Bitcoin is trading in price discovery after creating two successive all-time highs (ATHs) today.
At press time, the market-leading crypto is trading at $74,866.85, with its rally enabled by pro-crypto Donald Trump’s victory in the US election.
Alongside Bitcoin, Altcoins are up across the board, raising hopes the market could be entering a new bull rally.
So, which cryptos could be set for the biggest gains over the coming weeks and months?
BTC Rallies As Trump Notches Victory and Voters Elect 219 Pro-Crypto Candidates to Congress
Today’s Bitcoin price action comes amid an inflection point in US political history.
Donald Trump is the first pro-crypto president, and 218 pro-crypto candidates have won seats in the House of Representatives and the Senate.
BTC is currently trading at $74.9K after peaking twice at above $75K today.
However, just moments ago, it was revealed that Trump will be the 47th US president after winning the battleground swing state of Pennsylvania.
With that, there’s every chance more upside volatility will ensue in the forthcoming hours.
BTC is up 8.9% today and 3.3% this week. It now holds a $1.48 trillion market cap and a $86 billion 24-hour trading volume.
Trump vows to make the US “the crypto capital of the planet,” which likely means the industry will be encouraged and face less regulatory scrutiny in the next four years.
Esteemed tech investor Naval Ravikant says Trump’s passive approach to regulatory oversight will create an “economic sonic boom.”
Meanwhile, Coinbase Founder Brian Armstrong cheered for the notably pro-crypto House Of Representatives and Senate selection.
“Tonight, the crypto voter has spoken decisively – across party lines… Americans disproportionately care about crypto and want clear rules of the road for digital assets,” he wrote on X.
Trump is also expected to make a speech shortly at his Mar-a-Lago resort in Palm Beach, Florida. Crypto enthusiasts hope this will add further momentum to the current Bitcoin rally.
But with Bitcoin on a roll, altcoins are soaring ahead. Today, the altcoin market has surged 8.46%, but many tokens have rocketed 10% or higher.
With that, are these the next cryptos that could explode?
Pepe Unchained
While the market soars, fixed-price presale tokens offer the opportunity to buy at the lowest possible price.
Pepe Unchained is the most promising presal, building an Ethereum layer 2 blockchain for meme coins.
The chain is expected to be 100x faster and much cheaper than Ethereum. It also features a portal that provides seamless access to its ecosystem features, such as a block explorer, an Ethereum bridge, a staking mechanism, and a decentralized exchange.
From transaction capabilities to navigation, user experience is the primary focus of Pepe Unchained, and that’s the key to mass adoption.
As crypto prices rise, meme coins will once again take center stage, creating an ideal launch environment for Pepe Unchained.
The project’s presale has raised a staggering $25 million, showing that investors believe in it fully.
The current $PEPU presale price is $0.01229, but this will rise in two days.
Crypto All-Stars
Crypto All-Stars is a new presale project raising funds to build a unified meme coin staking app.
It will let users stake all the top meme coins, including Dogecoin, Shiba Inu, and Pepe, in return for passive $STARS rewards.
However, users must hold $STARS to access the platform, creating a unique supply-and-demand synergy in which holders of all the top meme coins are incentivized to buy and hold the token.
Moreover, users can stake $STARS for further rewards. Meme coin staking has yet to launch, but traders can already stake their $STARS. They can earn a 505% APY, but this will decrease as the staking pool grows.
Crypto All-Stars offers a unique opportunity. Like Pepe Unchained, it’s building a novel piece of meme coin infrastructure. This could generate high demand, especially considering the bullish market outlook.
The $STARS presale has raised $3 million so far and is priced at $0.0015432, but this will rise later today.