The US presidential election saw Donald Trump win, causing the dollar to rise to a four-month high. Trump has made 11 commitments to Bitcoin and cryptocurrencies, including firing the SEC chairman and establishing a “National Bitcoin Reserve.” Bitcoin’s value could rise to $80,000 to $90,000 as a result.
Polymarket, a platform for real-time election odds and updates, has been praised for its reliability and reach, with some users noting its potential to replace traditional media as the primary news source. Dogecoin has surged in price and is now the seventh-largest cryptocurrency by market capitalization.
Meanwhile, Polygon’s PoS network has performed strongly, particularly in handling high transaction volumes from Polymarket without downtime during the US election.
