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With the upcoming US presidential election, what are the "hype targets" that can be lying in ambush?
Is the end of the election the beginning of a new round in the encryption market? This article is derived from an article written by WOO and compiled by PANews. (Summary: US election storm is approaching, weak yen is the best safe-haven asset? (Background added: BTC whale holdings hit a new high!) Standard Chartered: BTC will rush to $73,000 on US Election Day) With less than a week left before the US presidential election on November 5, the encryption user community has a place in this election. According to Triple A data, the proportion of people holding cryptocurrency in the United States in 2024 is 15.5%, representing about 51 million Americans who hold it, and this number represents more than the total population of African Americans (41.1 million), losing only to Latino Americans (about 57 million) This is why Cryptocurrency has become the focus of this US presidential election. Among them, Trump has continuously introduced friendly policies for encryption. Meme coin is a manifestation of the attention economy, so it has always been closely tied to hot events, and the US presidential election is an excellent hype topic, so which coins are worth following with hype opportunities? Let WOO X Research show you! High Market Capcoins: DOGE, People $DOGE The first meme in history, coin DOGE, added political color to the reason why Musk supported Trump. Musk tweeted on August 20 that he wanted to establish a "Department of Government Efficiency," or D.O.G.E, a concept suggested by the DOGE community. Trump also responded that if elected, the department would be established, a comprehensive financial audit of the government would be conducted, and he proposed to reduce waste. Therefore, DOGE's coin price performance has also been linked to the presidential election. Current Market Cap: 25.5B Rise and fall in the past 14 days: +48% Rising momentum: Musk posted and Trump mentioned $People People is not a presidential candidate as the core, but a token of ConstitutionDAO. ConstitutionDAO is a Decentralization organization founded in 2021 to raise funds and bid for a rare copy of the U.S. Constitution at Sotheby's, raising as much as 6,000 ETH, which equates to about forty million dollars. At the same time, through the Block blockchain platform Juicebox issuance PEOPLE governance token, investors can exchange 1 ETH for 1 million $PEOPLE. Tokenholders do not directly own the constitution, but have the power to govern the community. After a successful bid for the Constitution, the DAO community will vote on what to do with the copy. However, the bidding was not successful, so ConstitutionDAO announced the end of the project, and the community members also decided to disband the community after processing the refund process, but there were still community members who chose to keep the PEOPLE token exchanged for Ethercoin and carry out other projects in the form of DAO, which also made $People a meme coin. Memes, full circulation, low market caps, combined with the natural political nature of the Constitution, became the driving force behind the rise of People. Current Market Cap: 386M Rise and fall in the past 14 days: -7.6% Upward momentum: Nodecorrelation is higher with the timing of the presidential election Small Market Capcoin: MAGA, KAMA $MAGA The concept is the abbreviation of Trump's slogan Make America Great Again, and the price trend of coin is closely related to Trump polls. At present, there are quite a few Trump concept coins on the market, including Trump, Tremp, Fight, babytrump, etc., the coin price trend in the past two weeks is MAGA, other coins with the Trump election winning rate increased, the price increase is not as expected, if you think that Trump has a high probability of election, MAGA is a more stable choice. Current Market Cap: 101M Gains and Losses in the Past 14 Days: +83% Upside Momentum: Rises as Trump's chances of winning the election increase. $KAMA Token's full name is Kamala Horris (change a to o), conceptually spoofing the cartoon Democratic candidate He Jinli. It is worth mentioning that among the political meme coins, there are many Trump concept coins, while He Jinli concept coins are very few, which also reflects the political preferences of encryption users. Current Market Cap: 7M Gains and Losses in the Past 14 Days: +13% Upside Momentum: Rises as He Jinli's chances of winning the election increase. Political Memes Coin HypeImportant Events & Time Electors, Votes (11/5 > 12/16) After the election of electors in the November 5 referendum, state electors will gather on the "first Monday after the second Wednesday" in December (December 16, 2024) to vote for a certain group of presidential vice presidential candidates, depending on the results of the popular suffrage in each state. Therefore, some people say that this day is really "US Presidential Election Day" The results of the US presidential election are out(2025/1/6) The joint session of the US Congress will officially announce the elected person in early January of the following year. At that time, members of the Senate and House of Representatives of the National Assembly will meet together to approve and count the results of the Electoral College votes and formally announce the election of the new president and vice president. This process symbolizes the final confirmation of the electoral process and the final step in the new government's assumption of office. President sworn in(2025/1/20) The new president will be sworn in on January 20, 2025, officially beginning his term. Conclusion: The end of the election, the beginning of a new round in the encryption market? It is foreseeable that with the end of the presidential election, the aforementioned meme coin does not have much hype momentum, when the market sentiment will return to the attitude of the new president towards cryptocurrency. Trump is noticeably more courting to encryption voters than Ho, and recently announced that he will be issuance's own Stable Coin. This is one of the reasons why the two sides are close in traditional polls, and Trump has a one-sided winning rate in Polymarket. At present, BTC trend is strong, if Trump is finally elected, it can be regarded as a positive landing, in the short term may face coin price callback pressure, but if over time, the implementation of encryption-friendly policies, it will bring a more stable investment environment and long-term Favourable Information to the overall market. Related reports Will Trump win big? 4 Signs Through, Former Reagan Analyst: Support for Voters More Than You Think! Musk sends DOGE meme DOGE jumps, helps Trump create momentum and shouts: cut at least $2 trillion in the federal budget Musk ALL IN Trump, what is the "US election" business behind it? "With the US presidential election just around the corner, what are the "hype targets" that can be lying in ambush? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".