Speculation and hype, several key timelines that may reignite the market:
1. November 3-5: US Midterm Elections
2. November 6: Federal Reserve Meeting
3. December 14: Announcement of US Election Results
Only 14 days remain until the US election, unless a black swan event occurs, the market may not experience significant volatility. However, with these important events approaching, market conditions could change rapidly.
Trump's Opportunities
Trump has been quite active recently, visiting swing states, even personally frying fries at McDonald's to garner worker votes. At the same time, Musk has also openly supported Trump, rewarding one lucky winner with $1 million each day. Interestingly, Tesla still holds 11,509 Bitcoins, recently just transferring these Bitcoins to a new wallet.
Musk even announced that anyone donating to Trump, he would match the donation amount. This is undoubtedly a massive financial support, indicating that Musk is 'ALL IN' for Trump.
Trump also stated that if he is re-elected on November 5, he will significantly lower US interest rates, which would be great news for Bitcoin and the overall crypto market.
Election-related Cryptocurrencies
Market sentiment will undoubtedly influence election-related cryptocurrencies:
1.$PEOPLE : As the election approaches and with Trump’s support, the attention on PEOPLE coin has rapidly increased. Trump has secured five out of seven swing states, and this coin's trajectory may soon see a significant upward signal.
2. $PEPE : In a super bull market, PEPE has emerged as a leading Meme coin, with the potential to become a mainstream Meme coin in the new bull market.
3. $APE : After launching a public chain and meme coin launch platform, APE's trading volume has hit a historic high, likely to become a standout in the altcoin space.
In the coming weeks, these timelines will have a significant impact on the market, especially concerning election-related cryptocurrencies.