US pro-crypto president Donald Trump will host a gala dinner on Thursday, May 22, where he will host the top holders of his TRUMP meme token. This dinner comes as some Democrat legislators question Trump’s foray into the meme coin space. With the highly anticipated event being only two days away, three US-made altcoins are standing out due to their potential to explode.
Crypto Price Prediction Ahead of May 22 Trump Dinner
Trump’s May 22 dinner event coincides with a bullish week in the crypto market as Bitcoin eyes its $108,000 ATH. However, as analysts give their bullish predictions on BTC’s price, altcoins are struggling as capital rotates towards the largest crypto.
However, the dinner event may draw attention towards key altcoins, albeit criticism towards the moves that Trump has made in regards to crypto since taking office on January 20.
Anti-crypto Senator Cynthia Lummis, who recently opposed the GENIUS stablecoin act, has based Trump’s meme coin foray. In a social media post, Warren claimed that a Chinese company had poured $300M into Trump’s meme coin.
Meanwhile, on-chain data shows that Tron founder, Justin Sun, is the largest TRUMP meme coin holder with $1.3M worth of altcoins. This has sparked speculation that he may be an attendee at the dinner. The other top holders are as seen below:
Democrat Senator Chris Murphy noted that nearly all the attendees to Trump’s dinner are not US crypto investors but foreigners who have invested in the altcoin. He said,
“This week, Trump will host a secret dinner with the top buyers of his meme coin. Reports suggest that the majority of the attendees will be foreigners. That’s outrageous.”
Nevertheless, the criticism has not affected the outlook of three US-made altcoins that are bound to explode ahead of May 22.
US-made Altcoins to Buy Before Trump’s Dinner
USA-made altcoins have a market cap of $443 billion according to data from CoinGecko and are bound to witness volatility before and after Trump’s dinner event. The three that investors should consider buying include
- Ripple (XRP)
- Sui (SUI)
- Official Trump (TRUMP)
XRP stands out by being the largest US-made altcoin by market cap, and crypto price predictions estimate that the Ripple price may hit $10 before the end of the year. Some gains may be seen before and after this event if Trump makes a pro-crypto statement on US regulatory clarity to raise optimism about the end of the Ripple vs. SEC lawsuit.
The other top altcoin that may explode amid Trump’s dinner event plans is Sui (SUI), which has been outperforming other layer one networks. Rising utility may boost investor confidence towards it even after the event, as DeFiLlama shows that its DeFi TVL is only 4% shy of its ATH, and it seeks to outperform other top DeFi altcoins.
TRUMP is the obvious beneficiary of Trump’s dinner event, and its 7% intraday surge at press time is proof that investors are already flocking to it. Data from Coinglass also shows that the altcoin’s open interest increased by $74M within 24 hours, which is a bullish sign of conviction about its future performance.
As Trump’s dinner comes to a close and investors seek the best altcoins to buy, XRP, SUI, and TRUMP are likely to post price gains and may record significant price gains. The crypto price prediction ahead of this dinner is already positive, and with Bitcoin eyeing its ATH, crypto investors should anticipate more gains from these altcoins during the week.
Frequently Asked Questions (FAQs)
The altcoins most likely to explode ahead of the May 22 Trump dinner event include Ripple (XRP), Sui (SUI), and Official Trump (TRUMP).
These altcoins will rally because of a bullish market sentiment. They are also US-made altcoins that are likely to be the biggest gainers after the event.
The TRUMP meme coin will likely record the most gains after Trump’s dinner event. The coin is already up by 7% and has added $74M to its market cap.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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