Trumps victory not only brought a new high for BTC, but also some US-related crypto projects also performed well. The following will focus on analyzing several representative US concept-related projects, which are worth following up.
With the announcement of the results of the US election on November 5, 2024, the cryptocurrency market has surged, with Bitcoin breaking through $75,000 to a record high, and then breaking through the important milestone of $100,000. Trump made a series of pro-cryptocurrency remarks during the campaign, promising to make the United States the world capital of Bitcoin and cryptocurrency, firing Gensler, etc. In addition, the Trump family also launched the DeFi project World Liberty Financial. Trump once made ten new cryptocurrency policy promises. His victory not only brought BTC to a new high, but also some US-related crypto projects also performed well. After Trump takes office on January 20, 2025, with the expectation of potential regulatory policy adjustments, there will be another wave of space for US concept coins. The following will focus on analyzing several representative US concept-related projects, which are worth continued follow-up attention.
Cryptocurrencies led by U.S. teams or companies
Ripple (XRP)
Ripple is an American project developed by Ripple Labs, which aims to provide a low-cost and efficient cross-border payment solution. XRP has established partnerships with several large banks and financial institutions, which use Ripples technology to improve international payment processes. The SEC filed a lawsuit against Ripple Labs and two of its executives in December 2020, accusing them of raising more than $1.3 billion through the sale of XRP since 2013, and XRP is an unregistered security. Recently, the resignation of SEC Chairman Gary Gensler and the expected approval of the XRP ETF have made the price of XRP particularly outstanding, surpassing SOL to become the third largest crypto project by market value.
Official website: https://xrpl.org/
Category: Payments
Maximum market value: 141.09 B
Current market value: 126.13 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Solana (SOL)
Solana was initiated by Solana Labs, a blockchain technology company headquartered in California, USA. Its founder Anatoly Yakovenko worked as a senior engineer at Qualcomm. Solanas price has been performing very well. On the one hand, the rise is due to the markets confidence in the approval of Solana spot ETF in the United States, and on the other hand, it is supported by strong network fundamentals. In addition, on December 6, 2024, Trump announced the appointment of David Sacks as the White House Director of Artificial Intelligence and Cryptocurrency, making him the new Crypto Tsar of the White House. David Sacks is an early investor in Solana. Even during market turmoil such as the collapse of FTX, David Sacks maintained his investment in Solana and publicly stated that he did not sell Solana tokens. It has risen by about 6% in the past month since Trump took office, and its market value ranks 4th among global cryptocurrencies.
Official website: https://solana.com/
Category: Layer 1, Infra
TVL: 8.941 B
Maximum market value: 123.09 B
Current market value: 103.27 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Sui (SUI)
Sui (SUI) is a high-performance, scalable layer 1 (L1) blockchain platform built on the Move language developed by Mysten Labs. Most of Suis team members are former members of the Meta blockchain project (Novi and Diem), including CEO Evan Cheng and co-founder Sam Blackshear, the co-designer and core developer of the Move language. In the past month since Trump took office, it has risen by about 30%, and its market value ranks 15th among global cryptocurrencies.
Official website: https://sui.io/
Category: Layer 1, Infra
TVL: 1.55 B
Maximum market value: 13.04 B
Current market value: 11.21 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Chainlink (LINK)
Chainlink (LINK) is a decentralized oracle network launched by San Francisco fintech company SmartContract in June 2017. It aims to connect smart contracts with real-world data, allowing smart contracts to access off-chain data such as temperature and weather to trigger contract execution. Chainlink is the most dominant and widely used oracle in the market, accounting for more than 46% of the market share and is widely used in financial services, DeFi, games, NFT collections, climate markets, enterprises, insurance and other industries. In the past month since Trump took office, it has risen by nearly 60%, and its market value ranks 12th among global cryptocurrencies.
