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Solana Co-founder Urges Voters To Look Beyond Donald Trump & Kamala Harris

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Solana Co-Founder Urges Voters To Research Key Issues Ahead of US Election

In a recent tweet, Solana Co-founder Anatoly Yakovenko emphasized the stability of the U.S. political system, noting that both federalism and democracy are functioning as intended. He argued that the close 2024 US election race demonstrates how both political parties have adjusted their messages to achieve broad voter appeal.

 The Solana Co-founder encouraged voters to consider policy over personality and advised against focusing on how others plan to vote.

Yakovenko suggested that voters choose a single important issue and examine each candidate’s position, using original sources. He emphasized that analyzing the candidates’ views without relying on out-of-context sound bites could lead to a more informed voting decision.

More so, the Solana Co-Founder stated, 

“Harris isn’t communist and Trump isn’t a nazi.  US is going to be fine either way.  The fact that it’s 50/50 means that democracy and federalism are functioning as designed.  Each party had to adjust its message to try to get to a stable majority.”

Crypto Sector Prepares for Increased Influence Post-US Election

With the 2024 US election fast approaching, the crypto industry anticipates a bipartisan increase in crypto-friendly lawmakers. In recent years, crypto investors and lobbyists have ramped up their political presence, spending over $160 million during this election cycle. Many new representatives are expected to add to a pro-crypto voting bloc in Congress.

Under the Biden administration, crypto-related businesses have largely faced regulatory challenges, particularly from SEC Chair Gary Gensler. A recent report indicated that U.S. SEC enforcement actions have cost crypto firms $400 million in compliance expenses. 

Hence, a change in administration or a more balanced Congress could pave the way for policies that support the industry’s growth. This potential influx of crypto-friendly lawmakers is critical for advancing the crypto sector.

Additionally, Crypto investors are preparing for potential Bitcoin price swings as election day draws closer. However, Bitcoin price saw a 13% increase in October, partly fueled by speculation around Donald Trump’s potential return to office as a pro-crypto candidate. 

However, Trump’s election odds took a slight dip in betting markets, affecting sentiment among crypto investors. The market saw a pause in the rally for Bitcoin and other altcoins as Trump’s chances of winning fell by 4.5%, according to Polymarket data. This shift indicates a cautious approach among investors amid the possibility of a tighter race.

This development underscores the stakes for crypto investors and highlights the dynamics between political sentiment and the crypto market ahead of the US election.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Wanes To $68K, Altcoins Flux, & DOGE Up 6%

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2 hours ago

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November 5, 2024

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Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action. Simultaneously, the global crypto market cap dipped 0.99% at press time, reaching $2.23 trillion. However, the total market volume witnessed a 12.5% increase in value to $82.04 billion.

Besides, Dogecoin (DOGE) emerged as the day’s top market gainer, defying the broader market sentiment. So, let’s delve deeper into some of the major crypto prices today, November 5.

Crypto Prices Today: BTC, ETH, SOL, & XRP Face Volatility But DOGE Soars

The crypto prices today illustrate that BTC and top altcoins are mainly battling market turbulence. However, coins like DOGE and Monero have defied the broader trend. Simultaneously, it’s worth mentioning that the meme coins sector also witnessed mixed price actions. Here’s a brief report on some of the leading coins by market cap and their price run today.

Bitcoin Price Today

BTC price dropped nearly 2% in the past 24 hours and is now trading at $68,006. The coin’s intraday low and high were recorded as $66,803.65 and $69,335.33, respectively. Bitcoin’s market cap rested at $1.35 trillion today. The flagship crypto’s slumping action falls in line with a remarkable $579.49 million worth of outflows in spot ETFs as of November 4, per Sosovalue data that excluded BlackRock’s IBIT. Further, BTC’s market dominance slipped 0.45% over the past day to reach 60.38%. Meanwhile, Mt. Gox was recorded as moving $2.2 billion worth of BTC amid this slumping movement, hinting at asset reorganization movers for creditor repayment.

