The cryptocurrency market remains range-bound as global investors stay cautious amid rising tensions in the US-China trade war. Yet, market dynamics could shift dramatically if former President Trump succeeds in reshaping the Federal Reserve to push for lower interest rates. In this article, we explore Trump’s rumored candidate for the next Fed Chair and highlight three altcoins that could benefit if the new leadership proves supportive of digital assets.
Top Altcoins to Watch if Trump Appoints Kevin Warsh as Fed Chair
Buzz is building around the possibility that Donald Trump may replace current Fed Chair Jerome Powell with a new face, possibly Kevin Warsh. As reported by the Wall Street Journal, Warsh is emerging as a top contender. Given his past pro-crypto stance, investors are already eyeing altcoins that could benefit from the shift.
The speculation follows Trump’s sharp criticism of Powell. He accused him of “playing politics” by not reducing interest rates in line with other global central banks. Trump’s dissatisfaction has fueled talk of a leadership shakeup at the Federal Reserve.
Kevin Warsh, a former Fed governor, could be a promising choice for the digital asset industry. He has previously voiced support for cryptocurrencies, stating in a 2021 CNBC interview:
Warsh also serves as an advisor and investor in Bitwise, a leading crypto asset manager known for launching spot Bitcoin ETFs. This further reinforces his credibility within the space.
If Warsh is ultimately appointed Fed Chair, it could act as a bullish catalyst for crypto markets. Traders and investors should keep a close eye on top-performing altcoins that may surge in response to a more crypto-friendly Federal Reserve.
3 Altcoins to Consider Buying Right Now
With speculation heating up that President Trump may appoint Kevin Warsh as the next Fed Chair, the crypto market could be poised for a shake-up. Among the altcoins drawing attention are Ripple (XRP), Solana (SOL), and Cardano (ADA). Each of these cryptocurrencies is showing promising technical setups that could fuel significant upward moves.
Ripple (XRP)
Ripple stands out as a compelling altcoin to watch. Potential catalysts include future spot ETF approvals and rumored connections to both the Federal Reserve and the SWIFT network. These factors are driving growing optimism around XRP’s long-term value.
From a technical perspective, XRP is showing signs of strength. The token is currently challenging the upper boundary of a descending parallel channel. A breakout at this level could mark the start of a bullish reversal. Additionally, a declining Average Directional Index (ADX) suggests that the existing downtrend is losing momentum. This shift may clear the path for an upward move.
Solana (SOL)
Solana is another top contender among altcoins to consider buying right now. A well-known market analyst recently highlighted a bullish setup on Solana’s chart, pointing to the formation of a falling wedge pattern. A confirmed breakout above the upper resistance line could pave the way for a significant price surge. If successful, Solana could potentially climb toward the $250 mark.
Beyond technical indicators, Solana also has a major catalyst on the horizon. The possible approval of a spot SOL ETF in the United States could be a game-changer. If a crypto-supportive Fed Chair is appointed, the chances of regulatory approval may rise. Such a development could draw fresh institutional investment into Solana, boosting both momentum and price.
Cardano (ADA)
Cardano is also making waves as one of the top altcoins to watch closely. Market expert Ali Charts recently issued an optimistic forecast, suggesting that ADA could gain as much as 30% if it successfully breaks above a symmetrical triangle formation on the chart. This technical setup points to a potential bullish breakout in the near term.
Cardano’s appeal extends beyond technical analysis. As a blockchain project developed in the United States, it stands to benefit from a more crypto-aligned political climate, especially if a crypto-friendly Treasury Secretary takes office. Additionally, speculation surrounding the potential approval of a spot ADA ETF adds further excitement. If such a product gets the green light, it could trigger strong inflows and accelerate ADA’s momentum in the market.
Summary: Best Altcoins to Watch Amid Fed Chair Speculation
With reports suggesting that former Fed governor Kevin Warsh is a frontrunner for the next Federal Reserve Chair under President Trump, the crypto market could be headed for significant shifts. This potential leadership change is drawing investor interest toward altcoins that may benefit from a more crypto-supportive policy direction.
Among the standout options are Ripple (XRP), Solana (SOL), and Cardano (ADA). These cryptocurrencies are backed by strong technical setups and promising fundamentals, making them prime candidates for a potential breakout if market sentiment turns bullish.