The US election results will be announced on November 5th. Trump and Harris are the main candidates, and the crypto world will have different market trends depending on the outcome. If Trump is elected, there may be a pump in the crypto world, especially for Dogecoin. This is driven by Musk's support for Trump and the efficient, secure, and decentralized nature of Dogecoin, which may provide more opportunities under Trump's administration. If Harris is elected, there may be a significant pullback in the market. However, regardless of the situation, it is important to be prepared and not take a heavy position!


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The market in the coin world this week and during the election week is very critical. The news is mixed, with the Iran conflict, US selling arms to Taiwan, and Europe, the US, and Australia all passing the Taiwan Defense Cooperation Act. Whales and institutional capital may have noticed the risk. Although the bearish force is very weak at the moment, only BTC and SOL are surging, while other coins remain stagnant. However, the safe-haven asset gold has hit a new high. The sentiment index also indicates the risk zone. If BTC experiences a pullback now, altcoins may have a situation similar to the Fall Below Initial Coin Offering Price, which is obviously not right. Only capital is entering, but retail investors are not participating. This kind of pump may not last long. Altcoins can only wait for the mainstream to retrace before starting a volatile market to continue pumping. Otherwise, it will all be preparing to dump after the subsequent rise, and it is a reference to the volatile strategy before the formal breakthrough.
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In the Altcoin consolidation zone, we also need to lay an ambush in advance, focusing on following the MEME zone. First, there was speculation about various animals, frogs, hippos, BOME, etc., and then the speculation about the election PEOPLE, and now it's the turn of AI+MEME. It is highly likely that MEME will run through the entire cycle. Other altcoins, which are smarter, are starting to transform into MEME launch platforms, such as APE following the SUI and APT routes, boosting the token price. There are also DYDX and BAKE, which will also benefit later. Now, what you need to do is either follow and switch to a slightly more stable large market cap MEME or blue-chip DEX projects, or take advantage of short-term opportunities for price surges, and summarize based on the combination of news and market conditions. If you really don't want to switch or make any changes, then just follow BTC's new high and only perform when the rest of the altcoins do. In addition to MEME, the trend of public chains is also good. Sol and its ecosystem are absolute leaders here, and they are also one of the few projects that can pump with BTC. The trends of TIA, ICP, TRON, and ADA are also decent, while most other altcoins are basically in a downward market. In short, the market is not yet fully bullish on altcoins, but I still see a big wave coming in Q4. Let's hold our tokens and wait together.
DOGE-1.31%
BTC-1.59%
SOL-0.93%
MEME-3.61%
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