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Reading: Trump Supports Crypto and Sparks XRP Price Surge
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COINTURK NEWS > Ripple (XRP) > Trump Supports Crypto and Sparks XRP Price Surge
Ripple (XRP)

Trump Supports Crypto and Sparks XRP Price Surge

In Brief

  • XRP's price surge is linked to Trump's crypto-friendly policies.

  • Investors are encouraged to focus on AI and infrastructure projects.

  • Confidence in the crypto market is rising with potential SEC leadership changes.

Fatih Uçar
Fatih Uçar 7 months ago
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XRP has surprised investors by rising from $0.50 to over $2.50. Experts attribute this increase to Donald Trump’s crypto-friendly approach and potential changes at the SEC. The anticipated pro-crypto policies of Paul Atkins, who is expected to become SEC Chairman, have created optimism in the markets.

Contents
Trump’s Crypto Backing and Potential SEC ChangesInvestors Shift Towards AI and Infrastructure Projects

Trump’s Crypto Backing and Potential SEC Changes

Donald Trump is gaining attention for his cryptocurrency policies. Analysts indicate that changes in the SEC’s leadership are significantly impacting XRP’s price surge. Analyst Miles Deutscher stated that the expectation of a crypto-friendly name taking over the SEC is behind this rise. He remarked, “If Paul Atkins becomes SEC chairman, XRP could have a promising future,” linking XRP’s recent jump to a decrease in legal uncertainties.

Trump’s positive attitude towards the crypto market has boosted investor confidence. He also promised to create a Bitcoin $106,266 reserve, suggesting that the U.S. could invest in Bitcoin on a larger scale. Such a move could increase Bitcoin’s demand globally, with countries like Brazil also planning national Bitcoin reserves.

Investors Shift Towards AI and Infrastructure Projects

Miles Deutscher anticipates that investors will focus on artificial intelligence projects and infrastructure-centric coins in the future. He noted, “Memecoins might attract interest in the short term, but projects that provide long-term benefits will stand out.” Deutscher also advises investors to avoid excessive trading and take a strategic approach, stating, “Market fluctuations are natural. Acquiring quality assets at lows and being patient leads to success.”

The expected changes under Trump’s administration and potential innovations at the SEC are likely to increase interest in cryptocurrencies like XRP. Investors can achieve success in the markets by leaning towards stable and innovative projects in the future.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 4 December, 2024 - 11:14 am 4 December, 2024 - 11:14 am
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