In a post on social media platform Adding to the anticipation is the Shiba Inu team member recently emphasized this viewand predicts that November will be a crucial month for the crypto industry.
With the US presidential elections just around the corner, voters will cast their votes within hours. Regardless of the outcome, crypto investors are confident that the election will happen will bring lasting changes for the crypto trading landscape.
November will be dramatic, says Shiba Inu team member
At Lucie’s words“November is going to be dramatic” for the crypto industry. By dramatic, Lucie is talking about a dramatic market development that could realistically send many cryptocurrencies into rallies throughout the month. Her view is based on the US election and global political shifts, although she noted that both have created economic uncertainty and made things uncertain.
In the event of a bull run, Lucie noted that she expects most of the inflows will initially flow into Bitcoin. In such a case, the leading crypto asset could continue its market dominance that it has maintained since early 2024.
But Lucie expect Bitcoin dominance only to later transition into an altcoin bull run, fueling the lingering coin expectations of an altcoin season among many participants in the crypto market. Interestingly, Lucie hopes to capitalize on this altcoin bull run by investing in “established tokens.” Her investment plan revolves around Shib, Bone and Leash, all core tokens in the Shiba Inu ecosystem.
As Shiba Inu’s marketing leader and a prominent advocate for the ecosystem, Lucie’s interest in these tokens matches her commitment to the project. Her focus on these assets underlines her optimism about their growth, even after the expected bull run in November.
What’s next for the crypto industry after the US presidential elections
History shows that the American presidential elections did just that always been bullish on Bitcoin and the rest of the industry, regardless of the outcome. In particular, history shows that Bitcoin has never fallen lower than its election day price and has always remained parabolic after a US election.
This time is no different, as current market dynamics increase optimism among crypto investors. According to a recent reportBitcoin options traders are betting that the Bitcoin price will reach an all-time high of $80,000 by the end of November.
Such a significant rally in Bitcoin will likely spill over to other cryptocurrencies, creating gains across the market. New bullish momentum could even lead to the creation of more DeFi projects and cryptocurrencies, including meme tokens.
Featured image created with Dall.E, chart from Tradingview.com