Deep-dive into Feel Good Friday, as the crypto market absorbs Donald Trump election victory, FOMC rates cut, and Dogecoin price rally.
And just like that, we’re back baby! The Donald has won. Besides that, on this week’s Feel Good Friday we’ll talk about the incoming Dogecoin pump, FOMC dump, and what a Trump victory means for crypto.
Welcome back to Feel Good Friday!
It’s not a surprise Trump won; rent where I live is up 40%, but wages are hardly any better. Glad I work from home for a crypto company.
Not a good day for Kamala crypto supporters like Anthony Scaramucci and XRP’s Chris Larsen.
So what is Trump actually going to do for Bitcoin and crypto, if anything?
Will he drain the swamp? Hm. Debatable. So let’s get into it.
DON’T MISS: These Meme Coins Might 100X In The Next 6 Months
Dogecoin New ATH Soon, It Will Outperform BTC
99Bitcoin’s analyst team see Dogecoin as a solid 10x right now.
Elon will shill Doge after Trump’s inauguration.
The charges against Silk Road creator Ross Ulbricht will also be dropped in January. All of this is going to make for a legendary pump in 2025.
Potential candidates for the Department of Government Efficiency: pic.twitter.com/lvwBvLWLy1
— DogeDesigner (@cb_doge) November 8, 2024
Dogecoin
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isn’t even at its previous cycle high, and it stands as a coin with the most to gain, along with other Musk-owned companies like Tesla and X. Elon continues to make dangerous bets with high risks, like quadruple-downing on a Trump presidency, and he rolls 6s every single time.
Here are some other coins that we believe will pump best into 2025:
- Solana: Kind of late getting into this badboy. But it started at 20 last year and I see it going to 600-1000 eoy2025
- Bitcoin: Safest bet there is, 150 is all but certain next year
- Avax: The most unpredictable of the bunch, I see it going to 60 just as likely as 300
- Sui: Pretty safe 3x
Additionally, Trump will continue to print shit tons of dollars for approval ratings. That’s gonna help pump Dogecoin and Bitcoin too.
DISCOVER: The Best Altcoins to Stack Ahead of 2025 Mega Gains
FOMC Meeting Was a Wet Fart
Besides Dogecoin and Trump news, the air was thick with anticipation as the FOMC’s decision approached on Thursday, with Bitcoin recently hitting new highs above $75,0000.
Analysts predicted heightened volatility driven by the impending rate quarter point cut—seen as a near-certainty at 97.4% by CME Group’s FedWatch Tool.
The thing is, Bitcoin’s price
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didn’t soar as traders hoped, leaving us mired in a stagnant crab market with most of the gains coming from Trump’s win.
So why did this happen? Well, everyone knew the FOMC would happen, and it was already priced.
Moreover, assets typically stagnate or tank after a presidential election—and this one was only different because Trump is likely to cut taxes and deregulate crypto for developers and traders.
Analysts at 99Bitcoin are eyeing the possibility of Bitcoin reaching $100,000 soon, thanks to a stablecoin market surge. Significant whale activity is also driving Bitcoin’s price movements, with two major players scooping up large BTC amounts post-FOMC. These whales, or big-time investors, are key influencers in market trends. Pack your bags, we’re heading to $80k real soon.
DEEP-DIVE: These Cryptocurrencies Could 1,000x In 2025
Donald Trump’s New Chief of Staff
Donald Trump selected long-term campaign advisor Susie Wiles as the first member of his new cabinet, assigning her to White House chief of staff. The advisor reportedly had a condition before accepting the job.
CNN cited a source that Wiles expressed her concerns to Trump before taking the job. At the top of the list was greater control over who could reach the president in the Oval Office.
“The clown car can’t come into the White House at will. And he agrees with her,” the source told CNN.
Pay VERY close attention to who Trump assigns to his cabinet. This is the part where Trump screwed the pooch in his first presidency, we pray that he learned his lesson.
If we don’t see any help from Elon, RFK JR, or pro-Bitcoin candidate Vivek Ramaswamy we truly lost.
In two months, I really don’t want to be asking myself, “Is this going to be even worse than 2017-2021?”
That’s all we got for Feel Good Friday this week; get off your computer! Touch grass. Make a turkey sandwich. Buy Bitcoin.
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