Old Trump Secures Victory China to Lift Cryptocurrency Ban Fueling Bull Market for 5 Popular Altcoins

Crypto market reacts to Biden and Trump debate
BODEN drops 19%, TRUMP drops 11%, MAGA drops 4%. It’s clear who performed worse.
Vice President of the Hong Kong University of Science and Technology, Wang Yang, believes that China’s complete ban on cryptocurrency mining is unwise. This has resulted in miners moving to the United States, bringing in over $4 billion in tax revenue. He suggests that state-owned enterprises should be allowed to mine or invest in cryptocurrency to ensure risk control. With the possibility of Republican presidential candidate Donald Trump being elected, Wang Yang believes that the Chinese government should reconsider the significance of cryptocurrencies.
“It’s possible that China will reconsider what digital assets are and whether we should embrace them. In the development of the ‘Belt and Road’ countries, it is ultimately certain that we will be able to tokenize real-world assets.”
He continued, “But China’s strategy may really need to go this way. If Trump takes office, China will need to reevaluate all these policies in a very short period of time.”
Trump’s recent stance on Bitcoin and cryptocurrencies has undergone a 180-degree shift. He has expressed support for the self-custody of cryptocurrencies.
Wang Yang admitted that he considered Bitcoin and blockchain scams in 2012 and 2014, missing out on the opportunity.
“Hong Kong’s pace in service is too slow. We seem to be satisfied with the status quo. Hong Kong should have a higher goal, determination, and even a belief to lead the development of the entire region, including the future of blockchain technology.”
(In addition to the Bitcoin conference, Trump’s speech may also be favorable for political meme coins like Trump, Maga, and People, so you may want to keep an eye on these coins for unexpected surprises.)
5 popular altcoins expected to surge in the 2024 bull market!
1. PEPE
PEPE coin has the potential to reach $1! Many people think PEPE coin won’t reach $1 because there are too many circulating tokens in the market. It seems impossible for 4.2 quadrillion tokens to reach $4.2 quadrillion. But think about it, in 2009, Bitcoin was only a few cents. 15 years later, it surged to $73,000 per coin. Why did it rise so high? Time is the biggest factor. PEPE coin has deflationary mechanisms that can burn tokens at any time to increase the price. With each transaction, a small amount of tokens will be burned and removed from the system. Although this feature is not yet available, imagine the trillions of tokens that will be burned. PEPE coin is popular in the cryptocurrency community, with large price fluctuations and the potential to make a profit within a year. Unfortunately, many people don’t understand deflationary mechanisms. But it doesn’t matter, time will prove everything!
2. WLD
There are several reasons why WLD cryptocurrency could reach $1 million per coin: Limited total supply: WLD has a total supply of 143 million coins, with 43 million coins allocated to verified users on the World App and 100 million coins allocated to market makers outside the United States to facilitate trading. This means that the circulation of WLD is relatively low, which will help boost its price. Strong team: WLD was co-founded by Sam Altman, Alex Blania, and Max Novendstern, the founders of OpenAI. They are experienced technical experts and entrepreneurs with successful track records. This will contribute to the development and promotion of WLD. Unique value proposition: WLD aims to provide a unique digital identity for everyone in the world. This identity can be used for various purposes, such as accessing financial services, receiving social welfare, and participating in online communities. This gives WLD a wide range of potential uses and the possibility of significantly increasing its demand. Of course, WLD also faces challenges such as market volatility and regulatory uncertainties in the cryptocurrency market. However, if WLD can overcome these challenges, it has the potential to reach $1 million or even higher.
3. BONK
Bonk is one of the leading meme coins on the Solana blockchain, predating similar projects. It takes pride not only in being a meme coin but also in being driven by a vibrant community, described by its developers as “for the people, by the people.” Since its inception, Bonk has been focused on enhancing liquidity within the Solana ecosystem, successfully driving up the value of $SOL and various other tokens on the network to new highs. Currently, the price of $BONK is $0.00002484, with a 24-hour trading volume of $242.32 million and a market cap of $1.39 billion. $BONK’s price has experienced a slight decline of 9.66% in the past 24 hours, and its 14-day RSI is 35.85, indicating neutral sentiment. Bonk’s current price is above its 200-day simple moving average (SMA) of $0.0000195. Looking ahead, Bonk may further grow in the upcoming bull market, especially with the expected launch of recently approved Ethereum ETFs.
4. FLOKI
Inspired by the meme coin phenomenon led by Dogecoin, Floki Inu has quickly become a significant player in the cryptocurrency market and could bring astonishing returns of 1000% by the end of 2024. Named after Elon Musk’s beloved Shiba Inu, Floki Inu stands out with its strong community and proactive marketing strategy. While rooted in meme culture, Floki Inu aims to add real value to its token through practical applications such as creating an NFT marketplace and metaverse. With an engaging brand and active social media presence, Floki Inu has attracted a loyal group of investors seeking high returns. Despite initial skepticism, Floki Inu has shown resilience and rapid growth, thanks to its passionate community and dedicated development team. Currently priced at $0.00017533, it has experienced a 10.07% decline in the past 24 hours, with a market cap of $1.61 billion. Floki Inu has grown by a remarkable 658.18% in just one year, demonstrating strong performance and promising prospects. It presents an attractive investment opportunity for those seeking substantial returns in the near future.
5. LINK
Chainlink (LINK) is a crucial component of blockchain technology, providing a secure and reliable decentralized oracle network. These oracles provide real-world data to smart contracts, enabling them to operate based on accurate and up-to-date information. Price information: Essential for decentralized finance (DeFi) applications, providing accurate financial data to smart contracts. Insurance: Provides reliable data for various insurance applications, such as weather data for crop insurance or shipping data for maritime insurance. Chainlink’s technology ensures tamper-proof and precise data for smart contracts on DeFi platforms, maintaining the integrity and reliability of these platforms. In addition to financial data, Chainlink’s applications in insurance and other fields highlight its broad utility and growth potential.