The behavior of U.S. Representative Guy Reschenthaler may shed light on the question that has plagued many traders: which cryptocurrencies will rise in price after Donald Trump's inauguration on January 20.
Reschenthaler became a U.S. congressman in 2019 and until recently had not invested in digital assets. However, from December 11 to December 23, 2024, he invested up to $45,000 in three coins:
Guy has never spoken publicly about cryptocurrencies, so his decision to buy digital assets was seen as an attempt to make a profit from the growth of the coin rate due to the “Trump 2.0” pump, which is predicted to begin after Donald takes office as US President. After Trump won the election on November 5, BTC went up in price by 61%, SOL – by 70%, and XRP – by 463%. Obviously, there is a lot of money at stake.
XRP could benefit greatly under Donald's rule if the cryptocurrency issuer firm Ripple will emerge victorious from a legal battle against the U.S. Securities and Exchange Commission, which is expected to be led by digital asset industry-friendly Paul Atkins. Accordingly, Reschenthaler's bet on XRP is quite justified.
Due to the high demand for Bitcoin, the BTC price is destined to rise and will probably not be subject to a strong correction anymore. This is evidenced by the fact that traders start actively buying up coins as soon as their rate falls to $90,000. Therefore, the decision to invest in Bitcoin is likely to be successful.
Solana – is perhaps the riskiest digital asset in Guy’s investment portfolio. After reaching a price peak in November, the SOL rate collapsed by 36%, and the coin's value continues to decrease within the downward trend. If the bulls do not break the bearish trend line, the rate Solana threatens to fall to at least $150.
Possible price reduction Solana
