As the announcement of the results of the US presidential election on November 5 approaches, with Trump and Harris as the main candidates, different results will create different situations in the cryptocurrency world. If Trump is elected, there may be a pump in the cryptocurrency world, especially with Dogecoin, driven by Musk's support for Trump and the efficient, safe, and decentralized nature of Dogecoin, which could bring more opportunities for it during Trump's tenure. Meanwhile, if Harris is elected, the market may experience a large pullback. However, regardless of the situation, both scenarios should be prepared for and not take a heavy position!

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The cryptocurrency market situation is very important this week and the election week, with both positive and negative news, conflicts between Iran and the US, US selling arms to Taiwan, Europe-US-Australia all cooperating in defense with Taiwan, Whales and institutional capital may recognize the risk, although the current short selling force is very weak, only BTC and SOL are rising, other coins are silent, but safe-haven currency gold is reaching new highs. The sentiment index also shows that it has entered the risk zone, now if BTC has a pullback, altcoins may go through a period of decline below the initial coin sale price as before, this is clearly not good, only new capital participates but retail does not, such a price increase phase may not last long. At this time, altcoins can only wait for an opportunity to continue to rise after the main market adjusts, if not, all are price increase phases to prepare for dumping, before the official breakout, all follow the fluctuation direction.
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In the context of AltCoin adjustments, we also need to be prepared to lie low, focusing on monitoring the MEME area, first of all, interesting with many types of animals, frogs, hippos, BOME, then the theme of the PEOPLE electorate, and currently the AI+MEME, it is likely that MEME will extend throughout the cycle. Other smart altcoins are starting to shift towards becoming MEME issuance platforms, for example, APE is following the path of SUI, APT, pulling the price, as well as DYDX and BAKE, these projects will benefit together in the future. Now, what you need to do is to pursue, or switch to some fairly stable altcoins in the market capitalization like MEME, or large DEX projects, or projects with short-term price increase opportunities. Combined with news, if you really don't want to switch, don't want to move, then follow after btc creates a new peak, then the remaining projects will perform. In addition to MEME, the trend of the public chain is also fine, sol and its ecosystem are also one of the absolute leaders here, also one of the few projects that can pump compared to BTC, tia, icp, tron, ada also have good trends, other altcoins mostly are in a downtrend. In summary, the current market is still not a full bull altcoin period, I still believe that Q4 will have a big cycle, let's keep the money and wait.