The US presidential election is entering its final stages, with just over 20 days until voting day. The results of this election are expected to have a profound and lasting impact on the cryptocurrency industry.

Many experts in the field have made predictions about the volatility of altcoins in the context of the election.

Altcoins are likely to grow strongly as regulatory barriers are removed

Ki Young Ju, CEO of CryptoQuant, believes that some altcoins have not been able to rally due to regulatory hurdles, citing the case of Uniswap (UNI) to illustrate this point.

Since 2022, Uniswap has proposed a fee-shifting mechanism that would redistribute protocol fees to UNI token holders. However, the project has expressed concerns that this feature could expose them to regulatory risk, leading to the possibility of UNI being classified as a security. In April 2024, the US SEC sent Uniswap Well Notes, forcing the project to shelve the plan.

Ki Young Ju commented that if the fee conversion is activated, the distribution amount could boost the price of UNI.

“If Uniswap’s fee switch were to trigger, the treasury could hold $314 million. Currently, there is $408 million worth of UNI on centralized exchanges. If the treasury were to be used to buy back, the price could spike 10x to 100x, depending on the depth of the order book. (This is not financial advice; I do not hold UNI).”

He also predicts that if Donald Trump is re-elected, new regulations could allow for fee shifting, thereby boosting the price of UNI.

Other analysts are looking at past market patterns to predict an altcoin season later in the year. Analysis from CRG shows that Bitcoin’s current phase resembles the late 2020 cycle. They found that more than 100 weeks after Bitcoin bottoms, prices typically surge to new highs, followed by an altcoin rally just a week later.

“Compared to previous cycles, it looks like we are on track for a third boom year. If this cycle repeats, BTC will have only 4 weeks left of price discovery, and BTC dominance will peak in about 5 weeks,” CRG predicted.

At the time of writing, Bitcoin dominance remains at 58%, with no signs of a correction. The decline in Bitcoin dominance could indicate that other crypto assets are gaining market share, signaling altcoin season.

Furthermore, Michaël van de Poppe predicts that the altcoin season will begin in the next 15 days, based on the growth of the altcoin market capitalization (TOTAL3).

“Altcoin market cap is preparing for a breakout. The next 1-2 weeks are likely to bring that breakout.”

According to the current timeline, the altcoin could see a strong rally after the election on November 5. Polymarket is currently predicting a 54% chance of Donald Trump winning. Furthermore, an observation shows that out of the last four presidential terms, Bitcoin has had the best growth during Trump's time in office.#Write2Win #BinanceTurns7 #TRUMP #baucutongthongmy2024 $BTC