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Polymarket data shows that Trump's election probability rises to 62%, Solana and Bitcoin usher in strong positive news

Polymarket data shows that Trump's election probability rises to 62%, Solana and Bitcoin usher in strong positive news

CointimeCointime2024/11/05 12:11
By:Cointime

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.

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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.

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