With Donald Trump becoming the 47th President of the US, the crypto market is seeing a broad, bullish run. With this presidency, the crypto community expects more crypto-friendly laws and a more appealing approach to this booming sector.
In this environment, many altcoins, such as Ethereum (ETH) and Pepe (PEPE), are skyrocketing on the price charts. In fact, market analysts like Ryandcrypto and Altcoin Sherpa have made bold ETH and PEPE price predictions.
Ethereum (ETH) is one of the top 5 cryptocurrencies. Following Donald Trump's win, its value has surged as well. Notably, CoinMarketCap shows the price of Ethereum rising nearly 10% on the 1-week chart. In that time, its value moved between $2,564 and $2,813.
Crypto analyst Ryandcrypto also made a bullish Ethereum price prediction. According to his X post, a potential rally to $5,000 for this altcoin could be the most hated rally ever in the crypto market. He also said that he expects a $3,000 value coming very soon, which happened over the past 24 hours.
The technicals for Ethereum (ETH) support this statement. TradingView shows that the Ethereum crypto is now trading above its 20-day EMA of $2,862 and its 50-day EMA of $2,956. The momentum indicator is also 257, suggesting a bullish trend is incoming.
Recently, the Ethereum Foundation introduced the Mekong Testnet, which will be a testing environment for its upcoming Pectra upgrade. This testnet will have the EIPs meant for Pectra, like the staking processes. Thus, analysts think Ethereum is one of the altcoins to watch.
Pepe (PEPE) sees green charts everywhere as one of the top meme coins. In the past week alone, the Pepe price jumped over 10%, according to CoinMarketCap. Furthermore, the Pepe market cap also increased from $3.90B to $4.40B in that period.
While this surge was fueled by Donald Trump's presidential victory, Robinhood's support also contributed to it. To clarify, Robinhood added the Pepe coin to its European platform. With this development, people will be able to earn PEPE rewards and a 1% deposit bonus.
Crypto analyst Altcoin Sherpa also remains optimistic about this meme coin. According to his X post, Pepe (PEPE) will eventually fully send. This bold Pepe price prediction is also backed by its technical analysis.
Notably, TradingView shows that the Pepe crypto is now trading above its 10-day EMA of $0.0000092 and its 30-day EMA of $0.0000093. Furthermore, its momentum indicator now sits at 0.0000012, which is in the buy zone, and this bullish trend may continue.
The whole crypto space caught fire following the end of the US presidential elections. Donald Trump has said in the past that crypto coins are the future and that they could replace old-fashioned, traditional banks. Thanks to these statements, many people are expecting more crypto-friendly laws where crypto coins like Ethereum (ETH) and Pepe (PEPE) may thrive.
While Ethereum and Pepe are making headlines, Lunex Network (LNEX) is also capturing attention. This project could revolutionize the DeFi market by launching a crypto exchange where people can trade many tokens across different blockchains. Its privacy-focused and community-driven focus may make it a fan favorite for millions. Therefore, Lunex Network may dominate this market, which IBS Intelligence projects may be worth $48B by 2031.