Ethereum Price Today

ETH price slipped nearly 2.5% in the past 24 hours and is currently trading at $2,414. Its intraday low and high were recorded as $2,359.58 and $2,483.05, respectively. Ethereum’s market cap rested at $290.71 billion today. Notably, even ETH’s waning run aligns with $74.24 million worth of outflows in spot Ethereum ETFs, excluding BlackRock’s ETHA data. Meanwhile, CoinGape Media reported the State of Michigan purchased more than $11 million worth of ETH through ETFs, garnering attention toward the crypto.

Solana Price Today

SOL price tanked nearly 3% in the past 24 hours and is now trading at $158. The coin’s 24-hour low and high were recorded as $155.17 and $164.71, respectively. SOL’s market cap was evaluated as $74.82 billion today. Further, Solana was reported to have witnessed a remarkable surge in transactional volume and fee generated on the network during October.

XRP Price Today

Simultaneously, XRP price witnessed a 0.5% drop in value over the past day and is now trading at $0.5048. The coin’s 24-hour low and high were recorded as $0.4968 and $0.5138, respectively. XRP’s market stood at $28.70 billion today. Further, a recent CoinGape report revealed that the XRP coin eyes a $10 price target amid declining escrow stakes.

Meme Coins Performance Today

Notably, Dogecoin (DOGE) emerged as the day’s top gainer, surging 6% intraday to reach $0.1616. Also, even Shiba Inu (SHIB) price gained roughly 2% intraday to $0.00001727. However, Pepe coin (PEPE), dogwifhat (WIF), and POPCAT prices tanked 2%-8% in the past 24 hours.

Top Crypto Gainers Prices Today

Dogecoin

As mentioned above, DOGE emerged as the day’s top market gainer with an intraday low and high of $0.1496 and $0.1659, respectively. DOGE price traded at $0.1616.

Monero

XMR price gained nearly 2% over the past day and is currently trading at $160. The coin’s 24-hour low and high were $156.69 and $161.54, respectively.

Mog Coin

MOG price soared roughly 3% in the past 24 hours and is now trading at $0.000001788. Its 24-hour low and peak were $0.00000165 and $0.000001789, respectively.

Top Crypto Loser Prices Today

THORChain

RUNE price cracked 12% over the past day and is currently sitting at $4.40. The coin’s intraday low and high were $4.23 and $5.07, respectively.

Pendle

PENDLE price slipped nearly 9% over the past 24 hours and is trading at $4.12. The coin’s intraday low and high were $4.05 and $4.56, respectively.

Cat in a dogs world

MEW price tanked 6% intraday and is now trading at $0.007879. The coin’s 24-hour low and high were $0.00765 and $0.008443, respectively.

Besides, the hourly time frame charts sparked further optimism over the crypto prices today as BTC gained 0.4% while ETH gained 0.3%.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Why Dogecoin May Benefit Most From A Donald Trump Victory

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5 hours ago

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November 5, 2024

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The Dogecoin price is the biggest gainer among the top cryptos by market cap on the eve of the US election. This says a lot about how the foremost meme coin could benefit most from a potential Donald Trump victory, especially with Elon Musk’s involvement.

Why Dogecoin Could Benefit The Most If Donald Trump Wins

Crypto analysts have provided a bullish outlook for Dogecoin and suggested that the meme coin is in the best position to benefit from Donald Trump’s potential win in the US presidential elections. In an X post, crypto analyst and trader Satoshi Flipper predicted that the top meme coin could rise to $1 if Trump wins.

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He made this prediction while remarking that Elon Musk and the US government (under the Trump administration) will post above about the Department of Government Efficiency (D.O.G.E) non-stop for the next four years. Musk’s proposed D.O.G.E has pumped the DOGE price several times, especially whenever the world’s richest man referred to it, including at a Pennsylvania town hall last month.

