Can Altcoins Surpass Bitcoin After Trump's Inauguration as US President?

Bittime - With appointment Donald Trump As the US President approaches, many crypto traders and investors are starting to question the possible impact on the cryptocurrency market, especially Bitcoin and altcoins. 

This article will discuss whether altcoins can surpass Bitcoin after Trump's inauguration, as well as factors influencing market movements.

Impact of Trump's Inauguration on Bitcoin

Some analysts believe that Bitcoin may experience a price dip after the inauguration, perhaps after a temporary spike towards the $108K-$110K range. However, this bearish view remains until the market shows different signs.

Prediction of decline Bitcoin Dominance Which Will Trigger Altcoin Season 

Source: TradingView/Islam_Ambassador

Will Altcoins Perform Well?

Many people wonder whether altcoins will perform well if Bitcoin experiences a downturn. The answer is yes, there is a possibility that altcoins could surpass Bitcoin in this scenario. 

Many traders are looking forward to Trump's speech on January 20, considering the market rally that occurred during the election. 

However, they often ignore the fact that if Trump makes statements that contradict Bitcoin's ideology or mention delays in development Bitcoin Strategic Reserve, this could trigger a significant sell-off.

Read too Altcoin Price Analysis and Prediction According to Crypto Academy

Market Reaction and Altcoin Movement

Market reactions are not always instant. Whalers or large holders often move their funds to altcoins first, which can lead to a decline in Bitcoin dominance as Bitcoin consolidates or slowly declines. 

Thus, it is hoped that altcoins will experience a steady increase and fill their respective zones before the market finally experiences a decline. 

However, it is important to note that not all altcoins will see a rise; only altcoins with good potential should be chosen wisely.

Positive Altcoin Market Structure

The total structure of the altcoin market is showing bullish signs after retesting support levels. This shows that there is an opportunity for altcoins to grow, especially if Bitcoin experiences a downturn. 

One of the key indicators in this analysis is Ethereum (ETH). ETH often leads altcoin rallies thanks to its strong performance and because most altcoins on decentralized exchanges (DEX) are built on the Ethereum or Solana networks. 

Currently, ETH is showing strong bullish signals, signaling a potential altcoin rally.

Altcoin Movement Retests and Potentially Bullish 

Source: TradingView/Islam_Ambassador

Conclusion

In closing, it is important to remember that the cryptocurrency market is very dynamic and can change quickly. Therefore, always do your own research before making an investment decision.

FAQ about Altcoins and Bitcoin Post Trump Inauguration

Can altcoins surpass Bitcoin after Trump's inauguration?

Yes, there is a possibility that altcoins could surpass Bitcoin if Bitcoin experiences a downturn. Many traders hope that Trump's speech will influence the market, but statements that conflict with Bitcoin's ideology could trigger a sell-off.

What influences altcoin movements when Bitcoin goes down?

Whales often move their funds to altcoins first, which can lead to a decline in Bitcoin's dominance. This allows altcoins to experience a steady rise before the market experiences further declines.

Why is Ethereum (ETH) important in altcoin analysis?

Ethereum often leads altcoin rallies due to its strong performance and many altcoins on decentralized exchanges (DEX) built on the Ethereum network. Currently, ETH is showing bullish signals which could signal a potential rally for other altcoins.

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Reference

@Islam_Ambassador Binance Post, WILL ALTCOINS OUTPERFORM BITCOIN IF BTC DUMPS AFTER INAUGURATION?, Accessed January 20, 2025

Author: IN