Through the U.S. Election: A Bull Market Outlook How to Leverage AI Trading to Seize New Opportunities? | TrendX Research Institute
As of October 27, the data statistics for BTC, ETH, and TON on the TrendX platform are as follows:
The discussion count for BTC last week was 12.74K, down 12.59% from the week before; the price last Sunday was $68,532, up 2.13% from the Sunday before that.
The discussion count for ETH last week was 3.96K, up 9.21% from the week before; the price last Sunday was $2,520, up 1.69% from the Sunday before that.
The discussion count for TON last week was 906, down 15.43% from the week before; the price last Sunday was $4.99, up 0.83% from the Sunday before that.
With the 2024 U.S. presidential election approaching, investors are increasingly focused on market dynamics, especially the prospects for cryptocurrencies like Bitcoin. Bitcoin's price has broken through $69,000, and market expectations for its continued rise have strengthened. Trump's favorable campaign prospects and the potential policy support he could bring have filled the crypto industry with hope, attracting Wall Street investors. Against this backdrop, more individual investors are starting to leverage AI trading tools to seize investment opportunities.
Trump Leads in U.S. Election Polls; What Are the Related Beneficial Assets?
With only two weeks left until the U.S. election, the scales of victory seem to be tipping in favor of Trump. The probability of Trump's victory on Polymarket has risen to 64.5%, leading Harris by nearly 30 percentage points. Particularly, to rally votes for his campaign, the naturally charismatic Mr. Trump made an appearance at McDonald's, working as a fry cook, which sparked widespread discussion online.
Currently, Trump's advantage is exciting most of his peers in the crypto industry. During the 2024 campaign, Trump's team proposed to strengthen the U.S.'s leadership in global cryptocurrency regulation. This supportive stance has brought significant positive information to the market, and many investors believe that if Trump is re-elected, it could bring more policy support and development space for the cryptocurrency industry.
Recently, Goldman Sachs, JPMorgan, Deutsche Bank, and others have collectively voiced their opinions, and Wall Street's "smart money" is increasingly going "all in" on the "Trump trade." This refers to a series of investment operations based on expectations of Trump's policies, usually including shorting long-term government bonds, going long on cryptocurrencies, and investing in higher-risk stocks, such as small-cap stocks.
Let's summarize the recent beneficial assets related to Trump and their dynamics:
- MEME Series
Trump-themed coins: FIGHT, TRUMP, STRUMP, MAGA, TREMP, DMAGA, FREE
Musk-themed coins: DOGE, TERMINUS
- NFT Series
First series: "Donald Trump Digital Trading Card"
Second series: "Trump Digital Trading Cards Series 2"
Third series: "MugShot Edition"
Fourth series: "America First Collection"
- World Liberty Financial (WLFI)
WLFI is a crypto project initiated by the Trump family, which will build lending services, including a credit account system based on Aave and the Ethereum blockchain, as well as the cryptocurrency WLFI.
On October 15, the project conducted a public sale, with data showing that it raised over $12.5 million, and the Trump family will receive 75% of the project's net profits.
Previously proposed to launch on the Ethereum mainnet using Aave V3, WLFI also plans to allocate 20% of the protocol's interest to the Aave ecosystem reserve.
Scroll co-founder Sandy Peng has become an advisor to WLFI, and the project also plans to expand to Scroll.
StakeStone is a full-chain LST liquidity protocol. On October 15, StakeStone announced a liquidity cooperation with Trump's family crypto project WLFI.
Bitcoin Price Breaks $69,000; Will It Continue to Rise?
Bitcoin's price has recently rebounded, breaking through $69,000, and market expectations for a new bull market are growing stronger. The reasons for this price rebound can be summarized as follows:
Market Confidence Restored: Investors are regaining confidence in Bitcoin as a safe-haven asset.
Increased Institutional Investment: The approval of ETFs has brought a large influx of funds into the market.
Federal Reserve Rate Cuts: Rate cut policies have stimulated investment enthusiasm.
Reduced Supply: Bitcoin's fixed supply and halving mechanism support price increases.
The market generally believes that Bitcoin spot ETFs will become a key factor driving Bitcoin prices and the overall crypto market in 2024. According to Glassnode data, approximately $70 billion in new funds is expected to flow into the market through these newly launched Bitcoin ETFs. Additionally, the market's optimistic expectations for the Federal Reserve potentially lowering the benchmark interest rate may further drive up coin prices. Some analysts predict that by the end of 2024, Bitcoin's price could reach as high as $110,000.
Using AI Trading Tools to More Accurately Seize Investment Opportunities
In the second half of 2024, alongside the uncertainty of the U.S. election and global financial markets, the rapid development of blockchain and artificial intelligence technologies will also create new opportunities for investors. For individual investors, choosing efficient and reliable investment tools is particularly crucial in the face of so many complex factors. With advancements in artificial intelligence technology, AI trading tools are gradually becoming important in the financial market. Here are the key roles AI plays in trading:
Data Analysis: Analyzing market data, predicting trends, and assisting decision-making.
Risk Assessment: Monitoring risks, predicting extreme events, and optimizing risk management.
Investment Advice: Providing personalized investment advice and consulting services.
By comparing AI trading and conventional trading across different dimensions, the immense potential and advantages of AI in the trading field are clearly demonstrated. It covers multiple key aspects such as market analysis speed, decision-making processes, risk management, market response efficiency, learning and adaptability, trading costs, execution time, and profitability, revealing how AI can enhance trading efficiency and profitability while reducing risks and costs through automation and intelligence.
In today's fast-paced financial market, AI-assisted trading is gradually becoming the new favorite of investors and traders, with many projects demonstrating outstanding AI trading performance, such as TrendX.
TrendX is an innovative trading platform that combines artificial intelligence technology, focusing on predicting market trends and executing trades automatically through AI, helping investors optimize returns. Its AI advantages lie in powerful data processing capabilities, intelligent algorithms, and automated trading strategies, allowing users to gain an edge in the rapidly changing market.
AI-Driven Market Trend Prediction: Utilizing big data and machine learning to automatically analyze historical and real-time market data, predict trends, and capture trading opportunities in advance.
Intelligent Automated Trading System: Providing AI automated trading functions, where users set strategies, and the system automatically executes trades based on market changes, improving efficiency and accuracy.
Personalized Investment Advice: Offering customized investment strategies based on users' investment preferences and risk tolerance to optimize investment portfolios and achieve stable returns.
Risk Management and Prediction: Real-time monitoring of market fluctuations and risk factors, issuing timely warnings to help users avoid potential risks.
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Conclusion
2024 will still be full of uncertainties, with global political and economic patterns and technological innovations driving rapid market changes. Looking ahead to the future bull market, as the prices of cryptocurrencies like Bitcoin continue to rise and potential policy support emerges, market confidence will further strengthen. As investors, we need to stay updated with timely information, keep up with cutting-edge developments, and leverage intelligent trading tools to help us find opportunities in a volatile market for better investments and higher returns.
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