Bitcoin
$
67,518
hovers around the $68,000 mark, recently falling short of reaching $70,000. The latest attempts in the past 24 hours have also failed. Investors shift their focus to the impending election results, raising questions about the future of NEAR Coin. What are Poppe’s latest forecasts regarding NEAR Coin? The final evaluations for the elections provide intriguing insights.
Contents
NEAR Coin Commentary
Cryptocurrencies and Elections
NEAR Coin Commentary
The collapse of FTX severely impacted NEAR Coin, similar to SOL Coin, as it was categorized among “Sam Coins.” These altcoins were backed by SBF and FTX, known collectively as “Sam Coins.” Fortunately, both have shown signs of recovery. While SOL Coin has achieved significantly higher gains, NEAR Coin has exhibited limited growth.
At the time of writing, Poppe shared the following graph and stated:
Cryptocurrencies and Elections
An analyst using the pseudonym Phoenix wrote that BTC would soon reclaim the $70,000 mark. Many share the perspective that, once election pressures subside, markets will recover, even if Kamala is elected. What if Trump wins? This scenario could present the best path for
cryptocurrency
.
In a recent analysis, TradezSZ noted that
BNB
Coin could offer good trading opportunities if Trump wins.
The analyst’s chart indicates target levels exceeding $2,000. The Kobeissi Letter assessed election data from the cryptocurrency prediction platform Kalshi. It has been noted that prediction markets often reflect biases compared to real-world polls.
However, the data reflects the influence of those making predictions. It makes sense that Democrats engage less on these platforms compared to Republicans. Crypto investors may sabotage the data in favor of Trump, as real-world polls do not show such clear divides, reflecting Trump trailing at approximately 48% to 49%.
From the shifting data in prediction markets, we can draw this conclusion:
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
