Solana, as the fifth best digital currency in the market, went through a good upward trend last month and was able to show its brilliant performance to other currencies. According to the latest information from Coin Gekko, this digital currency has experienced a 10% growth in the last 7 days and is now trading at the price of $175 in the market.

What is happening in the story of the American elections?
With the unsuccessful assassination attempt against Trump, Solana's currency grew and reached $154, which was the smile of the market for Trump's victory in the 2024 elections.
Both candidates spoke about their plans for the digital currency market.It is necessary to compare the position of each with the other.

In general, if Solana's currency wants to grow rapidly and significantly, we should start with Bitcoin instead of elections
Where is Bitcoin in the plans of Trump and Harris?

Our view is that it doesn't matter who wins for a more balanced cryptocurrency market environment
Because before the election, the bill known as Bitcoin was approved in the state of Pennsylvania, and several other important countries have made decisions in this regard.
So the victory of the one who will have a greater impact on Solana will increase the value of Bitcoin.

If you have noticed that Trump supports digital currencies and wants more Bitcoin mining, then Trump wants to give Bitcoin a higher value.
Harris, on the other hand, is looking for the creation and regulation of rules and transparency and formalization of the digital currency market, so for now he does not have a specific opinion for Bitcoin.

Trump wants to make the United States the owner of a Bitcoin field, or the capital, which can increase the value of Bitcoin, jokingly, seriously, and even sarcastically.

But on the other hand, Harris, as someone who has spread the issue of transparency and law in the minds, is mostly looking for the protection of consumers and investors.  While this issue has been approved in a bill in Pennsylvania, the Bitcoin bill, and other countries such as South Korea have taken measures on this basis.

But this issue has another window, which is called global policies.
What if the candidates are really pragmatic about international policies?

In her latest interviews regarding the situation in the Middle East, Trump claimed that if she was the president, there would not be such wars and tensions in the Middle East, but on the other hand, she talks about bankrupting other countries

Contrary to or perhaps like Trump, Harris intends to increase the conflict in the Middle East in his speech.
Both positions cause fluctuations in the market and create strong resistances.

On the other hand, if Trump intends to continue his previous process on the issue of immigration, it will cause tension between the two countries, the United States and Mexico.
The project became a deep issue in American politics and led to sharp divisions between Republicans and Democrats. Democrats strongly opposed the spending.
The border wall was recognized as a symbol of Trump's anti-immigration policies and caused increased discontent and social protests among human rights groups and social activists.
which has the potential to shake up the market.

But in short, Harris has a different approach and Trump has criticized him several times about this issue Basically, Harris wants to identify and eliminate the causes of migration.

So it can be said that Harris's international policies to raise the value of Bitcoin are somewhat more popular than Trump's. But remember that these are all our conversations and analyzes before each of them won.
Maybe Trump's or Harris's political position will change with each of them winning.

 

Now let's go back to the hot topic these days in the world of digital currencies, namely Solana.

Solana has several projects under development in 2024, which shows that he does not care whether he is with Trump or Harris!!!

Project Orca:an automated market maker that provides liquidity provision services with high efficiency.

Drift:If they ask me,I will say that I remember the car and its dramatic movements.How about you?
A trading platform for transactions on the Solana blockchain.

Magic eden:One of the biggest markets that NFTs come from, the other good thing is that it allows users to trade or exchange and sell.

These examples show the sustainable development process for Solana.

 

In the past weeks, Solana has been able to attract the attention of many investors and show positive performance in its charts. Focusing on high speed and low transaction costs, this digital currency is known as one of the serious competitors of Ethereum.

I hope you enjoyed reading the article.

This article is compiled and prepared only for www.publish0x.com, any use and copying will lead to a complaint from the SunlineX1 team.

The sun comes from the East....

research resources:

Washington Post

Euronews News