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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 14, 2024 11:23 UTC
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Crypto Experts Predict Altcoin Season in 15 Days Ahead of U.S Elections
Analysts like Michaël van de Poppe forecast a potential altcoin surge within the next 15 days.
Experts suggest a post-election altcoin rally could occur, especially if regulatory barriers ease.
A Trump re-election might trigger favorable regulatory shifts, potentially boosting altcoin performance.
With the U.S. presidential election just around the corner, analysts like Michaël van de Poppe are predicting a major altcoin breakout in the next 15 days. Van de Poppe points out that the altcoin market, excluding Bitcoin and Ethereum, is showing signs of strong growth, with conditions hinting at a potential surge in the coming weeks.
Could the Election Trigger a Post-Election Rally?
With 22 days left before the election, many experts are closely watching the crypto market, suggesting that a rally could be on the way—especially if regulatory hurdles are relaxed. Ki Young Ju, CEO of CryptoQuant, believes that regulatory shifts could pave the way for altcoins like Uniswap (UNI), which has been held back by legal issues, to finally gain momentum.
There’s growing speculation that a Trump re-election could bring more favorable regulations for altcoins. Ki Young Ju suggests that if Trump wins, Uniswap’s long-delayed fee switch mechanism could be activated, significantly boosting UNI’s price. This shift could remove existing obstacles, allowing altcoins to perform better in a more open market.
Is History Repeating Itself?
Some analysts are comparing the current crypto cycle to Bitcoin’s rally in 2020, predicting that a similar altcoin surge could follow. CRG, a well-known analyst, highlights that Bitcoin’s current phase resembles late 2020, when Bitcoin hit new peaks before altcoins followed with their own rally. With Bitcoin’s dominance currently around 58%, the conditions seem right for altcoins to capture a larger market share.
Altcoin Season: Just Weeks Away?
As the U.S. election draws closer, market optimism is rising. Van de Poppe and other analysts predict that altcoins could see a strong rally within the next few weeks, especially if Bitcoin’s dominance drops. With Trump currently holding a 54% chance of winning according to Polymarket, the outcome of the election could play a key role in shaping the future of altcoins.
The election could change everything for altcoins. The only thing left to do is watch and wait.
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