The cryptocurrency market seems to be consolidating. Investors might be growing more circumspect as the US presidential election draws near. The race for the White House will probably have an effect on the market, either favorably or unfavorably.
While market participants may be cautious now, they will likely become active soon. Let’s look at three crypto assets you should watch before the US elections. These three assets have a high probability of rallying around the time of the elections.
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Top 3 Cryptocurrencies You Should Watch Before The US Elections
1. Bitcoin (BTC)
Bitcoin (BTC) is the market leader, and other assets follow its trajectory. The original cryptocurrency may begin to gain upward momentum in the days preceding the election.
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Standard Chartered anticipates BTC to hit $125,000 if Donald Trump wins the US Presidential election. On the other hand, CoinCodex analysts anticipate the cryptocurrency to hit a new all-time high of $86,715 on Nov. 5, 2024, on the day of the election.
2. Solana (SOL)
SOL is another popular cryptocurrency you should have on your watchlist before the US elections.
While CoinCodex predicts BTC will hit a new all-time high on election day, it does not have the same forecast for SOL. The platform anticipates SOL will trade at $161.02 on Nov. 5, 2024. Standard Chartered, on the other hand, anticipates SOL will outperform BTC and ETH if Donald Trump wins the elections.
3. World Liberty Financial (WLFI)
WLFI is a cryptocurrency project that Donald Trump and his family personally support. If Trump wins the elections, the token could witness a massive price surge.
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CoinCodex analysts do not anticipate a big rally for the crypto in the days preceding the elections, but this could change if Trump takes power.