Official website: https://chain.link/
Categories: DeFi, Infra, Oracle
Highest market value: 21.89 B
Current market value: 14.4 2B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Litecoin (LTC)
Litecoin was created by former Google engineer Charlie Lee on November 9, 2011. Its design concept is to be a lighter version of Bitcoin, solving the problems of slow transaction confirmation and high fees. LTC has risen by nearly 50% in the past month since Trump took office, and its market value ranks 21st among global cryptocurrencies. The main reason for its price increase is the general rise in the markets optimistic expectations for Trumps policies, as well as the possible inclusion in the crypto index ETF, the increase in payment transaction volume and other related information.
Official website: https://litecoin.org/
Category: Digital Currency
TVL: 5.62 m
Maximum market value: 23.98 B
Current market value: 8.53 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Uniswap (UNI)
Uniswap is a decentralized exchange (DEX) based on the Ethereum blockchain created by Hayden Adams in 2018. Uniswap has gone through multiple versions, from V1 to V3, each version has brought new features and optimizations. V2 supports ERC-20 to ERC-20 Swap, and V3 introduces the functions of centralized liquidity and transaction fee tiers. UNI holders can participate in platform governance, including proposals, voting, and decision-making. In addition, UNI tokens are also used to incentivize liquidity providers and participate in other community activities. It has risen by nearly 70% in the past month since Trump took office, and its market value ranks 19th among global cryptocurrencies.
Official website: https://app.uniswap.org/
Category: DeFi, DEX
TVL: 6.293 B
Maximum market value: 22.61 B
Current market value: 9.38 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Maker (MKR)
Maker is a decentralized autonomous organization (DAO) based on Ethereum. It was founded in 2014. Its main project is to create and manage the decentralized stablecoin Dai (DAI). MKR holders participate in Makers governance and obtain equity. As an equity token, MKRs function is to pay interest. When users repay DAI, they need to pay part of the interest with MKR, and the paid MKR will be destroyed. In the past month since Trump took office, it has risen by nearly 30%, and its market value ranks 68th among global cryptocurrencies.
Official website: https://makerdao.com/en/
Categories: DeFi, DAO
TVL: 5.498 B
Maximum market value: 5.95 B
Current market value: 1.73 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Compound (COMP)
Founded by two alumni of the University of Pennsylvania, Compound is an Ethereum-based smart contract platform that allows users to borrow tokens and earn interest. It uses an algorithm to calculate interest rates based on changes in the supply and demand of assets, thereby achieving automatic adjustments to the capital pool. The project is headquartered in the United States, and most of the team members are also from the United States, including legal counsel Jake Chervinsky, who has extensive experience in the financial technology and encryption fields in the United States. In the nearly one month since Trump took office, it has risen by about 100%, and its market value ranks 117th among global cryptocurrencies.
Official website: https://compound.finance/
Category: DeFi, Lending
TVL: 2.872B
Highest market value: 4.2 2B
Current Market Value: 865.49 M
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Gate, MEXC, Bitget, Bitmart, BingX, LBank
Other related projects
Avalanche (AVAX)
Avalanche is a scalable smart contract platform launched by Ava Labs in September 2020, with investments from A16Z, Polychain, etc. Designed for developers, it uses its innovative consensus protocol and subnet infrastructure to enable fast transactions. Its potential lies in supporting diverse projects, enhancing market stability, and promoting financial inclusion, especially through liquid staking tokens and cooperation with emerging market fintech solutions. Its good EVM compatibility has also attracted game developers, but TVL growth has encountered a long-term bottleneck.
Official website: https://www.avax.network/
Category: Layer 1, Infra
TVL: 1.5 B
Maximum market value: 28.00 B
Current market value: 18.05 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Arbitrum (ARB)
Arbitrum is a leading Ethereum scaling solution, founded by Offchain Labs in 2018, with investors including Pantera Capital, Alameda Research, and Coinbase Ventures. In 2023, the token ARB was launched, and it became popular for its generous airdrops to early participants. It supports high-speed, low-cost transactions while supporting a large decentralized application ecosystem. The ecosystem includes more than 600 projects and 2,000 active developers, leading the Layer 2 market, and the current TVL is still on an upward trend.
