NewsletterCrypto Price Prediction: 3 Altcoins That Could Explode Ahead of May 22 Trump Dinner
Highlights
- The crypto price prediction for XRP, SUI and TRUMP coin is bullish ahead of the May 22 Trump dinner event.
- This event has attracted criticism from US Senators such as Warren and Murphy who state it will largely include foreigners.
- TRUMP meme coin is already gaining with a 7% surge in 24 hours and a $74M growth in open interest.
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)
1. Which altcoins could explode ahead of the May 22 Trump dinner event?
2. Why will these three altcoins rally?
3. Will TRUMP meme coin rally after Trump’s dinner event?
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