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5 must-read articles for the evening | US Election Watching and Trading Guide
1. The long wait: When will the harvest season of AltCoins come?
As the US election approaches its final stage, the BTC fluctuation has become more intense. While the price has hit new highs, the pullback is also more obvious. As a result, Altcoins are generally bleak, and even the Meme coins, which have exploded with wealth effects, have also cooled down. Data shows that 95% of the popular tokens in 2017 have now faded out of the market, such as LTC, XMR, and ETC. In this round, most VC coins have gone straight to the bottomless valley without experiencing a big pump after being listed. So, will the altcoin season that investors have been waiting for come? Click to read.
2. Countdown to the election: How do economic indicators and asset classes reveal the possibility of election results?
The voting day for the US presidential election is scheduled for November 5, Eastern Time. As the largest political and economic event of the year, it has attracted attention from global financial markets. On November 2, Vice President Harris and former President Trump both participated in campaign activities in North Carolina. Their planes parked on the same tarmac, only a few dozen meters apart, highlighting the tense state of the election. The intense competition between Trump and Harris has also caused fluctuations in asset prices. Click to read.
3.Bloomerg: Burning Money Elections - 11,000 Political Groups Spend $14.7 Billion
The American political system runs on money - and a lot of it. With no legal limits on the amount of money that can be raised for presidential and congressional candidates, the Republicans and Democrats fight for a deeply divided electorate, inundating voters with ads, text messages, and mail. Click to read
4. Why is Vampire Attack in the ReStaking track considered the primary cause of the scarcity of Ethereum ecosystem applications
The Social Web was very lively this weekend, and a new round of debates on ETH has begun. I think there are two reasons for this. First, Vitalik's interview with ETHPanda has sparked extensive discussions in the Chinese community. On the other hand, compared to SOL, the continuous decline in the BTC exchange rate against ETH has also caused widespread dissatisfaction. Regarding this issue, I also have some opinions that I would like to share with you. Click to read.
5. Zhongjin: Guide to Watching and Trading the U.S. Election
Trump maintains his lead in swing states. As of November 1st, Trump is still leading in national polls with a support rate of 48.4%, leading Harris by about 0.3 percentage points. In comparison, during the same period of the 2016 and 2020 elections, Trump was respectively trailing behind Hillary and Biden by 7.8 and 1.5 percentage points. Looking at the swing states, Trump maintains his lead, but it has slightly narrowed compared to a week ago, while Harris has overtaken Michigan and Wisconsin. Based on the current polls, if we assume that the electoral votes are allocated according to the current polls in each state, then Trump and Harris will win 287 and 251 votes respectively (270 votes are the threshold for victory). Click to read