Trump's latest campaign rally, little fanboy Musk came on stage to support, and fully opened the X platform canvassing mode, Trump is bound to win the election

This incident will surely continue to ferment and have a multi-faceted impact on the cryptocurrency community, especially in terms of sentiment and policy expectations in the crypto market. The following are a few analyses of the incident:

1. Trump returns to the site of the assassination attempt
Trump's rally in such a sensitive location will further strengthen his image as an "anti-establishment" candidate. This may inspire more beliefs in decentralization and anti-government control in the cryptocurrency community, especially in the Web3 and cryptocurrency communities with strong liberal tendencies. His return is a strong political signal in itself, which may trigger stronger attention to the crypto market, especially for investors who see cryptocurrencies as a counter to the traditional financial system.

2. Musk wore a black MAGA baseball cap
As a long-term advocate of cryptocurrency, Musk has influenced the cryptocurrency circle many times, especially in the promotion of assets such as Bitcoin and Dogecoin. This time, he appeared on stage wearing a MAGA hat to support Trump, which will further increase the attention of the cryptocurrency market. Musk's appearance on stage is not only to support Trump, but also to implicitly support encryption technology. His influence may lead to a warming of market sentiment and may even trigger a short-term price increase of specific crypto assets.

3. The combination of social media and Web3 on the X platform
As the head of the X platform, Musk has been promoting the integration of Web3 technology and social media, and this rally may be an opportunity for him to further promote this vision. The integration of Web3 and social platforms can bring new users and application scenarios to fields such as cryptocurrency and NFT, and using the X platform also opens a green channel for Trump to canvass votes.

4. The growth of Meme tokens for the#Trump#Musk series of concepts
After every major political or social event, the related meme tokens usually experience a short-term growth. The tokens of the#Trumpand#Muskseries of concepts have further increased because of this event, and the popularity may continue until the end of the election.
The new concept coin @americapaconeth was born today, $PAC contract: 0x4C44A8B7823B80161Eb5E6D80c014024752607F2

5. Trump promises to commute sentences if elected @RealRossU
If Trump publicly supports cryptocurrencies and mentions the possibility of commuting the sentence of Ross Ulbricht (founder of the dark web trading platform Silk Road), this will send a strong positive signal to the cryptocurrency community. The decision to commutate the sentence of such a symbolic figure may be seen as a strong support for decentralized finance and Internet freedom, which will drive up the prices of mainstream currencies such as Bitcoin and Ethereum.

In summary, Musk’s full support has increased the odds for Trump’s successful campaign. In the short term, meme tokens and mainstream cryptocurrencies may rise due to Musk’s remarks and influence. In the long term, if Trump is elected and implements policies that support blockchain, the entire crypto industry will usher in new development opportunities and favorable policies.

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