Bitcoin is close to a new all-time high, and there may be one more wave of growth. Even if it breaks through, it will not stay at the high level for too long. The market sentiment is low, and the liquidity is insufficient. The funds brought by the interest rate cut have not yet flowed into the crypto market, and the market is likely to have a correction. Those who have made a profit on Bitcoin can now take profits. Those who hold altcoins can continue to hold. When Bitcoin enters a stagnant stage, funds will flow into Ethereum and altcoin speculation.
Altcoins are about to usher in a surge! Are you ready?
Historical patterns show that the altcoin season usually starts about seven months after each cryptocurrency halving. Since the latest halving occurred in April, the altcoin season is expected to arrive between November and December, although it will be short-lived but intense. The altcoin season usually marks the end of each cycle. Before the US election, the market generally expects an upward trend, but after the election, the market may correct by about 10%, regardless of the outcome. If Trump wins, the good news will be exhausted and turn into bad news, while if he loses, it will be directly bad news. In the investment journey, we are afraid of rising and falling, but when the overall trend is rising, we need to take risks and board the train decisively, so as not to miss the opportunity. So don't be afraid, just do it!
High market cap coins: Doge, People
Doge
Current market cap: $25.5B
14-day price change: +48%
Upward momentum: Musk's posts, Trump's mentions
The reason why the first meme coin Doge has taken on political overtones is inseparable from Musk's support for Trump.
On August 20, Musk tweeted that he wanted to create a "Department of Government Efficiency" (D.O.G.E.), and the naming concept came from the Doge community's suggestion to Musk. Trump also responded that if elected, he would establish such a department and conduct a comprehensive financial audit of the government, and propose to reduce waste. Therefore, the price performance of Doge has also begun to be linked to the presidential election.
People
Current market cap: $386M
14-day price change: -7.6%
Upward momentum: Highly correlated with the timeline of the presidential election
People is not centered on a presidential candidate, but is a token issued by ConstitutionDAO.
Memes, full circulation, low market cap, and the inherent political attributes of the constitution have become the driving force for the rise of People.
Low market cap coins: MAGA, KAMA
MAGA, current market cap: $101M
14-day price change: +83%
Upward momentum: Rises with the increasing probability of Trump's victory.
The concept is an abbreviation of Trump's slogan "Make America Great Again", and the coin's price trend is closely related to Trump's poll numbers. Currently, there are quite a few Trump-concept coins in the market, including Trump, Tremp, Fight, and babytrump, and the best-performing coin in the past two weeks is MAGA. Other coins have not risen as much as expected with the increasing probability of Trump's victory, so if you believe Trump has a high chance of winning, MAGA is a relatively stable choice.
KAMA, current market cap: $7M
14-day price change: +13%
Upward momentum: Rises with the increasing probability of Kamala Harris' victory.
The full name of the token is Kamala Horris (with the 'a' changed to 'o'), which is a parody of the Democratic candidate Kamala Harris. It is worth mentioning that among the political meme coins, the number of Trump-concept coins is quite abundant, while the Kamala Harris-concept coins are extremely rare, which also reflects the political preferences of crypto users to some extent.
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