- Donald Trump’s chances of winning stand at 56.5% as per Polymarkets.
- Trump has promised to support Bitcoin and blockchain technology if voted president.
- Bitcoin (BTC), Bittensor (TAO), and Solana (SOL) are expected to turn bullish if Trump wins.
Bitcoin (BTC) is predicted to make notable gains and reach new highs if Donald Trump, the Republican candidate and a strong advocate for crypto, wins the U.S. presidential election.
According to the data from Polymarkets, Trump currently holds a 56.5% chance of winning in the 2024 election, while his opponent, Kamala Harris of the Democratic party, holds a 43.5% chance. A massive $1.2 billion in bets have been placed on Trump, while Harris has attracted $771 million.
Read also: Bitcoin Plunges to $67K; 104K Traders Liquidated, Losing $230M: What’s Next for BTC?
With the voting to start November 5th and the results approaching, Trump’s agenda promises to replace SEC Chairman Gary Gensler and support wider adoption of Bitcoin and blockchain technology. If Trump secures the win, BTC may soar, with Bittensor (TAO) and Solana (SOL) also potentially seeing significant gains.
Bitcoin and Altcoins: Current Market Snapshot
According to CoinMarketCap, Bitcoin is trading at $69,112 at the time of writing, down 6.25% from its all-time high of $73,750 after an unsuccessful attempt to break that level in late October. The cryptocurrency currently has a market cap of $1.37 trillion with trading volume up by 43.16% in the past 24 hours, reaching $33 billion.
Will Bittensor and Solana Continue Their Strong Performance?
As of now, TAO and SOL are priced at $432.47 and $163.06, respectively. Since November 2023, TAO has risen 379.59%, while SOL has increased by 298.20%. However, in the past week, with Bitcoin struggling to hold above $70,000, SOL dropped 6.98% and TAO fell 12.92%.
TAO, with a market cap of $3.19 billion, remains one of the largest projects in the AI and distributed ledger space. Meanwhile, SOL, a leading Layer 1 solution, has a market cap of $76.7 billion. Both assets have shown strong performance, with continued potential for growth.
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