Bitcoin‘s volatility is set to escalate with the impending announcement of election results, particularly concerning the contest between Harris and Trump. A win for Trump could positively impact the cryptocurrency market, while a Harris victory may bring about economic uncertainty reminiscent of the previous Biden administration. As such, questions arise about the potential trends of Shiba and PEPE Coin in this context.
What is Happening with Shiba Coin?
Currently, Shiba Coin is struggling to break through the $0.0000188 resistance level, with the bulls failing to recover the critical $0.0000208 mark. This indicates a hesitance among investors, especially as Bitcoin trades around $68,400 after dipping from $69,000.
Will PEPE Coin Experience a Surge?
Experts indicate that PEPE Coin is likely to gain traction this bull season due to its vibrant community and relevant trading volume. Its price has seen a steady rise from $0.00000182 since February, maintaining a significant support level at $0.00000626, even as other altcoins falter.
Key insights from current market conditions include:
- Bitcoin’s volatility is influenced by election results.
- Shiba Coin remains below critical resistance points, indicating investor caution.
- PEPE Coin is positioned favorably for potential gains due to strong community backing.
The coming week is expected to bring significant opportunities for cryptocurrencies to make gains, particularly following key political and economic announcements, with PEPE Coin poised to achieve new heights in its price trajectory.