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Bitcoin 
$103,985 hovers around the $68,000 mark, recently falling short of reaching $70,000. The latest attempts in the past 24 hours have also failed. Investors shift their focus to the impending election results, raising questions about the future of NEAR Coin. What are Poppe’s latest forecasts regarding NEAR Coin? The final evaluations for the elections provide intriguing insights.
NEAR Coin Commentary
The collapse of FTX severely impacted NEAR Coin, similar to SOL Coin, as it was categorized among “Sam Coins.” These altcoins were backed by SBF and FTX, known collectively as “Sam Coins.” Fortunately, both have shown signs of recovery. While SOL Coin has achieved significantly higher gains, NEAR Coin has exhibited limited growth.
At the time of writing, Poppe shared the following graph and stated:
“This is currently an interesting point. If this continues, I assume the next upward leg is about to begin (in theory: for everything in the markets).
However, if there is a clear buying opportunity below $2.75, I may consider it.”
Cryptocurrencies and Elections
An analyst using the pseudonym Phoenix wrote that BTC would soon reclaim the $70,000 mark. Many share the perspective that, once election pressures subside, markets will recover, even if Kamala is elected. What if Trump wins? This scenario could present the best path for cryptocurrency.
In a recent analysis, TradezSZ noted that BNB Coin could offer good trading opportunities if Trump wins.
“If Trump wins, he will likely allow Binance in the U.S. He is pro-crypto. As the largest exchange, it is expected that when BTC rises, BNB will initiate a significant rally. Its liquidity will also attract major players.”
The analyst’s chart indicates target levels exceeding $2,000. The Kobeissi Letter assessed election data from the cryptocurrency prediction platform Kalshi. It has been noted that prediction markets often reflect biases compared to real-world polls.
“This year’s elections hinge on the swing states, which are neck and neck. Two weeks ago, according to Kalshi, Trump was leading in all swing states. Now Harris has closed the gap and taken the lead in some key areas. However, Trump still has an advantage.
As these odds change, Trump Media shares have fluctuated. In fact, it appears that the stock markets are trading directly based on Kalshi’s predictions.”
However, the data reflects the influence of those making predictions. It makes sense that Democrats engage less on these platforms compared to Republicans. Crypto investors may sabotage the data in favor of Trump, as real-world polls do not show such clear divides, reflecting Trump trailing at approximately 48% to 49%.
From the shifting data in prediction markets, we can draw this conclusion:
“If we assume that Republican participants dominate prediction markets, the shift in favor of Harris is notable. Some crypto investors appearing to support Trump may alter their views to align with reality for profit.”
