In the cryptocurrency market right before the US presidential elections, especially Bitcoin (BTC) 
$68,797 And solana Sharp price fluctuations are expected in cryptocurrencies such as (SOL). Founder of 10x Research Markus ThielenDuring this turbulent period, he suggested investors take a long position in BTC and a short position in SOL. Thielen stated that this strategy provides protection against market conditions that may change depending on the election results.
Impact of Election Results on ETF Approvals
Election results according to Thielen cryptocurrencyIt may also affect future regulation processes of Democrat Kamala HarrisIt is thought that if . wins, the possibility of approval of exchange traded funds (ETFs) based on altcoins such as SOL will decrease. In this scenario, it is predicted that there may be a 15 percent decrease in Solana’s value.
On the other hand, a more limited decrease (around 9 percent) is expected in the price of Bitcoin. Thielen, former president Donald TrumpIf ‘ wins the election, Bitcoin Ethereum (ETH) 
$2,438 and predicts an increase of around 5 percent in Solana’s prices.
He added that Trump’s cryptocurrency-friendly policies may have a positive impact on ETF approvals, so market expectations may increase. Especially BTC And ETHThe fact that spot ETFs based on has started to be traded in the USA causes investors to have a stronger interest in these assets.
The Drop in Solana’s Transaction Fees Sends a Danger Signal
Thielen also noted that the reduction in daily transaction fees on the Solana network LEFTHe emphasized that it could put pressure on the price of . Daily transaction fees, which reached 5 million dollars on October 24, have decreased to 2.5 million dollars in recent days. Thielen stated that this downward trend could harm Solana’s value. Historical data shows that falling transaction fees on the network are putting pressure on the price.
Finally, companies such as VanEck, 21Shares and Canary Capital US Securities and Exchange CommissionAlthough Solana-based ETF applications have been made to (SEC), a spot ETF has not been approved for SOL yet.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
