The Top 10 Cryptocurrencies Since Trump’s Presidency: A Market Shift Analysis

Quick Facts

The Top 10 Cryptocurrencies during Trump’s Last Presidency (January 2017 – January 2021)

1. Bitcoin (BTC): After starting the year at around $1,000, Bitcoin’s value more than quadrupled during Trump’s presidency, reaching an all-time high of over $64,000 in April 2021. However, it can be attributed to the growing awareness and adoption of cryptocurrencies, as well as the introduction of institutional investors.
2. Ethereum (ETH): Initially trading around $7, Ethereum demonstrated a remarkable surge, reaching a peak of over $1,400 in January 2018. The coin’s growth can be attributed to its increasing popularity as a platform for decentralized applications (dApps) and initial coin offerings (ICOs).
3. Ripple (XRP): With a market capitalization of over $300 billion at its peak, Ripple’s value skyrocketed from around $0.01 to over $3.50 during Trump’s presidency. The coin’s success can be credited to its strategic partnerships and expanding use cases in cross-border payments.
4. Bitcoin Cash (BCH): A fork of Bitcoin, Bitcoin Cash’s value doubled during Trump’s presidency, reaching a peak of over $4,200. Its growth can be attributed to its faster transaction processing times and increased adoption in some financial institutions.
5. Litecoin (LTC): Traded around $3.50 at the beginning of 2017, Litecoin’s value increased by over 4x, reaching a peak of over $300. Its growth can be credited to its faster transaction processing times and increased adoption in the gaming and e-commerce sectors.
6. Cardano (ADA): With a market capitalization of over $100 billion, Cardano’s value surged from around $0.02 to over $1.60 during Trump’s presidency. The coin’s growth can be attributed to its strong development roadmaps, regulatory efforts, and increasing adoption in the healthcare and financial sectors.
7. EOS: Initially trading around $2, EOS’s value reached a peak of over $23.50 in June 2018. The coin’s growth can be credited to its high transaction processing rates and increasing adoption in the gaming and enterprise sectors.
8. Stellar (XLM): With a market capitalization of over $50 billion, Stellar’s value increased by over 10x, reaching a peak of over $3.50. Its growth can be attributed to its rapid transaction processing times, scalability, and increasing adoption in the financial and remittance sectors.
9. Tron (TRX): Initially trading around $0.002, Tron’s value reached a peak of over $0.30 in January 2018. The coin’s growth can be credited to its high transaction processing rates, decentralized applications, and increasing adoption in the entertainment and gaming sectors.
10. Monero (XMR): With a market capitalization of over $1 billion, Monero’s value increased by over 5x, reaching a peak of over $500. Its growth can be credited to its focus on privacy and anonymity, increasing adoption in the dark web and illegal activities.

Trends and Insights

Several trends emerged during Trump’s presidency that contributed to the growth of these top 10 cryptocurrencies:

1. Increased mainstream awareness: As cryptocurrencies gained mainstream attention, their adoption and value increased. Trump’s public statements and tweets about Bitcoin and other cryptos helped raise awareness and drive interest.
2. Institutional investments: The introduction of institutional investors, such as hedge funds and pension funds, brought new capital and liquidity to the market, driving prices higher.
3. Development and innovation: The growth of decentralized finance (DeFi), dApps, and enterprise adoption of blockchain technology accelerated the development and innovation of cryptocurrencies.
4. Regulatory efforts: Governments and regulatory bodies around the world began to take a more favorable stance towards cryptocurrencies, leading to increased confidence and adoption.

What to Expect Moving Forward

As Trump’s presidency potentially returns with a pro-crypto stance, investors and enthusiasts can expect:

1. Increased regulatory clarity: Clear and consistent regulations can foster a more stable and secure environment for cryptocurrencies, attracting more institutional investors and increasing mainstream adoption.
2. Continued innovation and development: The growing interest in DeFi, dApps, and enterprise blockchain adoption is likely to continue, driving the development and innovation of cryptocurrencies.
3. Mainstream adoption: As regulatory clarity and institutional investment increase, mainstream adoption of cryptocurrencies is likely to accelerate, driving price growth and increased liquidity.
4. New entrants and market growth: The potential for new cryptocurrency entrants and market growth is immense, presenting opportunities for both established and newcomers alike.