In a post on social media platform Adding to the anticipation, team member Shiba Inu recently highlighted this perspectivepredicting that November will be a pivotal month for the crypto industry.
With the US presidential election approaching, voters are expected to cast their ballots in just a few hours. Regardless of the outcome, crypto investors are confident the election will bring lasting change to the crypto trading landscape.
November promises to be dramatic, says Shiba Inu team member
At Lucy’s words“November promises to be dramatic” for the crypto industry. Dramatically speaking, Lucie is talking about a dramatic market move that could realistically send many cryptocurrencies into rallies throughout the month. Her outlook is based on the U.S. election and global political shifts, although she noted that both have created economic uncertainty and left things fragile.
In the case of a bull run, Lucie noted that she expects most of the flows to initially be directed towards Bitcoin. Such a case would allow the leading crypto asset to maintain its market dominance, which it has maintained since early 2024.
However, Lucy expects Bitcoin dominance to then turn into an altcoin bull run, fueling the persistent expectations of an altcoin season among many players in the crypto market. Interestingly, Lucie hopes to capitalize on this altcoin bull run by investing in “established tokens.” Its investment plan focuses on Shib, Bone, and Leash, all of which are core tokens in the Shiba Inu ecosystem.
As Shiba Inu’s marketing manager and a prominent advocate for its ecosystem, Lucie’s interest in these tokens aligns with her commitment to the project. Her focus on these assets highlights her optimism that they will grow, even beyond November’s forecast surge.
What’s next for the crypto industry after the US presidential elections
History shows that the American presidential election has I have always been bullish on Bitcoin and the rest of the industry, whatever the outcome. In particular, history shows that Bitcoin has never fallen below its price on election day and has always gone parabolic after a US election.
This time is no different, with current market dynamics increasing optimism among crypto investors. According to a recent reportBitcoin options traders are betting on the price of Bitcoin to hit an all-time high of $80,000 by the end of November.
Such a large Bitcoin rally is likely to spill over to other cryptocurrencies, creating market-wide gains. Further bullish momentum could even lead to the creation of more DeFi projects and cryptocurrencies, including meme tokens.
Featured image created with Dall.E, chart from Tradingview.com