Polymarket data shows that Trump's election probability rises to 62%, Solana and Bitcoin usher in strong positive news
On November 5th, according to data from decentralized prediction market platform Polymarket, the probability of former President Donald Trump winning the 2024 US election has risen to 62%, causing widespread attention in the crypto community. At the same time, a large number of tokens and prediction activities related to Trump have emerged on the Solana (SOL) blockchain, demonstrating the deep intertwining of blockchain and political events.
As a decentralized prediction market, Polymarket reflects market expectations for various events through user bets. Unlike traditional polls, these platforms focus more on changes in capital flows and market sentiment, and have attracted over $3 billion in real money support, becoming an effective reference for analyzing the political situation and more persuasive.
If Trump is successfully elected, he will definitely promote crypto-friendly policies, which will directly benefit Solana and Bitcoin. As an important platform for US DeFi and NFT projects, Solana will attract more innovative projects and capital injection in a loose regulatory environment, and is expected to accelerate user growth and capital accumulation. Recently, many Trump concept coins created by users on the Solana chain have seen significant gains, attracting a lot of attention. In addition, as a US-based blockchain platform, SOL is expected to further boost its influence in the capital market with the application for SOL ETF after Trump's election.
At the same time, with Trump's high probability of being elected, because he has promised to make Bitcoin a strategic reserve of the country, the net inflow of Bitcoin ETF has reached $2.3 billion in the past week, indicating the market's optimism about Trump's election and Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








