Analysts predict potential altcoin rally as US election nears

With the US presidential election approaching, analysts are predicting a potential altcoin rally. 

They believe regulatory shifts post-election could provide favorable conditions for altcoins. 

Ki Young Ju, CEO of CryptoQuant, pointed out that regulatory barriers have held back some altcoins like Uniswap (CRYPTO:UNI). 

He suggested that the activation of Uniswap's fee switch could significantly raise UNI’s price, stating, “If Uniswap’s fee switch had been activated, its treasury could hold $314 million, driving prices up by 10x-100x.” 

Ju further mentioned that if Donald Trump wins the election, regulations may change to favor altcoins, opening new opportunities for growth. 

Other experts are drawing comparisons between this election and previous cycles. 

CRG’s analysis highlights similarities between the current market phase and the 2020 Bitcoin cycle. 

In both cases, Bitcoin’s (CRYPTO:BTC) price surged significantly in the weeks leading up to the election. 

CRG noted that “Bitcoin is four weeks away from price discovery,” and predicts an altcoin rally soon after. 

Michaël van de Poppe, another analyst, also anticipates a strong breakout for altcoins, citing the altcoin market capitalization's upward momentum. 

He predicts the rally could happen within the next two weeks, saying, “The altcoin market looks ready for a breakout.” 

As the election draws closer, these predictions hinge on political outcomes and regulatory shifts, with analysts closely watching for a potential altcoin surge following the vote on November 5.