3 Altcoins to Watch After the U.S. Elections: A Post-Election Digital Asset Surge

Following the U.S. presidential elections, the cryptocurrency market has experienced a significant uptick, attracting the attention of investors and traders.

According to WatcherGuru, the election results have sparked a bullish sentiment among crypto traders, boosting interest in altcoins.

3 Altcoins to Watch After the U.S. Elections

In particular, three altcoins are expected to perform well and should be on the radar of investors in the coming months.

Dogecoin (DOGE)

Dogecoin, the meme coin backed by Tesla CEO Elon Musk, has long been a favorite among cryptocurrency holders. Despite some skepticism in the past about Musk’s continued support, recent tweets and actions suggest that the Tesla mogul is still very much invested in the future of DOGE. In fact, the price of Dogecoin has surged by over 70% in recent weeks, with the coin currently attempting to establish support above the $0.18 mark. If this level holds, DOGE could target higher levels around $0.20 and potentially even $0.30, making it an appealing option for those looking for a risk-on investment in the altcoin space.

Solana (SOL)

Solana, another leading altcoin, has shown remarkable performance over the past few years, despite a major setback following the collapse of the FTX exchange in 2022. After falling below $10 during the crisis, Solana has staged a strong recovery and continues to show positive momentum. Standard Chartered Bank has forecasted a dramatic increase in Solana’s price if Donald Trump wins the presidency again. According to their predictions, Solana could see a price increase of up to 400%, which would push its value to a record $641.4—an impressive gain for this fast-growing blockchain platform.

Ethereum (ETH)

Ethereum, the second-largest cryptocurrency by market cap, is another altcoin that could benefit from the post-election rally. Ethereum has already seen some impressive growth this year, especially following the launch of its spot ETFs (Exchange-Traded Funds). Standard Chartered Bank remains highly bullish on Ethereum, projecting a short-term price target of $8,000 and a long-term target of $35,000. As Ethereum continues to benefit from growing institutional interest and technological advancements, it remains one of the top altcoins to watch in the coming months.

Conclusion

With the U.S. elections sparking renewed optimism in the crypto market, Dogecoin, Solana, and Ethereum are three altcoins that investors should keep an eye on. Each of these cryptocurrencies has unique strengths and growth potential, and they could see significant price movements as the market continues to respond to post-election trends. Whether you’re a seasoned crypto investor or just getting started, these altcoins could offer exciting opportunities in the rapidly evolving digital asset space.