour by hour. On Tuesday, November 11th, it touched 90,000 USD, marking the highest price this virtual currency has ever reached at the time of writing. Naturally, other altcoins followed Bitcoin’s rise. Ethereum jumped from a modest 2300 USD to its current 3300 USD, experiencing a 30% increase.
Yet, according to many experts, the entire crypto market is still poised for expansion. Especially when the long-awaited “Alt Season” begins—when money flows from Bitcoin into the remaining tokens. A decline in Bitcoin’s dominance marks this period. Historically, it doesn’t last long, meaning you only have a few weeks to capitalize on potential profits.
How to Choose the Best Altcoins?
While the entire market is in constant growth, it’s clear that occasional dips (sharp declines in token prices) will occur. Unlike a bear market, in a bull market, these dips serve as investment opportunities. They allow you to position yourself even better with the tokens you hold. When everything rises, it’s easy to be a trader and profit. However, the goal and priority of every experienced investor is to find a token that will “overperform.” Knowing one that will deliver better results compared to other currencies.
Based on observations from recent periods, we’ve concluded that tokens that recover the fastest after a dip tend to deliver the best results and lead the next rally. Moreover, it’s crucial to follow current narratives to indicate which tokens will perform the best in the coming period. Below, we’ll briefly highlight some tokens we believe will fare well shortly.
Current Trends and Tokens for Investment
The situation regarding narratives has mainly remained unchanged throughout the year. The two markets that have performed the best so far are meme tokens and AI tokens (artificial intelligence). Of course, along with them, there are also L1 tokens as the platform for the entire crypto market. We believe these three narratives will continue to be the leaders in the upcoming period.
Meme tokens
Although the meme token pump marked the end of the bull market in the previous bull run, the situation is drastically different this time. From the start of the growth, this narrative has been one of the leaders. Many tokens in this category have experienced massive surges.
This was also the case after the U.S. presidential elections, when DOGE, GOAT, PEPE, WIF, and many others pumped by 50+% or more. Of course, meme tokens come with a significantly higher risk. So, during a bull run, we always recommend choosing one of the more established coins.
Our portal will always prioritize coins that did not exist in the previous bull market in this segment. Therefore, if we had to choose one token from this narrative that could significantly impact, it would be PEPE. This token did not exist four years ago and is one of the leaders on the Ethereum network. Furthermore, the Pepe frog is the most recognizable meme globally and has an extensive cultural history. However, the most important reason we are choosing this cryptocurrency is that it is still not listed on one of the largest global exchanges, Coinbase. That gives it incredible potential for a pump when that happens.
AI tokens
With the development of ChatGPT and many other programs related to artificial intelligence, a crypto narrative has emerged offering services tied to the AI market. What gaming was in the previous bull run is now the AI sector. Based on everything shown so far, it’s clear that a lot is expected from this narrative. The selection of AI-related tokens is extensive. Still, despite that, the market leaders are TAO, Render, Aethir, and FET, and we believe that no matter which one you choose, you won’t go wrong. However, if we had to pick just one, our current vote would go to Render, as a token we believe offers the best “risk-reward” ratio. The current price of this token is 6.50 USD, and we are confident that it can provide multiple returns to any investor.
Layer 1 tokens
Crypto technology wouldn’t exist without Layer 1 technology. For this reason, it’s logical that this narrative will always be in demand. The leader, of course, is Ethereum, which is often criticized, but despite that, it remains by far the highest quality blockchain. One of the developers of this network stated at a recent conference, “Ethereum often faces issues because it’s ahead of everyone else and is the first to find itself in a position that others won’t reach for a while.”
This is mainly true, but the commitment to improving the network shows that work is constantly being accomplished on this blockchain. Recently, rumors have emerged about a so-called Ethereum 3.0 version that would further enhance the entire system, but until that’s official, we’ll have to function on the current PoS. At the time of writing, the price of ETH is 2300 USD, which is 36% below its ATH, and there’s clear plenty of room for price growth.
The other blockchain that, aside from its quality work, has gained fame thanks to its incredible community is Solana. Few believed this token would bounce back after plummeting to an astonishing $9. Still, now, two years later, the price of Solana is $210, and we believe it will soon surpass its previous ATH, after which we will enter the “Price Discovery Phase.” For this reason, we consider this token a “must buy” from the L1 narrative.
In the chapter related to Meme tokens, we mentioned how important it is to find a token that didn’t exist in the previous Bull market. We believe that SUI will achieve the greatest success within the L1 narrative in the upcoming period.
Conclusion
Based on everything we’ve seen so far, we are still in the early stages of the Bull run, and if you plan to invest in any of the cryptocurrencies, now is the right time. We advise thoroughly researching the tokens and investing in those you believe in the most. Follow trusted people in the crypto world, and don’t fall for the fairy tales that paid influencers spread on Twitter.
Make your own decisions! Once you’ve chosen a token that you believe is the right one, don’t impulsively switch to another that may seem to be performing better at the moment. Keep track of current narratives, pick the tokens you trust, and most importantly, create a plan for taking profits so you don’t end the bull cycle, saying, “I would have had a huge amount if I hadn’t waited for one more jump.” On our portal, you can find more articles on crypto investing and profit-taking strategies, so we recommend that if you’re new to the market, you read some of them.
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FAQ
What is the best way to buy cryptocurrencies?
The best way to invest in cryptocurrencies is through a decentralized exchange, but this can be complicated for newcomers to the market. Therefore, we always recommend opening an account on one of the most trusted centralized exchanges, such as Binance, Coinbase, Gate.io, or Crypto.com, and buying the tokens you want through these platforms.
How to protect your cryptocurrency assets?
Although centralized exchanges are largely reliable, the old saying “Not your key, not your coins” constantly reminds traders that the best way to protect their cryptocurrencies is to store them on a cold wallet, such as Ledger, Tangram, or Trezor.
How high can Bitcoin go in this Bull Market?
It is tough to answer this question, as many expected the best-case scenario for this Bull Market to reach the magical $100,000 mark, which is now almost within reach. Given that, it’s clear that ambitions have risen, but predicting a maximum price in this Bull Market is tricky. However, if we had to choose, we would set it around $120,000.
What does Bitcoin dominance mean?
Bitcoin dominance represents the percentage of the total cryptocurrency market that is held in Bitcoin. It is also an indicator of whether we are in a Bull or Bear market, as well as whether we’ve entered an Altcoin season. The lower Bitcoin’s dominance, the higher the chances we are in an Altcoin season. This typically happens when Bitcoin’s dominance drops below 50%.
How to follow current narratives?
Following narratives is generally easy, as simply observing which tokens are growing the most will provide information on which narrative is trending. There is no doubt that the leaders of this Bull market are Meme tokens and cryptocurrencies related to artificial intelligence, but these trends are subject to change depending on current events.
