US elections
The U.S. presidential election has been very heated recently. Some say Trump will be elected, while others say Harris will be elected. Who will be the winner?
Currently, polls show Kamala Harris and Donald Trump tied at 1.1%, with Harris slightly ahead in some national polls, despite Trump's recent rebound. Both candidates have garnered significant support in key states, so this competitive election will likely come down to the swing states.
As for the cryptocurrency sector, Trump's stance may be conducive to deregulation, which may promote the growth of the cryptocurrency market. In contrast, Harris hinted at cautious regulatory support measures to ensure consumer rights, which may bring stability to cryptocurrencies without completely stifling innovation. This regulatory balance may reassure institutional investors. So in the crypto industry, everyone is more looking forward to Trump's coming to power.
On October 27, the probability of Trump winning the US presidential election on the prediction market Polymarket rose to 64.8%, while Harris's probability of winning fell back to 35.3%, a difference of 29.5 percentage points.
In addition, geopolitical conflicts continue to rise, with Ukraine and Russia, Israel and Iran, North Korea and South Korea, and the United States and China in tension. Recently, the United States suddenly announced that it would provide Taiwan with military equipment. All of this is also a preparation for the US presidential election.
The impact of the US presidential election on BTC
Since the Federal Reserve announced the interest rate cut, $BTC has shown an upward trend, but because there is no more capital entering the circle to support further price growth, its price has not broken through the previous high of $73,000, or even $70,000.
Moreover, no matter whether Trump or Harris takes office, there is no decisive factor affecting cryptocurrencies. However, Trump's taking office will speed up the regulation and mining of cryptocurrencies. The price of BTC may break through the previous high of $73,000 due to the influence of FOM sentiment, but it is a bit difficult to break through $80,000. However, this impact is short-lived and there will definitely be a certain decline. Pay attention to short selling. The real decisive factor is how much the Federal Reserve will cut interest rates and when to cut them.
US presidential election meme layout
Instead of worrying about who will take office, I prefer to plan out related memes when the US presidential election comes.
Trump Concept Meme Coin
The following are the meme coins about Trump that are of good quality and have no risk of running away, and some of their data are as follows: (Note: data from October 24) $TRUMP $TREMP $MAGAA $FIGHT
Donald Trump’s cryptocurrency holdings have increased by $6.1 million since the beginning of the year through October 18. More than 65% of his current cryptocurrency holdings are in MEMECOINS — $MAGA.
Harris Concept Meme Coin
Compared to Trump, there are not many meme coins related to Harris. The following are the more reliable ones that I found. $KAMA
The U.S. presidential election is scheduled to be held on November 5, 2024, and the voting will end at 7-8 pm, which means that the U.S. presidential candidate will be announced at 7-8 am on November 6, 2024, China time.
From previous news, we often see that every time Trump talks about cryptocurrency, the related meme coins will skyrocket. So before the US presidential candidate is announced, both Trump and Harris will continue to give speeches and canvass for votes, and their related concept coins will also rise to a certain extent. We must learn to seize this opportunity and plan ahead.
Follow Trump and Harris' latest moves and pay attention to their approval ratings;
Tracking BTC situation;
Track the price of tokens;
Check media coverage of relevant elections to see how they view events and the impact on market sentiment;
