The impact of the US election on the cryptocurrency market is a complex and multi-dimensional topic. It not only involves traditional financial fields such as macroeconomics, policy orientation and international relations, but also directly relates to the development trend of cryptocurrency, an emerging asset class. However, judging from the current situation, it seems that Trump will be in power without any suspense. The following will discuss in detail how the US election affects the cryptocurrency market through different channels:
1. Fiscal policy
- Tax cuts and fiscal deficits: Trump introduced massive tax cuts during his first term, which increased the government's fiscal deficit. If re-elected, he may further push for tax cuts, especially for corporations and the wealthy, which could increase the fiscal deficit and affect the long-term value of the dollar[^5^]. - Government deficits and debt levels: The U.S. government's fiscal deficits and high debt levels could affect global confidence in its currency. As shown in the Grayscale report, if the election results tend to increase the government deficit, this could have a negative impact on the dollar, thereby increasing the demand for Bitcoin as a means of "store of value"[^1^].

Sector rotation selection reference... The leading coins of chain games include SAND, MANA, ENJ, UOS, GALA, GMT, ILV, MAGIC, PYR and STARL. The following is a detailed introduction of the currencies: 1. SAND The Sandbox is a virtual game world. Based on Ethereum's functional token SAND, players can create and own different gaming experiences and earn benefits from them. Gamers can use The Sandbox Game Maker to create digital assets (non-fungible tokens, also known as NFTs), upload them to the store, and create gaming experiences with a simple drag and drop method. The Sandbox has established partnerships with more than 50 partners, including ATARI, Crypto Kitties, Shaun the Sheep, etc., to build a "play and earn" creative gaming platform created and owned by players. The Sandbox aims to bring blockchain into the mainstream by attracting more crypto and non-crypto gaming enthusiasts through the benefits of true ownership, digital scarcity, profitability and interoperability that blockchain technology brings. game world. 2. MANADecentraland is a blockchain-based virtual world platform that aims to solve the problem of platform developers earning intermediate platform profits for decentralized open source projects, thereby achieving a low-price payment model between content creators and game players; The project uses blockchain technology to acquire and transfer virtual property rights, and allows users to hold these virtual property rights permanently, and even operate them to gain profits for their own content creation; there are no intermediary fees, which is the biggest feature of Decentraland . 3. ENJ is the largest online game community creation platform. It was launched in 2009 and is headquartered in Singapore. It has been operating for many years and has 250,000 game community guilds, e-sports teams, minecraft servers, game communities, game tribes, and role-playing groups. , fan sites, etc., there are currently 18.7 million registered players, and about 60m global game players visit every month. The game focuses on content management systems and forum creators, and each community store sells millions of dollars of virtual goods every month. Currently trying to use blockchain to transform existing businesses, the launch of "Enjin Coin" allows players, content creators and game publishers to add virtual goods and provide value to games and communities.4. UOSUOS is the token that provides support for the Ultra ecosystem and can be used to purchase everything on the platform, including games, virtual items, and advertisements from game developers. Ultra will accept traditional payment methods such as Paypal and credit cards. These fiat currency transactions are seamlessly converted to UOS on the backend and completed using UOS tokens on the blockchain. The token will also be used in a variety of non-transactional ways on the platform, including wagering, tournaments, and donations. 5. GALAGala Games was founded by big names in the gaming and blockchain industries to redefine the gaming world. The Gala network is supported by users, who can operate Gala nodes from their home computers. By purchasing the operating license of Gala Node, users receive rewards based on their contribution to the platform network. Rewards include: GALA tokens, limited-edition NFTs, and opportunities to help grow the Gala gaming ecosystem. 6. GMTSTEPN is a sports application that allows you to earn money while moving. Users equipped with NFT sneakers can go outdoors to earn tokens and NFT rewards. STEPN has a built-in wallet, NFT market, exchange, and a leasing system that allows non-crypto users to use STEPN. STEPN has a dual-token system, a gaming token - Green Satoshi Token (GST) and a governance token - Green Metaverse Token (GMT). 7. ILVIlluvium is an open world GameFi game built on the Ethereum network. The game’s native currency, ILV, is used to reward gamers through the game’s in-game earning features and serves as the project’s governance token. Illuvium leverages Immutable X, an Ethereum layer 2 scaling solution, to significantly reduce the gas fees required to trade NFTs. Like other popular GameFi games, gamers fully own their Illuvials and can trade NFTs on the secondary market. Illuvium offers players and investors a very unique opportunity to collect, trade, battle and acquire rare and valuable assets. 8. MAGICMAGIC is the natural resource of the Treasure metaverse, which "bootstraps" NFTs and turns them from fantasy into productive, profitable assets. Players can earn $MAGIC by playing games, mining, and participating in Bridgeworld. Therefore, the Treasure ecosystem is managed by MAGIC holders. 9. PYRVulcan Forged is a game studio dedicated to building NFT games on Ethereum, Polygon and BSC.Among the series of games on its platform, VulcanVerse and Berserk are the two main games of the project. PYR is its native utility token, which allows users to purchase NFTs from the game market, participate in staking and pay scholars’ registration fees. 10. STARLLoot is a random adventurer equipment generated and stored on the chain. It is a community-driven NFT project. Adventure Gold (AGLD) is the Loot Project governance token initiated by the community. All Loot holders can receive AGLD token airdrops. Loot NFT holders (for each Loot held) can apply for 10,000 AGLD, and AGLD tokens have been released. Loot is adventurer equipment that is randomly generated and stored on the chain. Statistics, images, and other features are not materialized for subsequent exploration by other community members.