As the US election approaches, the global financial markets are plunged into unprecedented tension and anticipation. Behind this politically uncertain competition, there may be a financial storm that could have a profound impact on the global economy. Recently, analysts from Presto, a trade and financial services company, released a widely watched report warning that the US election could lead to a bond market collapse, with bitcoin possibly benefiting from it.

Over the past twenty years, the ratio of US debt to GDP has rapidly risen from 40% to 100%, and it may further increase to 124% to 200% in the next ten to thirty years. Such a massive debt burden undoubtedly casts a shadow over the fiscal health of the USA. The upcoming election may trigger a "Minsky moment" that could lead to a bond market crash.

"Minsky moment" refers to a moment in the credit or economic cycle when over-speculation and debt accumulation ultimately lead to a sharp drop in asset prices. In such a situation, the bond market will realize the severity of the problem and demand higher interest rates to compensate for the risks of deficit financing. Campaign promises from either the Republican candidate Trump or the Democratic candidate Harris could further exacerbate this risk.

In such a grim situation, analysts at Presto point out that using inflation to alleviate problems may be the most direct solution. However, in this context, bitcoin has shown its unique appeal.Its price has soared to a historic high, closely related to market expectations of interest rate cuts by the Federal Reserve.unique allure.

The three major mainstream altcoins are expected to surge 20-50 times.

GALA

Now is a relatively suitable time to layout, especially as Gala Games announces the upcoming TREZ TGE and releases a brand new decentralized white paper, promoting the transition of GalaChain to the BFT consensus. These bullish news not only demonstrate that Gala Games is continuously strengthening the infrastructure of its ecosystem, but also show its firm determination to further promote decentralized development.

With the resurgence of the chain gaming sector, GALA has a great hope of ushering in a new wave of upward momentum.

Combining the current market's bullish news, it is a good time to layout spot. It is recommended to make a reasonable allocation of positions and closely monitor market trends. This announcement will attract more funds and users to flow into the Gala Games ecosystem, which is highly likely to further drive up the price of GALA.

DOGS

Dogs Coin is like a lively and adorable community mascot. It originates from the mascot Spotty created by Telegram founder Pavel Durov, carrying the spirit of fun and socializing. Dogs Coin is not just a currency; it emphasizes the connection of the community and shared experiences, presenting community culture in the form of a meme coin. If you wish to engage in the Telegram community culture, then Dogs Coin is the perfect representation of this spirit.

Pyth Network is a decentralized oracle solution designed to aggregate price data from major market participants (such as exchanges, market makers, and trading companies). Oracles are crucial in the blockchain ecosystem because they bring off-chain data (such as real-world asset prices) onto the blockchain for use by smart contracts.

From a market performance perspective, the PYTH token has a market cap of 1.27 billion USD, currently priced at 0.33 USD. Over the past 7 days, the token has seen a slight increase of 1.39%, suggesting a possible rounding bottom reversal. The PYTH token is expected to rise by over 230% by November, reaching a price of 1.14 USD.

From a market performance perspective, the PYTH token has a market cap of 1.27 billion USD, currently priced at 0.33 USD. Over the past 7 days, the token has seen a slight increase of 1.39%, suggesting a possible rounding bottom reversal. The PYTH token is expected to rise by over 230% by November, reaching a price of 1.14 USD.