Rise in 2 Altcoins with the Name Appointed by Trump for Crypto: Which Projects are Associated?

Koinbulteni

2024-12-06 03:00:24

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After David Sacks’ new role at the White House, sharp increases occurred in projects such as 0x (ZRX) and dYdX

The appointment of Donald Trump, elected as the new president of the USA, of David O. Sacks as the ‘White House Artificial Intelligence and Crypto Currency Czar’ has created a widespread movement in the altcoin market. The projects supported by Sacks in the past played a critical role in this rise, and investors’ interest particularly turned to specific altcoins.

Following David Sacks’ appointment, notable price increases were observed in altcoins such as 0x (ZRX) and dYdX. ZRX reached $0.826, a 28% increase within just 24 hours. Sacks had previously expressed support for the 0x protocol, emphasizing the criticality of decentralized solutions for the future of the crypto ecosystem. Similarly, dYdX experienced a rise of over 25%, capturing investors’ attention. Sacks’ investment in dYdX through Craft Ventures is considered among the triggering factors for this surge.

David Sacks, with the investment firm Craft Ventures, is known as someone who has invested in projects such as Solana (SOL), Lightning Labs, and Set Protocol. Analysts predict that Sacks’ crypto-friendly policies could have particularly positive effects on these projects.

According to ChainCatcher news, the venture capital company Craft Ventures founded by David O. Sacks invested in crypto projects such as dYdX, Lightning Labs, River Financial, Kresus, Set Protocol, FOLD, Harbor, Handshake, Voltage, Galoy, Lumina, and Rare Bits

TRUMP-5.73%

X-0.79%

ZRX-3.07%

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