The US presidential election, scheduled to take place in less than three weeks, is expected to have a profound effect on the crypto industry. As Uniswap’s proposed fee mechanism has been postponed, Ki Young Ju, CEO of CryptoQuant, predicts that a Trump win could lead to the activation of the proposal, boosting the UNI’s value. Other analysts have observed patterns in the market that could point to an altcoin boom ahead. Bitcoin’s dominance continues to decline, potentially indicating that other cryptocurrencies are gaining more market share. The likelihood of Trump winning the election currently stands at 54%, and it is noted that the best growth of Bitcoin occurred during Trump’s presidency.
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