Following Donald Trump’s victory in the U.S. Presidential election, crypto markets surged, with investors seeking the best crypto to buy now to capitalize on anticipated bullish trends.
This pro-crypto stance by the incoming administration has introduced a series of positive narratives likely to influence market sentiment.
Trump’s win provides a range of bullish narratives for the crypto market, with his pro-Bitcoin stance expected to draw further interest.
Earlier this year, Trump publicly supported Bitcoin, pledging to establish a national Bitcoin reserve and famously using Bitcoin for purchases in New York.
Bitcoin (BTC) surged to new highs above $75,000 as his victory became increasingly certain.
Source: TradingView / BTCUSD
Now, with a strong macro backdrop and the Fed’s recent rate cuts, there is potential for BTC to reach $100,000 by year’s end, positioning it as a top contender for the best crypto to buy now.
However, altcoins may see even stronger performance in the coming months.
With Trump pledging to replace SEC Chair Gary Gensler, a major regulatory shift could be on the horizon, creating a friendlier environment for cryptocurrencies.
Under Gensler, the SEC’s regulatory actions have been a point of contention for the U.S. crypto industry.
In addition, Trump has shown support for decentralized finance (DeFi), endorsing his family’s project, World Liberty Financial.
The Republican takeover of Congress further increases the likelihood of pro-crypto legislation next year, setting the stage for accelerated industry growth in the U.S.
With these potential changes, certain altcoins may be well-positioned to benefit. Below are some candidates for the best crypto to buy now.
Best Crypto to Buy Now – Which Are They?
Uniswap (UNI)
Leading cross chain DEX Uniswap (UNI), which launched its own chain earlier this year, has pumped 30% in the past 24 hours, per CoinMarketCap, reaching a price of $9.30.
The UNI price was hurt badly earlier this year when the SEC issued a Wells Notice to Uniswap Labs earlier this year, signaling its intent to take out enforcement action soon.
But UNI bulls will be hoping that a future pro-crypto SEC drops damaging enforcement actions like this.
That would be a major boost for UNI, substantially reducing uncertainty surrounding the token in the U.S.
Current technical analysis indicates a positive outlook for Uniswap.
The token recently broke above an ascending triangle, signaling potential for further gains towards the May/June highs in the $12 range.
A retest of yearly highs at $17 may also be within reach before year’s end, making it a strong candidate for the best crypto to buy now.
Aave (AAVE)
Aave (AAVE), a well-established DeFi protocol, has gained 27% over the last 24 hours, as reported by CoinMarketCap.
This increase likely reflects the anticipation of pro-DeFi policies from the Trump administration, especially with World Liberty Financial expected to build on Aave’s platform.
AAVE is currently trading near $170 and approaching its late September highs around $180.
Source: TradingView / AAVEUSD
Looking ahead, AAVE has the potential for major gains. In 2021, the token exceeded $650, and some traders speculate that a strong rally could push it back toward these levels.
This possibility adds to AAVE’s appeal as one of the best cryptos to buy now.
Solana (SOL)
Solana (SOL) has risen by over 10%, reaching its highest levels since July at $185, according to CoinMarketCap.
Previously classified as a security in lawsuits involving major exchanges, Solana has continued to demonstrate its versatility and popularity as a layer-1 blockchain, particularly through its support for meme trading and DeFi activities.
With the potential lifting of regulatory uncertainty in the U.S., SOL appears well-positioned for future gains, potentially achieving strong growth in 2025.
Solana advocates are eyeing a retest of yearly highs around $210, with a possible breakthrough toward the 2021 highs of $260, making it a solid candidate for the best crypto to buy now.
Better Alternatives to Consider
Trump’s victory hints at the possibility of a new altcoin season, which could extend to meme coins.
With meme coin season on the horizon, some lesser-known coins may be primed for explosive growth.
Analysts at Cryptonews.com continually track the market for promising meme coins.
Here are some meme coin presales they believe have high potential that readers may want to consider.
18 Best New Meme Coins to Buy in November 2024
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