The post Analysts Predict Post-Election Altcoin Surge as Regulatory Barriers May Ease appeared on BitcoinEthereumNews.com.

Analysts predict a potential altcoin surge within the next two weeks, especially with the U.S. election approaching. Regulatory changes, particularly for Uniswap (UNI), could boost altcoin prices if legal barriers are eased after the election. As the U.S. presidential election nears, the altcoin market shows signs of a potential surge. Some analysts, such as Michaël van de Poppe and Ki Young Ju, are expecting altcoins to explode, with van de Poppe expecting a surge in prices in the next two weeks. The market capitalization of altcoins, not including Bitcoin and Ethereum, could soon experience a sharp increase. With only 22 days remaining before the U.S. presidential election, speculation over how the results could impact altcoins is growing.  Ki Young Ju, the CEO of CryptoQuant, said that some altcoins, including Uniswap (UNI), have not yet been able to achieve their full value owing to current legal constraints. Uniswap, a decentralized exchange, has postponed the proposal that triggers a fee switch, which would allow the distribute of protocol fees to UNI token holders. This can be attributed to the fact that the proposal could bring some legal risks to Uniswap, especially from the SEC, which sent Well Notes to the platform in April 2024. According to Ki Young Ju, if the regulatory barriers are removed, and the fee switch mechanism is initiated, Uniswap’s treasury could considerably increase, which would positively influence the price of UNI. The analyst believes that if Uniswap had an opportunity to get $314 million through the fee switch, and some of this money was spent on buybacks, the price of a single UNI could have increased up to 100 times. However, such potential has not been realized because there are legal ambiguities concerning the project. Historical Trends Support a Bull Run Analysts are comparing the current Bitcoin market…

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Filed under: News - @ October 16, 2024 2:20 am