Official website: https://arbitrum.foundation/
Category: Layer 2, Infra
TVL: 3.29 B
Maximum market value: 4.84 B
Current market value: 3.82B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Optimism (OP)
Optimism is a scalable Layer 2 blockchain solution that uses Optimistic Rollups technology. It aims to enhance the performance of the Ethereum network by reducing gas fees and increasing transaction speeds, making dApps more user-friendly. Compared with other L2 projects, it has attracted the adoption of large companies such as Coinbase and Sony in terms of ecosystem expansion, which has strengthened its market position. Currently, Optimism still lags behind Arbitrum in TVL, but its user base and activity show a steady growth trend.
Official website: https://www.optimism.io/
Category: Layer 2, Infra
TVL: 769.5M
Maximum market value: 4.57 B
Current market value: 2.79 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Filecoin (FIL)
Filecoin is a decentralized storage network created in 2017 by Juan Benet, the creator of the Interplanetary File System (IPFS). Filecoin uses blockchain technology to provide a tamper-proof market for data storage, enabling users to store and retrieve data securely. Its potential lies in solving data privacy issues and providing a cost-effective alternative to traditional cloud service providers. In 2017, FIL raised a large amount of funds through its initial coin offering, exceeding $257 million, making it one of the largest ICOs at the time. It is still the leading mining coin, but FIL has fallen from a high of $200 to the current $6.
Official website: https://filecoin.io/
Category: Layer 1, Infra
TVL: 94.73M
Highest market value: 11.8 2B
Current market value: 3.8 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Tezos (XTZ)
Tezos is a veteran project of a decentralized blockchain platform designed for Web3 applications, known for its environmentally friendly architecture and low gas fees. With strong support for games, DeFi, and generative art, coupled with its unique governance model, it has great potential in promoting innovation and attracting developer communities. Tezos raised $232 million through its initial coin offering in 2017, which, like FIL, was one of the largest fundraisings at the time. Tezos has been used to create digital art galleries and support various NFT platforms, and hosts multiple game projects. With the recent recovery of the NFT market, XTZ may have a good performance.
Official website: https://www.tezos.com/
Category: Layer 1, Infra
TVL: 57.04M
Maximum market value: 6.88 B
Current market value: 1.41 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
1inch（1INCH）
1inch Network was founded in 2019, with major investors including Pantera Capital, Binance Labs, Amber Group, Alameda Research, etc. It is a decentralized exchange (DEX) aggregator that aims to provide traders with the best prices and lowest fees by aggregating liquidity from multiple DEXs, enhancing cross-chain cryptocurrency exchanges through its innovative Fusion+ upgrade, and ensuring secure and efficient transactions through atomic swap technology. Its unique approach optimizes fees, protects user funds from MEV attacks, and simplifies blockchain interactions for developers. Due to the decline of Ethereum, 1inchs TVL has also been significantly affected, and the limelight has been stolen by DEX on Solana.
Official website: https://1inch.io/
Categories: DeFi, DEX, DEX Aggregator
TVL: 6.6M
Maximum market value: 1.26 B
Current Market Cap: 619.1M
Trading platforms: XT.COM, Binance, Bybit, OKX, Upbit, Coinbase, Kraken, Bitget, etc.
Sushiswap (SUSHI)
SushiSwap is a decentralized exchange (DEX) that was launched in September 2020. It evolved from a fork of Uniswap and provides comprehensive DeFi services across multiple chains, including swaps, lending, and NFTs. Its automated market maker (AMM) function mechanism has also caused a wave of innovation in 2021. SushiSwap is currently expanding its blockchain network support and launching a new DEX on Solana to enhance its interoperability and market coverage. The SUSHI token performed very well last week, rising by more than 200% in January, but the official plan to liquidate the treasury SUSHI has also caused more uncertainty.
