$6.9M Portfolio, With One Altcoin Ready For A Major Rally
latest data Market intelligence firm Arkham Intel has revealed that President-elect Donald Trump’s cryptocurrency portfolio has seen significant growth, coinciding with a strong rise in cryptocurrency prices following his election as president. election victory November 5th.
Although Bitcoin (BTC) is at the heart of Trump presidential campaignOne noteworthy asset he holds is Ethereum (ETH), where he owns nearly 496 tokens. The altcoin has been the best performer among his investments, rising 38% in the past 30 days.
Trump’s cryptocurrency holdings shine
Cryptocurrency analyst Michael van de Poppe noted that there is a bullish divergence on Ethereum’s daily chart, indicating that the current market dynamics are ripe for further growth.
analyst Confirmed A key driver behind ETH’s recent performance: a sharp decline in government bond yields. As those yields decline, investor interest in riskier assets like Ethereum tends to increase, pushing prices higher, Vanderpop said.
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Van de Poppe elaborated that continued volatility in the yield market could have a significant impact on Ethereum’s trajectory. As labor market week approaches, he speculated that the Fed could implement more rate cuts if economic indicators weaken. Such actions could lead to lower yields, further pushing the price of Ethereum higher.
Another analyst, Jesse Olson, echoed the optimistic outlook, saying noticed Ethereum’s dominance over Bitcoin is showing signs of bullish divergence. His analysis suggests that positive momentum could soon lead to significant buying opportunities for ETH.
As a result of these developments, Trump’s cryptocurrency holding The surge of nearly $1.6 million in the past 24 hours reflects the positive market sentiment surrounding Ethereum and other tokens in its portfolio.
Significant investment from TRON founder
On a related note, cryptocurrency entrepreneur Justin Sun has become a major investor in Trump’s World Liberty Financial, pledging to invest $30 million in decentralized finance (DeFi) projects.
Mr. Sun, the founder of TRON cryptocurrency, Announce He supports Trump’s vision of turning the United States into a blockchain hub. “TRON is committed to making America great again and leading innovation,” he noted, underscoring the project’s ambition to democratize financial services by eliminating intermediaries.
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Shortly after Trump survived a second assassination attempt, World Freedom Financial Corporation was formed with the goal of raising $300 million at a $1.5 billion valuation.
However, the project has recently disclose Its WLF token product is mainly sold overseas, with only $30 million set aside for U.S. investors. Once this threshold is reached, the U.S. issuance will end, although there will still be a large number of tokens available for sale.
Trump too It is said is discussing the acquisition of digital asset marketplace Bakkt Holdings Inc. through Trump Media & Technology Group Corp., which he controls.
As of this writing, ETH is trading at $3,435, up 2.4% in 24 hours.
Featured image from CFR, chart from TradingView.com
