Altcoins Price & The November 2020 USA Elections

[mohdelayo]

BTC's price have recently broken a new high since after over a year now and this is amidst preparations for the upcoming november US elections.

A lot of experts in cryptospace have speculated differently on altcoins market situations as regards to the US elections, many speculated we are not seeing any green in the altcoins market until around first quarter of 2021 while a lot have speculated we will keep having a red altcoins market until around late november.

Despite all these speculations, BTC just pulled out and looks like the rocket engines are still warming up for a more upward price actions. What do you all think about this situation? Please lets air our view.

[TERMINO]

Altcoins price is not dependent upon USA elections rather to every crypto big/small enthusiastics. Take a look the price not affected by election supposedly according to prediction it should drop now but the trend goes oppositely crossing beyond the 13K. Maybe few days left Bitcoin price reach 14K mark. The world is slowly recovering which I think the big factor of getting back to normal.

[mohdelayo]

Well it's not a new thing that political activities do have impact on the market, USA for that matter. The elections is getting closer Lets see how the situation unfolds and influence the market.

[TomPluz]

In the past, there were times that when BTC is pumped many altcoins also get their share of the action but there were also those pump days when only BTC was getting the share of the limelight. And we are experiencing that today when Bitcoin is monopolizing the show for itself. Well, there is nothing we can do but just wait and see where this is leading to. I am sympathizing with many altcoin holders but I know for sure that its time is also coming -- patience is a big virtue in this industry except of course if you -- just like me -- happen to also received shitcoins.

[babu10]

BTC's price have recently broken a new high since after over a year now and this is amidst preparations for the upcoming november US elections.

A lot of experts in cryptospace have speculated differently on altcoins market situations as regards to the US elections, many speculated we are not seeing any green in the altcoins market until around first quarter of 2021 while a lot have speculated we will keep having a red altcoins market until around late november.

Despite all these speculations, BTC just pulled out and looks like the rocket engines are still warming up for a more upward price actions. What do you all think about this situation? Please lets air our view.

I think there is no connection with US election to cryptocurrency. Some developing countries money use before election to motivate people but in US election, cryptocurrecy not use to motivate people. So how i can say in election purpas crypto market going to green?

[masterrex]

I dont think that the upcoming U.S election has a significant effect on the cryptocurrency price, and I'm wondering what was the connection, between politics and the crypto industry? Instead, base on the recent development, the U.S SEC has made the crypto companies worried about the current situation because the SEC has initiated a crackdown on all crypto platforms that were operated in the U.S.

[wawan96]

The price of Altcoin is currently quite low at the price is not as good as in 2017 the price really dropped so drastically I saw Altcoin not following Bitcoin in the past this decline made the price decrease the example like the ethereum price was actually low not having a high price like last year This makes Altcoin so low now.

[Jaguar]

There are a lot of big investors or whales come from US. Maybe the speculation may not or could happen. However, Bitcoin and altcoins life remains the same. Bearish or bullish is not new in crypto industry, actually whether there is or none US election crypto is volatile and not dependent to any country. Cryptosphere can stand alone outside US or from any citizens.

[CriptoLH]

Most likely, the price of bitcoin is influenced not by the political situation in the world and not by the presidential elections in the United States, but by completely different factors. First of all, this is a favorable news background for the cryptocurrency.

[bigcash2011]

Whatever the outcome of the US elections will be, I am bullish about btc and crypto market, the US elections will more importantly impact the price of USD which a gain a couple percent but i see strength in crypto and with that i mean real parabolic bull run.

[gotbounty]

Do the USA selection and altcoins prices having a correlation? To be honest, I don't see the correlation between them. They are quite different, moreover crypto market doesn't depend on the government policy. So, even if there is an effect on crypto market or altcoins prices, the effect should be quite small.

[EAA-ALLAH]

I think there will have no influence on bitcoin and others cryptocurrencies market.

[Octoalts]

What the American election has to do with changes in crypto prices, in my opinion has nothing to do. And this American election that will be held has no effect, Cryptocurrency prices change because of the supply and demand in the market and those who play in the Cryptocurrency market are people around the world who have no connection with the American elections.

[debra]

The US election is almost there. Many people think that this will also influence the market of cryptocurrency. Moreover, it is about many people that believe the BTC will increase highly again during the election. And personally, I also hope so. But how is the price down?

[saprakib]

Well it's not a new thing that political activities do have impact on the market, USA for that matter. The elections is getting closer Lets see how the situation unfolds and influence the market.

Yes we all know that election makes changes on market movement and USA elsction is near. We have seen that market started to move unpredictable way but still has a uptrend momentum. I think if Trump win it will be huge positive sign for crypto market and he has a great chance to win this time as well.