In a post on social media platform X, Lucie, the Shiba Inu marketing lead, expressed expectations for a November bull run and plans to seize the opportunity with a few interesting cryptocurrencies. Adding to the anticipation, the Shiba Inu team member recently emphasized this outlook, predicting that November will be a pivotal month for the crypto industry.
With the US presidential election just around the corner, voters are set to cast their ballots in a matter of hours. Regardless of the outcome, crypto investors are confident that the election will bring lasting changes to the crypto trading landscape.
November Is Set To Be Dramatic, Shiba Inu Team Member Says
In Lucie’s words, “November is set to be dramatic” for the crypto industry. By dramatic, Lucie is talking about a dramatic market playout that could realistically set 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 have left things feeling shaky.
In the case of a bull run, Lucie noted that she expects most of the inflows to originally flow into Bitcoin. Such a case would allow the leading crypto asset to continue its market dominance, which it has maintained since the beginning of 2024.
However, Lucie expects the Bitcoin dominance to later cascade into an altcoin bull run, feeding into the lingering expectations of an altcoin season among many participants of the crypto market. Interestingly, Lucie hopes to capitalize on this altcoin bull run by investing in “established tokens.” Her investment plan centers around Shib, Bone, and Leash, which are all core tokens in the Shiba Inu ecosystem.
As Shiba Inu’s marketing lead 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 for their growth, even beyond the anticipated November bull run.
What’s Next For The Crypto Industry Following The US Presidential Elections
History shows the US presidential election has always been bullish for Bitcoin and the rest of the industry, regardless of the outcome. Particularly, history shows Bitcoin has never dipped back lower than its price on election day and has always gone parabolic after a US election.
This time is no different, with current market dynamics increasing the optimism among crypto investors. According to a recent report, Bitcoin options traders are betting on the Bitcoin price to reach an all-time high of $80,000 by the end of November.
Such a significant rally in Bitcoin is likely to spill over to other cryptocurrencies, creating gains across the market. A new 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
Source: https://bitcoinist.com/shiba-inu-presidential-elections/