The US Presidential election is almost upon us. Regardless of who wins, the markets will likely move. The cryptocurrency and stock markets have faced some volatility over the last few days as we head into election week. Bitcoin (BTC) briefly reclaimed the $73,000 mark, a level last seen in March of this year. However, BTC’s price did not hold above $73,000, facing a correction to the mid-$68,000 level.
Let’s look at three crypto assets you could watch before the US election result on Nov. 6, 2024.
Also Read: Top 3 Stocks to Buy Now If Kamala Harris Wins the Election
Top 3 Cryptocurrencies You Could Watch Before The US Election Results
1. Bitcoin (BTC)
Bitcoin (BTC) is the market leader, and other assets will likely follow its path. Many analysts anticipate that BTC will reclaim its all-time high later this year.
According to Standard Chartered, the original cryptocurrency could surge to $125,000 if Donald Trump wins the Presidential race. Hitting $125,000 from current price levels will entail a rally of about 82.6%.
Also Read: How High Bitcoin (BTC) May Pump If Trump Wins The US Elections?
2. Solana (SOL)
Solana (SOL) is another cryptocurrency that could rise after the US elections conclude. The asset has displayed an incredible performance over the last few years. SOL’s price fell to below $10 after the collapse of FTX in 2022. Since its 2022 lows, the asset has made quite a recovery.
Standard Chartered anticipates SOL will rally by 400% if Trump returns to the White House after spending four years out of power. This rally would take the cryptocurrency’s price to $641.44, a new all-time high.
3. Ethereum (ETH)
ETH is another cryptocurrency that could rally after the US election. The asset has struggled to gain momentum this year despite the SEC approving ETFs (Exchange Traded Funds) for the coin.
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Standard Chartered is very bullish on ETH, predicting the cryptocurrency to hit $8,000 in the short term and $35,000 in the long term.
