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Experts say Trump’s policies could push Cardano and Dogecoin to new highs, but a $0.08 altcoin may be the biggest winner.
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People are buzzing about how Donald Trump’s influence might help boost some popular cryptocurrencies, like Cardano (ADA) and Dogecoin (DOGE).
Experts think these coins could hit new highs, but another altcoin DTX Exchange (DTX), priced at just $0.08, is also getting a lot of attention. With Trump’s support for crypto-friendly policies, people are excited to see how these coins might grow. Could this be the start of big gains for crypto fans?
ADA rises as Hoskinson joins U.S. crypto policy talks
On November 10, 2024, ADA, went up by 35% after Charles Hoskinson, who created Cardano, announced that he would start working with U.S. lawmakers to help shape new cryptocurrency rules.
Charles is stepping in at a necessary time because the U.S. government focuses more on digital currencies like Bitcoin, Ethereum, and ADA. With Donald Trump back as president, there are more discussions about creating fair rules that keep people safe and allow for new ideas and growth in crypto. Charles hopes to help guide these talks so that the government makes smart choices that support crypto growth.
In a video on X (formerly Twitter), Charles said, “I’m going to be spending a lot of time working with lawmakers in Washington, D.C., to help with the crypto policy.” This news increased ADA’s price by 35% because people felt excited and hopeful about Cardano’s future.
This price jump made Cardano one of the top performers among significant cryptocurrencies, especially since many others are dealing with uncertain regulations.
Trump announces new DOGE government department with Musk
Dogecoin had a big jump on Tuesday night, continuing its recent surge after Donald Trump, who just won the election, announced he’s creating something called the Department of Government Efficiency. In his statement, he even called it “DOGE”.
Trump said that Tesla CEO Elon Musk and Vivek Ramaswamy, who once ran for president and helped start a big investment company, will be in charge of this new department. They’re planning to help cut down on extra rules, reduce wasteful spending, and reorganize how government agencies work.
After Trump’s announcement, Dogecoin’s price increased by almost 20%. It hit a high of around 43 cents but later settled at 37 cents. Since Election Day, Dogecoin has done well, going up 153%, which is way more than Bitcoin, which only went up 30%. Dogecoin even passed XRP, to become the sixth biggest in terms of value.
DTX Exchange: One-stop trading for crypto, stocks, and more with Phoenix Wallet
DTX Exchange is a place where people can trade lots of assets like digital money (cryptocurrencies), stocks, gold, and even oil all in one spot. This November has been a great month for DTX. The platform has raised over $7.48 million, and the DTX coin, their special currency, has gone up by 300%. Right now, one DTX coin costs around 8 cents, and experts think it might increase by another 50% soon.
DTX Exchange is special because it mixes two types of trading platforms: CEX (centralized exchanges) and DEX (decentralized exchanges). This “mixed model” lets people trade over 120,000 different assets on the same platform. DTX also respects users’ privacy, so users don’t have to share personal information to start trading. Plus, anyone can use DTX from anywhere in the world.
DTX Exchange also has something called the Phoenix Wallet. This wallet helps users keep all their assets in one place, so if traders have digital money, stocks, or foreign currencies (like dollars or euros), they can manage everything in one app. The Phoenix Wallet makes it easy to hold, invest, and trade all in one app.
For more information, visit the DTX Exchange presale website and join the online community.
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This article first appeared at crypto.news
