The "reliable" candidate has been elected, and now it's a bull market!
With the results of the US election announced, Trump has won the victory, and Bitcoin has surged significantly. It has soared from around 69,000 to over 76,000, with a rise of more than 7,000 points in a short period of time, showing an extremely strong upward momentum. During the day today, BTC has seen some correction, and ETH has once again shown strong momentum, with BTC once reaching around 76,000 points, but then falling back to the low of 74,450, and ETH also correcting from the morning's 2,880 to around 2,810.
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Will it rise or fall after the US election?
Now that the election is over, Musk is the next hot topic, as we all know, he is a crypto influencer, and he started to shill aggressively in 2020, endorsing Doge, and that bull run saw Doge surge over 300 times, becoming the king of traffic. Going forward, just keep an eye on Musk's account, there will be more stunts, and we've seen in the past two months that coins related to him have seen miraculous rallies, this is simply the wealth code.
ETH is like a helpless fool, after falling below 2,800 in August, it has finally returned to 2,800 today, marking a new beginning. If it can firmly break through 2,770, it will indicate a reattack towards 3-4k, and the altcoin bull market will return. In fact, if you look back at the small altcoin bull markets in recent years, they have all been accompanied by ETH's catch-up rally, ETH is not weak! It's just slower than BTC to start! That's all! Brothers who hold a bunch of ETH must hold on to the precious ETH, stay calm, don't panic, victory will definitely belong to us diamond hands!
What else is worth looking forward to after the election?
The election is actually just one factor in the cycle, and not even the most important one. In the trend and cycle, we can foresee: 1. The impact of the BTC halving cycle, which often occurs around the election time. 2. FASB will officially take effect in December 2024. 3. SAB121 will certainly be resubmitted in 2025, and the approval rate will be very high this time. 4. More importantly, the Fed's monetary policy has shifted from tightening to easing. The current market is more like the top divergence pattern from July to November 2021, and now it is closer to the first wave of July-September 2021.
Secondly, the first thing Trump did after being elected was to remove the SEC chairman. Once Gensler, who has been suppressing the crypto industry for years, is gone, things that the SEC previously didn't allow, such as institutions buying ETH ETFs for lending and earning yields, or some tokens deemed securities by the SEC being able to start paying dividends openly, and some projects currently in litigation with the SEC may also be potential beneficiaries.
In summary, the main line for the future is relatively clear, that is, the ETH sector + DeFi + RWA sector, the strongest of the three, such as LDO, ENS, AAVE, etc., combined with the strong performance of the competing public chains like SOL, SUI, APT in DeFi today, and then there are the DEX-type projects, which are also potential dividend-paying coins, such as UNI.
What mainstream coins can be focused on after the election, with 20-50x potential!
SOL: SOL price has surged, the trend is still strong, continue to be optimistic about the upward trend linked to the overall market.
Doge: Once the Doge bull cycle starts, it will last for a while and still has upside potential.
AR: After two months of consolidation, it is expected to see a strong rally in November.
UNI: UNI has risen sharply, but considering the too-fast rally, there may be a short-term correction.
Combining the "reliable" candidate's victory and the expected 25 basis point rate cut on the 8th, this could be the start of the main bull wave of this cycle, if there are no black swan events, please cherish the next few months, the money that can be earned in these few months is often more than in the past few years!
Of course, it is worth noting that everyone must not open any futures contracts, because after BTC breaks new highs, there is a high probability that it will make a comeback to deleverage, do not be the one who falls at the dawn.
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