Official website: https://www.sushi.com/
Category: DeFi, DEX
TVL: 226.2M
Maximum market value: 2.91 B
Current Market Cap: 521.3M
Trading platforms: XT.COM, Binance, Bybit, OKX, Coinbase, Kraken, Bitget, etc.
Celestia (TIA)
Celestia is the worlds first modular blockchain that separates consensus from execution, improving the scalability, flexibility and interoperability of decentralized applications. Celestia came into the public eye in 2023. It provides a platform for developers to create new public blockchains on it, and uses the native token TIA to pay gas fees and stake for rewards.
Official website: https://www.celestia.org/
Category: Infra, Modular, DA
TVL: /
Maximum market value: 3.93 B
Current market value: 3.0 2B
Trading platforms: XT.COM, Binance, Bybit, OKX, Coinbase, Kraken, Bitget, etc.
Cosmos (ATOM)
Cosmos is a decentralized network of independent blockchains designed to achieve interoperability, scalability, and efficiency, allowing them to communicate seamlessly. Conceived in 2014, Cosmos raised over $17 million in its 2017 ICO and officially launched in March 2019. Its potential lies in solving the problem of blockchain fragmentation, promoting innovation, and creating a unified ecosystem. The Cosmos ecosystem is full of excitement and optimism due to recent organizational changes, including the formation of Interchain Inc., but overall, the current market hype may not be on full-chain communication.
Official website: https://cosmos.network/
Category: Infra
TVL: 1.38M
Highest market value: 10.97 B
Current market value: 3.15 B
Trading platforms: XT.COM, Binance, Bybit, OKX, Coinbase, Upbit, Kraken, Bitget, etc.
XYO Network (XYO)
XYO is a decentralized location oracle network that was launched on the mainnet in April 2019. It enhances geospatial data verification through a trustless cryptographic proof system to ensure high accuracy and security. In the field of Internet of Things (IOT), XYO provides location-based data for blockchains and solves key vulnerabilities in location data. The token XYO is used to incentivize data collection and consumption within the network. The main competitors are Chainlink, Pyth Network, and RedStone. In the rotation of the altcoin sector last week, XYO frequently appeared at the top of the list of gains, and its subsequent performance is also worth paying attention to.
Official website: https://xyo.network/
Category: Infra, Oracle
TVL: /
Maximum market value: 980.1 M
Current Market Cap: 370.8M
Trading platforms: XT.COM, Coinbase, Kucoin, Gate, etc.
Summarize
The above projects have all entered the public eye in a powerful way. As Arthur Hayes said, We need to distinguish which companies are truly valuable and which are just imitators. It is crucial to identify truly valuable innovations among many projects. When evaluating a project, in addition to technical strength and product implementation, it is also necessary to pay attention to the execution of the project team and whether the promises have been fulfilled. Although there is still uncertainty in the current US regulatory environment, some large projects may receive Wells notifications at any time. Many project teams will register in other crypto-friendly jurisdictions even in the United States. The policy environment is likely to usher in positive changes soon. Trump and the new White House artificial intelligence and cryptocurrency director David O. Sacks are both extremely pro-crypto-friendly people. David has led investments in crypto asset management company Bitwise, digital securities platform Harbor, and crypto venture capital Multicoin at Craft Ventures. He also invested in decentralized map network Hivemapper with Multicoin in April 2022, and has rich industry investment experience. What we can do is to grasp the key time window of policy and capital shifts in this market cycle, seize the time node before capital inflows, and ambush towards this crypto bull market.
【Disclaimer】This article is for reference only and does not constitute any investment advice. Investment involves risks, please operate with caution. Readers should independently evaluate the content of this article based on their own circumstances and bear the risks and consequences of investment decisions.
