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November 2024 is one of the most critical nodes of the year because the US election is about to be settled, and there is also the confirmation of the second rate cut, and there are only 61 days left until 2025. Regardless of who wins the US election, it is actually good news for the crypto circle
What impact do the four US elections have on the crypto circle? In the 3 months before the 2024 US election, the price of Bitcoin plummeted from $58,050 on August 5 to $49,000. However, on October 7, it embarked on a new round of surging. In the 3 months before the 2016 US election, the price of Bitcoin suffered a severe setback, plunging from $750 to the low point of $500, a drop of more than 30%. It then rebounded from the bottom and ushered in a major bull market. In the 2 months before the 2020 election, the Bitcoin market plummeted, with the price plunging about 16% from $12,000 to around $10,000, and then fell into a long-term oscillation and adjustment. It began to rebound at the critical node before the election and continued to ferment, reaching $60,000 by May 2021. In the 2012 US election, Bitcoin experienced a brutal crash of up to 75% in the 80 days before the election. But after the election, it entered a crazy upward mode.
Which Altcoins have soared 20-50 times after the election? - $ORDI The ORDI stock price continues to rise, with the latest trading price at $33.89, up 1.4% from the previous trading day, with a market capitalization of about $6.82 billion. Its trading volume to market value ratio is 7.83%, indicating stable market interest. Compared to the long-term SMA line, ORDI shows a strong upward trend, and it is expected that the stock price will grow to around $105.09 in the next few months, especially by November.
- $GIGA Although GIGA has not experienced the same dramatic surge as other meme coins, it has indeed achieved a stable 18.6% growth. This sustained upward trend is worth noting, especially considering the recent stability of the cryptocurrency. Over the past month, GIGA has maintained an upward momentum, and the 3.9% increase this week further consolidated this trend, successfully reaching a new all-time high of $0.0686.
- $TIA Celestia is a modular blockchain network that allows users to easily create their own blockchains by separating data storage, consensus, and execution processes, reducing the complexity of traditional blockchains. Recently, Celestia unlocked TIA tokens worth about $890 million, causing the price to drop about 20% in the past week, currently 77% lower than the all-time high. However, it has had 17 positive trading days in the past 30 days, indicating market activity. The 24-hour trading volume to market value ratio of TIA is 0.9333, indicating good liquidity. According to Coincodex's forecast, TIA may increase by 225.98% in the next month, with a potential price of $15.72.
- $DOGE As the pioneer of meme coins, DOGE is considered the only meme coin that uses POW, and its founders have already sold their tokens, achieving true decentralization. On August 20, Musk tweeted that he was interested in creating a "Department of Political Efficiency" called D.O.G.E., a name proposed by the DOGE community. Subsequently, Trump responded that if elected, he would establish this department to conduct a comprehensive financial audit and reduce government waste. Therefore, the price trend of DOGE is related to the US presidential election.
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