With the 2024 US presidential race concluding, Trump’s victory raises questions about his potential impact on the crypto market. Historically, political changes have influenced financial markets, and cryptocurrencies are no exception.
The Trump administration could make unique policy changes that would affect both the regulatory landscape and investor sentiment, impacting established coins like Solana and newer projects like JetBolt (JBOLT) and Kaspa. Let’s explore how Trump’s return in 2024 could shape the future of these top altcoins.
Implications for Solana: Strengthening US-based Layer 1s?
Solana, known for its high-speed blockchain network and popularity in the DeFi and NFT fields, may face unique challenges and opportunities in the new crypto market under Trump’s term. After Trump’s victory, the price of Solana skyrocketed, exceeding $203 at the time of writing.
At the same time, Trump’s emphasis on economic growth and innovation could encourage Solana to expand its presence in the United States, potentially attracting more U.S.-based projects. Currently priced at $203.77, Solana’s strong buy signals on TradingView highlight investor confidence in its layer 1 technology.
This buying momentum suggests optimism that Solana could continue to thrive and experience strong demand. Although centralization issues remain, a compliant approach could drive Solana adoption by US developers, particularly in the DeFi space, where regulatory alignment could become essential.
Kaspa: Managing Regulatory Uncertainty Through Scalability
At press time, Kaspa (KAS) is trading at around $0.11, down 20.6% over the past month. This slowdown in KAS tokens highlights evolving pressures and volatility within the broader crypto market.
With Trump returning to power, Kaspa faces new pressures, especially if energy sustainability becomes a priority. Proof-of-work networks have often faced regulatory scrutiny due to environmental concerns, and Kaspa could be impacted.
However, if Trump follows through on his commitment to supporting compliant blockchain solutions, the market could see more new altcoins gain the recognition and adoption they deserve. With its unique approach, Kaspa could become a model for sustainable PoW networks if it gains enough traction with environmentally conscious investors, which would help it stand out in the face of regulatory changes.
Kaspa price chart over the last 30 days showing the bearish KAS price trend, from CoinMarketCap
JetBolt: Fast-Growing Presale as Market Turns Bullish
JetBolt (JBOLT) is part of the new wave of next-generation tokens and cryptocurrencies that are gaining popularity as the market turns bullish and consumer thirst for altcoins increases.
With more than 41 million tokens sold in presale, JetBolt has established itself as an innovative newcomer on the altcoin scene.
So what makes this cryptocurrency stand out? JetBolt ushers in a new era of altcoins by harnessing the power of Skale’s Zero Gas technology. This revolutionary blockchain implementation not only removes the gas fee barrier, but also introduces a new Web3 paradigm with greater ease of use and efficiency.
Early adopters also have access to JetBolt’s AI-powered Web3 news and stories tool. In addition to this, JetBolt also includes a non-custodial and client-side Web3 wallet, for added convenience and utilizing the industry-leading features of WebAuthN.
During its fast-growing cryptocurrency presale, early buyers of JetBolt tokens can enjoy discounts of up to 25% when making their token purchases in batches or through Alpha Boxes.
As the crypto market turns bullish, JetBolt is one of the new trending coins that is attracting interest from a wide range of Web3 users, from crypto whales to altcoin fans looking for new innovations in vogue.
Conclusion: Solana, JetBolt and Kaspa in a new crypto landscape
Trump’s victory is already reshaping the crypto landscape, introducing both changes in market sentiment and new trends. For Solana, this means balancing growing institutional adoption and scalability. On the other hand, for Kaspa, this could create a path for scalable PoW projects to thrive under business-friendly policies. While Solana and KAS exhibit different price trends, blockchain users are also looking for new altcoins, like next-generation JetBolt. With Zero Gas and new features, JetBolt is attracting the attention of Web3 users in an evolving crypto landscape.
Learn more about JetBolt features below:
This article does not constitute financial advice. The cryptocurrency market is constantly evolving and influenced by many factors. It is therefore crucial to understand the risks and the fact that volatility is omnipresent. Always do thorough research before making crypto-related decisions.
Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.
