Opinion: Countdown to the US election, altcoins become the riskiest trade in the cryptocurrency world
2024-11-05 16:14:39
Since then most of the time the performance has been weaker than that of Bitcoin after that Dogecoindesk3cryptocurrencydesktopCrypto News
After underperforming Bitcoin for much of the year, smaller cryptocurrencies such as Dogecoin (Doge) and Solana (Solana) may end up facing the biggest risks after the US Presidential Election. Bitcoin rose 4.6% at one point to $70,165 on Tuesday, about 5% below the record high of around $73,800 set in March. The largest cryptocurrency by market capitalization has risen more than 65% this year. Dogecoin rose as much as 17% on Tuesday, in part due to longtime Dogecoin supporter Elon Musk saying that if Donald Trump wins the election, the Department of Government Effectiveness (D.O.G.E.) will be established. " For bitcoin, the US election doesn't matter much, "said Zaheer Ebtikar, founder of cryptocurrency fund Split Capital." For altcoins, if Kamala Harris wins, they may not rally as much. They are the biggest winners or losers of this election. "
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
观点：美国大选进入倒计时，替代币成为加密货币世界风险最大的交易Next article：
大选日，美佛罗里达州选民信息网站出现“技术问题”
