Top 3 Crypto Tokens To Buy As Trump’s Tariff War Weakens Dollar
The global financial market, including crypto, is experiencing turmoil as the U.S. President’s aggressive tariff policies on Mexico and Canada have started a trade war. Analysts anticipate that Trump’s tariff war will cause downward pressure on the U.S. dollar, allowing cryptocurrencies to emerge. At this time, investors must consider potential crypto tokens to buy and make heavy profits. What to buy? Let’s discuss this.
Crypto Token Strengths While Dollar Weakens With Trump Tariff War
Renowned financial analyst Peter Schiff revealed that the Trump tariff war is not bullish for the dollar. His analysis points out the dollar’s performance against the Euro, which shows that the former is at its lowest point since December 10. At the same time, it has been the lowest against the Yen since October 9.
As I’ve been saying, tariffs are not bullish for the dollar. This morning, the dollar is at its lowest level against the euro since Dec. 10th and its lowest against the yen since Oct. 9th. Not only will tariffs make goods more expensive, but a weaker dollar will add to the cost.
Although this tariff implication has brought crypto market turmoil, a weaker Dollar means the opportunity for the cryptos to grow. More importantly, experts call the market dip a buying opportunity so that investors can opt to buy at a low for significant returns.
3 Crypto Tokens To Buy
Amid Trump’s tariff war and the announcement of the U.S. Strategic Crypto Reserve, this is an ideal situation to buy top cryptos for the best returns.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration… My Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.”
As the U.S. prepares to become the global leader of the cryptocurrency sector, investors can consider buying Bitcoin, Solana, XRP, and a few other crypto tokens.
1. Bitcoin (BTC)
Bitcoin is the biggest digital currency in the market and the most demanded due to its command on the global market, higher adoption, and institutional buyers like MicroStrategy, BlackRock, and others. Now, it will be the core of the U.S. crypto reserve, making it a must-buy crypto, especially as its price is down to a low of $82.8k.
2. Solana (SOL)
Solana is hyped due to its fast transactions, low fees, and the popularity of the Solana meme coins. It is an ideal asset with possible Solana ETF approval and Trump putting it on the crypto reserve list. However, investors must consider volatility and other factors before buying the dip.
3. XRP (XRP)
The third in the crypto tokens to buy list is the XRP, which currently trades at $2.31. It has presented impressive performance recently and is under a lot of attention due to crypto reserve, ETF hype, and cross-border payment demand. Some investors believe it will gain more government interest due to these utilities.
Conclusion
Donald Trump’s tariff implementation has been wreaking havoc on the financial market, and the crypto industry is no exception. With the U.S. Strategic Crypto Reserve in discussion and the U.S. dollar weakening, it is the ideal time to stock on cryptos, which are trading at a low.
Once the market recovers, historical trends reveal that Bitcoin, Solana, and XRP will be among the first to recover. Their demand, price performance, and many other factors make them the best crypto tokens to buy. However, investors must consider the market’s unpredictability and research further.
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