The cryptocurrency markets have witnessed significant gains influenced by the November elections. Many altcoins have made crucial announcements to stand out positively during the upward trend and will continue to do so. Although recent U.S. data briefly halted this upward momentum, further increases are likely depending on upcoming data releases.
Key Developments in Cryptocurrency This Week
As in previous weeks, we address important developments awaiting cryptocurrency investors in the coming days. Preparing for major events is essential, as fluctuations in the market are evident. For instance, it became nearly certain that Gensler would resign following the elections, and we discussed the potential rise in XRP Coin prices. This prediction has come true as XRP Coin is now trading above one dollar. The same applies to DOGE, where Elon Musk’s proposal for the D.O.G.E department is driving Dogecoin $0.013681‘s increase.
Below, we list the new significant developments set to occur this week, along with their dates and times. We will also continue to announce these important developments throughout the week.
Cryptocurrencies Expected to Rise
In the coming days, we may learn the name Trump is considering for the SEC. With this official announcement, everyone will expect Gensler to provide a definitive date or signal for his resignation. The departure of the individual who has haunted cryptocurrency investors for the past four years is a significant upward catalyst.
We might also observe that any new statements from Trump regarding cryptocurrencies contribute to price increases. Additionally, altcoin teams will continue to announce partnerships and upgrades to differentiate positively.