D.O.G.E, a term Musk coined, could be his way of indirectly shilling the meme coin in this bull run. The world’s richest man has never hidden his fondness for the meme coin because he likes memes and dogs.

Interestingly, Musk recently posted a meme in which he joked about mainstream media having to cover D.O.G.E. At the same time, he remains silent and doesn’t even have to shill the meme coin since the media will be doing the job for him. Dogecoin co-founder Billy Markus replied to the post, saying that was why he is most excited about a potential Trump victory.

DOGE is The Most “Strategically Positioned” Crypto

In an X post, Crypto analyst Master Kenobi said that he believes Dogecoin is the most strategically positioned crypto asset. He mentioned Elon Musk’s D.O.G.E proposal and alluded to its impact on the meme coin. He remarked that the department could indirectly impact the meme coin, which the analyst claimed would be “super interesting and super funny.”

Master Kenobi further asserted that he is confident that Elon Musk will make other bold moves regarding how he shills Dogecoin in this bull market. The analyst envisages a scenario where Musk puts a DOGE sticker on SpaceX and sends the meme coin literally to the moon.

Meanwhile, crypto analyst Kevin Capital revealed a bullish pattern forming on DOGE’s chart ahead of the US election. The analyst noted that the daily and weekly golden cross is pending for the meme coin right before a potential Trump victory and implementation of the D.O.G.E. department.

In the meantime, these bullish patterns forming for DOGE and the price rally ahead of the US elections show that traders are betting massively on the meme coin being one of, if not the biggest, gainers from a Donald Trump victory.

The latest Polymarket data shows that Trump’s odds of winning have surged just before tomorrow’s elections. The former US president has a 57.7% chance of becoming the next president. Meanwhile, Kamala Harris’ odds are at 42.3%.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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PONKE Price Skyrockets 19% On Binance Support, What’s Next?

Published

17 hours ago

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November 4, 2024

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The Solana meme coin Ponke (PONKE) saw its price soar by 19% following Binance’s announcement of a USDⓈ-Margined PONKEUSDT Perpetual Contract. Set to launch on November 4, 2024, this contract offers users up to 75x leverage, signaling increased opportunities for traders and heightened optimism among PONKE supporters.

PONKE Price Rockets Amid Major Binance Support

According to Binance’s official announcement, the PONKEUSDT perpetual contract will go live on November 4 at 12:30 UTC, providing traders with 75x leverage and 24/7 trading. Key features include a tick size of 0.00001 and a capped funding rate of ±2.00%, with funding fees settled every four hours. Binance’s Multi-Assets Mode further allows users to utilize BTC as collateral, offering flexibility in margin trading. However, the exchange may adjust contract specifications, such as funding fees, leverage, and tick size, based on evolving market conditions, ensuring the asset aligns with market risk levels.

PONKE, built on Solana, benefits from the blockchain’s high-speed and low-cost transactions, catering to online traders and gaming enthusiasts. The coin’s community-driven design, distinct tokenomics, and accessibility through major exchanges contribute to its market appeal. Its #ponkyarmy community is particularly active, with governance roles and a dedicated social media presence that drive further engagement and growth.

Will The Rally Sustain?

Following the Binance listing news, PONKE’s price surged by 19%, currently trading at $0.49, with a 24-hour low of $0.43 and a high of $0.56. Its trading volume climbed to $77 million in the last 24 hours, indicating heightened interest. PONKE, with a market cap of $274 million, continues to capture the attention of meme coin enthusiasts. Besides, recent Coinglass data also highlights increased open interest for PONKE, signaling optimism for further gains.

PONKE Price Skyrockets 19% On Binance Support, What's Next?PONKE Price Skyrockets 19% On Binance Support, What's Next?

Launched in late 2023 with a total supply of 555 million tokens, PONKE has already achieved an all-time high of $0.70 four months ago. Its deflationary burn mechanism and community-driven features have positioned PONKE uniquely within the Solana ecosystem, drawing both meme coin fans and investors seeking growth in Solana-based assets.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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