In a post on social media platform Adding to the anticipation, a Shiba Inu team member recently confirmed these predictions, predicting that November will be a pivotal month for the cryptocurrency industry.
With the US presidential election approaching, voters are scheduled to cast their ballots within hours. Regardless of the outcome, cryptocurrency investors are confident that the election will be successful It will bring lasting changes To the cryptocurrency trading scene.
November is set to be an exciting month, says a Shiba Inu member
In Lucy words“November is set to be an exciting month” for the cryptocurrency industry. Excitingly, Lucy talks about a dramatic market effect that could realistically see many cryptocurrencies rise over the course of the month. Her forecast is based on the US elections and global political shifts, although she noted that both have created economic uncertainty and left things looking shaky.
In the event of a rally, Lucy noted that she expects most inflows to originally flow into Bitcoin. Such a situation would allow the leading crypto-assets to continue their market dominance, which they have maintained since the beginning of 2024.
However, Lucy Predicts Bitcoin dominance It later cascades into a bullish wave for alternative currencies, which fuels the relationship Expectations for the altcoin season Among many participants in the cryptocurrency market. Interestingly, Lucy is hoping to capitalize on this altcoin uptrend by investing in “tokens.” Its investment plan revolves around Shib, Bone, and Leash, all of which are key icons in the Shiba Inu ecosystem.
As Shiba Inu’s marketing lead and a prominent advocate for its ecosystem, Lucy’s interest in these icons matches her commitment to the project. Its focus on these assets highlights its optimism about their growth, even after an expected rally in November.
What’s next for the cryptocurrency industry after the US presidential election
History shows that the US presidential election has happened It has always been bullish for Bitcoin And the rest of the industry, regardless of the outcome. In particular, history shows that Bitcoin has never fallen below its price on Election Day, but has always gone parabolic after the US election.
This time is no different, as the current market dynamics are increasing optimism among cryptocurrency investors. according to Recent reportBitcoin options traders are betting that the price of Bitcoin will reach an all-time high of $80,000 by the end of November.
This surge in Bitcoin will likely spill over into other cryptocurrencies, generating gains across the market. The new bullish momentum could lead to the creation of more DeFi and cryptocurrency projects, including tokens.
Featured image created with Dall.E, chart from Tradingview.com