Donald Trump has staged a remarkable comeback against Kamala Harris.
After being down by as much as 10 points, Trump tied up the race yesterday on Sunday, Polymarket odds revealed. However, with the Democratic National Convention kicking off in Chicago today, Harris has edged ahead of her Republican opponent once again.
Nevertheless, the race for the White House is now a dead heat.
Trump’s resurgence is good news for the crypto market, owing to his pro-crypto stance. With the Federal Reserve also set to cut interest rates in September, a crypto bull run appears imminent.
Trump vs Harris – Will The Pro-Crypto Candidate Win In November?
Kamala Harris’s economic plan unveiling hasn’t gone well with Polymarket betters. Not only did Trump manage to gain substantial ground against his opponent, he now leads the swing states of Georgia and Nevada.
Other polls also indicate that Harris’s post-launch momentum is stalling. Last week, Nate Silver of FiveThirtyEight reported mediocre polling days for the Democratic Vice President, highlighting that her lead shrunk from 3.1% to 2.5%.
Similarly, the latest polls from Redfield & Wilton highlight that Trump has overtaken Harris in several battleground states in which the Democrat was previously leading in.
As previously stated, this is extremely bullish for crypto. Trump has already made several pro-crypto promises, including firing Gary Gensler on his first day and setting up a strategic Bitcoin reserve.
Meanwhile, his Democratic opponent is being increasingly perceived as anti-crypto. For instance, the Democratic Party Platform released today had no mention of crypto, Bitcoin or digital assets.
Consequently, a Trump win would provide a massive boost to the crypto market and Web3 industry. In fact, crypto prices could bounce much earlier if the market starts to price in a Trump victory.
Indeed, it does appear that the stars are aligning for a crypto bull run. The US Federal Reserve appears poised to cut interest rates in September, with the CME FedWatch currently pricing in a 77% probability of a 25 bps quantitative easing.
Meanwhile, global liquidity is seeing a substantial uptick, an index that shows a high degree of correlation with the Bitcoin price.
Best Crypto To Buy Before The Bull Run
Experts believe that the next crypto bull run will be led by altcoins, in particular meme coins. Indeed, meme tokens such as Pepe and Floki can still offer 5x to 10x returns, with investors viewing them as a beta bet on Ethereum.
Similarly, Solana meme coins such as Dogwifhat and Bonk could see impressive growth.
Experts are not underestimating new meme coins as well, which often tend to offer outsized returns during bull run euphoria. Unsurprisingly, low-cap meme tokens are already in high demand as investors front-run the upcoming rally.
For instance, Pepe Unchained (PEPU) has raised nearly $10 million in its ICO, owing to its “Pepe The Frog” theme as well as its native Layer-2 blockchain.
Smart money investors are projecting heavy retail investments into PEPU, thanks to the low trading costs and high staking rewards that its Layer-2 chain offers. Other new Ethereum meme coins fall short in this regard.
Consequently, some analysts are suggesting that Pepe Unchained could offer up to 1000x returns for early buyers.
Similarly, meme coin enthusiasts are bullish on PlayDoge (PLAY), a P2E meme coin that has raised over $6 million in its presale.
Following in the footsteps of Floki, Notcoin and Hamster Kombat, it is set to launch a beginner-friendly and rewarding game, not unlike a modern version of Tamagotchi. Additionally, PLAY holders can stake their coins and earn attractive passive income.
Owing to its presale hype, experts project that early PLAY buyers could net north of 10x returns. The hype and FOMO are expected to only surge, considering its presale is ending in just 7 days on August 26th.
