Take a deep dive into Feel Good Friday, as the crypto market absorbs Donald Trump’s election victory, FOMC rate cuts, and rising Dogecoin prices.
And just like that, we’re back baby! The Donald won. In addition to that, this week Feel good Friday we’ll talk about the incoming Dogecoin pump, the FOMC dump, and what a Trump victory means for crypto.
Welcome back to Feel good Friday!
It’s no surprise that Trump won; the rent where I live has increased by 40%, but the salaries are not much better. I’m happy to work from home for a crypto company.
It’s not a good day for Kamala’s crypto supporters like Anthony Scaramucci and XRP’s Chris Larsen.
So what will Trump actually do for Bitcoin and crypto, if anything?
Will it drain the swamp? Hmm. Questionable. So let’s go.
DON’T MISS: These Meme Coins Could Grow 100x in the Next 6 Months
Dogecoin new ATH soon, it will surpass BTC
The 99Bitcoin analyst team considers Dogecoin a solid 10x at present.
Elon will cheat on Doge after Trump’s inauguration.
Charges against Silk Road creator Ross Ulbricht will also be dropped in January. All this will give birth to a legendary pump in 2025.
Potential candidates for the Department of Government Effectiveness: pic.twitter.com/lvwBvLWLy1
– DogeDesigner (@cb_doge) November 8, 2024
Dogecoin .cwp-coin-chart path svg { trait: ; line width: ; }
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is not even at its previous cycle high, and it is the coin with the most to gain, alongside other Musk-owned companies like Tesla and X. Elon continues to make dangerous bets with risks high, like quadrupling the bet on a Trump presidency, and he gets 6s every time.
Here are some other parts we think will perform best through 2025:
- Solana: It’s a little late to get into this bad boy. But it started at 20 last year and I see it going to reach 600-1000 eoy2025
- Bitcoin: the safest bet ever, 150 almost certain next year
- Avax: The most unpredictable of the group, I see him going to 60 as likely as 300
- Sui: Pretty sure 3x
Plus, Trump will continue to print tons of dollars to get approval ratings. This will also help pump Dogecoin and Bitcoin.
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The FOMC meeting was a wet fart
Aside from the Dogecoin and Trump news, the air was full of anticipation heading into Thursday’s FOMC decision, with Bitcoin recently hitting new highs above $75,000.
Analysts predicted increased volatility due to the impending quarter-point rate cut, considered a near certainty at 97.4% by CME Group’s FedWatch tool.
The fact is that the price of Bitcoin .cwp-coin-chart svg path { Stroke: ; line width: ; }
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didn’t climb as traders hoped, leaving us stuck in a stagnant crab market, with most of the gains coming from Trump’s victory.
So why did this happen? Well, everyone knew the FOMC was going to happen, and the price was already set.
Additionally, assets typically stagnate or collapse after a presidential election — and this one is only different because Trump is likely to cut taxes and deregulate crypto for developers and traders.
Analysts at 99Bitcoin are considering the possibility that Bitcoin will soon reach $100,000, thanks to a strong rally in the stablecoin market. Significant whale activity is also driving Bitcoin price movements, with two major players scooping up significant amounts of BTC post-FOMC. These whales, or large investors, are key influencers in market trends. Pack your bags, we’re heading towards $80,000 very soon.
DEEP ANALYSIS: These cryptocurrencies could grow 1,000 times in 2025
Donald Trump’s new chief of staff
Donald Trump has chosen longtime campaign adviser Susie Wiles as the first member of his new cabinet, assigning her to serve as White House chief of staff. The advisor allegedly set a condition before accepting the position.
CNN cited a source as saying Wiles raised his concerns with Trump before accepting the job. At the top of the list was increased control over who could contact the president in the Oval Office.
“The clown car cannot enter the White House at will. And he agrees with her,” the source told CNN.
Pay VERY careful attention to who Trump appoints to his cabinet. This is the part where Trump screwed up during his first presidency, we pray he learns his lesson.
If we don’t see any help from Elon, RFK JR, or pro-Bitcoin candidate Vivek Ramaswamy, we really have lost.
In two months, I really don’t want to ask myself: “Is it going to be even worse than 2017-2021?”
That’s all we have for Feel good Friday this week; get away from your computer! Touch the grass. Make a turkey sandwich. Buy Bitcoin.
EXPLORE: Trump Election Victory Fuels Bitcoin Price Past $75,000 as Pump.Fun Rival Pepe Unchained Breaks $25 Million Milestone
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