With Donald Trump sweeping to victory, the crypto market bounced as the shackles of the last four years were finally loosened. The Kaspa price has been one of the most impressive, bouncing over 10% on the news, while Tron investors enjoyed some gains after a few weeks of bearish uncertainty.
What next for these two cryptos and the entire market? Is it now all systems go? Let’s take a look and see what else is going on in the cryptosphere.
Kaspa Price Sees Nice Bounce with Election Outcome
The Kaspa price has gained 10% on the news of Trump’s resounding victory in the U.S. election, signaling a positive reaction from the crypto market. Despite this recent boost, however, the token remains 40% below its August all-time high (ATH), leaving plenty of room for potential recovery.
Kaspa is an innovative Layer-1 solution that uses a blockDAG architecture designed for fast and efficient transactions. With the bullish pump, the crypto market is signaling confidence in the project’s long-term potential. With the bull market all but confirmed it could turn out to be an excellent few months for the Kaspa price.
With Trump winning, the market should continue to trend bullish, and investors eager for Kaspa’s unique technology and decentralized infrastructure look well positioned for some steady gains during the bull market.
Tron Price Gains Marginally Amid Post-Election Rally
Tron saw a positive price reaction following Trump’s triumph, although the response was notably more muted compared to other altcoins. That being said, Tron has been one of the best performers over the last 12 months, so taking a break from big gains isn’t always a bad thing.
Tron has been one of the most popular altcoins since it first launched in 2017, and is one of the busiest L1 blockchains. It allows for dApps and DeFi platform development and is the single most used blockchain for stablecoin transactions.
Many fear that stablecoin transactions on Tron will be cut due to Bitcoin L2s such as Lightning Network and Liquid. But there’s been no huge shift from Tron, and as long as transactions remain super cheap and fast then we believe it will always remain on the Tron blockchain.
Investing in Kaspa, Tron, and the Wider Crypto Market
The crypto market received a huge boost with the Trump victory, and the bull market is set to be the biggest ever according to many analysts. Both Kaspa and Tron should do well, although many believe their biggest gains are behind them.
Not so for brand new crypto Lunex Network, a DeFi platform that is readying the decentralized finance industry for mainstream adoption. It’s building an inter-connected ecosystem and its decentralized exchange will allow for cross-chain asset transfers that are instantaneous, secure, and most importantly, non-custodial.
The Lunex presale has been a resounding success so far. They have already raised $1.9m while the token price is up more than 50%. Not bad for a presale, but analysts have been bullish on Lunex Network since it was first announced, and with the Trump factor set to ignite the bull run, it’s time for those big gains that only the crypto market can bring.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
