Will the era of competitive coins come? SOL, XRP, ADA have outperformed BTC since the election.

Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), will step down from his position on January 20, 2025, which is also the same day as Donald Trump's inauguration ceremony. After Trump's confirmation as the President, the competitive coin marked by the SEC as an unregistered security is rapidly rising.

(SEC Chairman Gary Gensler will step down on Trump's inauguration day. Who are the popular candidates?)

SOL, XRP, ADA have outperformed BTC by a large margin since the presidential election.

Although the largest digital asset BTC is considered a commodity, the SEC under the leadership of Gensler believes that most other tokens are unregistered securities and should be subject to regulation. The industry expects that with clear regulations, this kind of suppression will gradually disappear under the leadership of the Trump administration.

After Gensler's resignation statement last Friday, the XRP Token related to Ripple Labs rose 20% within a day. Ripple has been involved in a long-standing legal dispute with the SEC over the status of digital assets.

ADA Token related to Cardano Blockchain rose by 12%, while the rise of SOL in Solana broke the historical high since 2021.

Since the US election on 11/4, BTC has risen by 45%, SOL has risen by 58%, XRP has risen by 192%, and ADA has risen by as much as 211%.

fear of missing out will drive the rise of competitive coins

According to Bloomberg, some market participants expect that with the increase in speculative enthusiasm, people will shift their focus to smaller competitive coins, not just BTC. Nick Forster, founder of the trading platform Derive.xyz, said, "This is definitely consistent with previous cycles." He cited the demand for call options on SOL as an example.

BTC is approaching the milestone level of $100,000, and skeptics are questioning whether this level can be successfully broken through. The momentum of Trump's victory and strong demand for BTC exchange-traded funds have driven BTC to rise 135% this year.

(Bitcoin failed to challenge 100K: BTC 97K, SOL hits new high again, ETH still at its peak three years ago)

Evergreen Growth's investment manager, Hayden Hughes, said in the Family Office that 01928374656574839201 encryption.

I expect BTC to take a breather and let other Token catch up.

Trump vowed to establish a supportive U.S. Cryptocurrency regulatory framework. Trump was once a skeptic of Cryptocurrency, but his attitude changed after digital asset companies invested heavily during his campaign. He also has his own Non-fungible Token and encryption projects.

(Trump media enters the cryptocurrency market, registering the trademark 'TruthFi' which includes digital wallets and encryption payment services)

This article Is the era of competitive coins coming? SOL, XRP, ADA outperformed BTC after the election, first appeared in ChainNews ABMedia.