The election has entered the most critical day, and by tomorrow noon, the results of the election will basically be settled. It is worth noting that Trump is currently trailing in votes. Although the voting results from several key states have yet to come out, the situation does not look as optimistic as before. It is uncertain how many crypto-friendly policies Trump can fulfill if elected, but Harris's election would certainly be worse.
In terms of market conditions, the current trend of Bitcoin is also quite tense, with support levels around 67,000-68,000 temporarily holding. Regardless of the election results, Bitcoin's volatility may not be significant, as what the market fears often doesn't happen. Additionally, the US stock market is not showing any particularly notable trends at the moment. However, we still need to wait for the election results to see the actual situation. We can witness this presidential election, which has the greatest suspense so far, and feel the atmosphere of democracy.
In recent days, Ethereum has led some altcoins to drop significantly. However, it is unclear if everyone has noticed that DOGE's performance is quite strong. If it weren't for betting on Trump's victory in the election, it would mean some capital is starting to move towards more capital-oriented positions. Recently, it has been observed that some funds are also beginning to position for a bull market, but it is still uncertain when the situation for retail investors will reverse; they will have to endure for a while.
The key point in this wave is Bitcoin. The previous low point adjusted to 49,000 can be confirmed as the lowest point of this round of adjustments. However, it is uncertain whether there will be a high-level wide adjustment. Based on the election results, I believe that if Trump is elected, there will be another attempt to reach new highs in the short term, followed by a big retracement after the FOMO, cleansing the bulls, and finally starting a grand bull market after the adjustment.
4 cryptocurrencies worth investing in are ready for a 100-fold explosion in the bull market!
PEPE
Issuance and market cap: PEPE currently has an issuance of 420.69 trillion coins. Due to the large quantity, it is particularly difficult for the price to rise.
Burning mechanism: A force to reduce supply. If you want the price to rise, burning coins is a common tactic. If PEPE burns 99% of its supply, only 42 trillion will remain in circulation. Although the number is still large, reducing supply can make PEPE scarcer, potentially causing the price to skyrocket.
Bull Market: Cryptocurrencies often rise significantly during a bull market. If major players like Bitcoin and Ethereum enter a strong bull market, meme coins like PEPE can benefit, and prices will rise.
BOME
A meme coin on the Solana chain, the whales' strength is strong. This token from March this year continues to surge upward with big bullish candles each time it gathers power. It can be a priority for allocation during pullbacks.
BOME currently has a market cap of 650 million USD, but the trading volume has astonishingly reached 350 million USD (surpassing SHIB), with a turnover rate exceeding 51%.
BOME is currently being defended around 0.0085 by the whales, with accumulation happening. If it breaks through and stabilizes, as the price stabilizes, selling pressure may weaken, and it is likely to aim for a new height in November.
SUI
This month, it is likely to reach 6-7 USD, marking the first tier of this bull market. It is a low-latency, high-throughput first-layer blockchain led by Mysten Labs and FTX, with instant transaction settlement capabilities, making SUI a standout on the chain.
SUI currently has a market cap of 5.5 billion USD, with a 24-hour trading volume of 700 million USD. Previously, after each explosive surge, it would pull back, consolidate in 4-hour intervals, and before taking off, there would be a false breakdown followed by a surge.
Previously, driven by positive news, the sudden outbreak of market sentiment quickly rose to a new height.
Currently, it has begun to enter a correction phase for accumulation, waiting for a breakthrough and stabilization. When going long, be cautious of holding positions. Around 1.83 is the weekly support, and the current price is 1.94 USD, but I personally feel that at this stage it is not enough to support, and there is still a possibility of breaking below the weekly support level.
SHIB
A legendary thousand-fold increase; however, one of its holders (Steven.Dux) has predicted the prices for the end of 2024 and 2025 after holding for nearly two years. SHIB turned a 3,100 USD investment into 1.1 million USD. This news caused a huge stir.
An analysis of SHIB's price at the beginning of 2024 discussed the potential impact of capital inflow, accumulation capacity, market circulation, and specific events on SHIB's value.
By the end of 2025, it is predicted to have a continuous upward trend, with prices possibly between 0.00015 USD and 0.00025 USD. This data indicates a growth of 300% to 500% compared to the beginning of the year. These increases are based on factors such as growing adoption, market circulation, continuous ecosystem development, and overall market trends.
