Top 3 Altcoins "Made in USA" to watch after Trump imposes new tariffs on the EU

Worldcoin (WLD), Jupiter (JUP) and EOS are 3 altcoins “Made in USA” that are drawing attention after Donald Trump’s latest post about imposing a 50% tax on the European Union starting from June 1.

WLD is leading with a strong increase after selling a quantity of tokens worth 135 million USD to a16z and Bain Capital Crypto. JUP is also outperforming the market amid important announcements about the ecosystem. Meanwhile, EOS is struggling to maintain its recent gains after World Liberty Financial stirred controversy by purchasing tokens worth 3 million USD, raising speculation in the crypto community.

Worldcoin (WLD)

Worldcoin (WLD) recorded a 37% increase over the past two days, reaching a three-month high after raising 135 million USD through a direct token sale to a16z and Bain Capital Crypto. However, the price has reversed and dropped nearly 10% in the last 24 hours as the overall market tumbled.

This investment is not a traditional venture capital round but rather the purchase of tokens at market price, which immediately boosted the circulating supply of WLD, with market capitalization surging by 135 million USD right before the announcement.

The funding will be used to expand biometric identification operations in the United States, following regulatory failures in Europe and Africa.

WLD Price Analysis | Source: TradingViewOn the bullish side, this altcoin has the potential to challenge the resistance level of $1.64. If it breaks through, WLD could rise above $1.70 for the first time since the end of January.

However, traders should closely monitor the support level of $1.36. If WLD cannot maintain a price above this level, the token may return to $1.17 or even $1.05 during a deeper correction.

Jupiter (JUP)

Jupiter (JUP) has surged nearly 7%, reaching a local peak at $0.633 before retreating to around $0.563 at the current time.

The price increase during the week was marked by many activities of the Jupiter ecosystem, including the launch of a mobile application, a strategic partnership with Moonpay, and the launch of Jupiter Lend.

Technically, JUP remains below the main resistance level of $0.635, a level that it has recently failed to break through.

JUP Price Analysis | Source: TradingViewSuccessful retesting and breakout above the resistance level could pave the way for a move towards $0.84, with a strong upward trend likely pushing it to $1 for the first time since February.

However, if the upward momentum gradually decreases and this altcoin loses the support level of $0.52, the price will sharply drop to $0.465.

In a deeper recession scenario, the token could slide down to $0.40, $0.348, or even $0.30.

EOS

A week ago, World Liberty Financial (WLFI) caused controversy after purchasing EOS tokens worth 3 million USD, a move that immediately drew attention.

The buying moment occurred after WLFI was accused of a loss of 125 million USD due to selling ETH at a three-month low, fueling speculation about potential market manipulation.

Despite the skepticism, there is no specific evidence of wrongdoing or insider trading emerging. Interestingly, EOS rose more than 9% immediately after the purchase, intensifying the debate over whether WLFI’s actions were strategic or random, making it an intriguing factor among the Made in USA altcoins that draw attention.

EOS Price Analysis | Source: TradingViewHowever, since then, EOS has struggled to maintain its upward momentum and is now down nearly 10.5% in the past 7 days. Recently, the token has failed to break the resistance level at $0.79 and is currently at risk of extending its decline.

If the selling pressure continues, EOS may test the support level of $0.72; falling below this level could cause the price to drop further to $0.652 and $0.583.

On the other hand, if the upward momentum returns and EOS regains $0.79, it could target higher levels at $0.869 and $0.97 if the market reverses strongly.

Vietnam is about to block Telegram, everyone can join the Bitcoin Magazine Discord here to receive the fastest news:

TRUMP-0,18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt