The US presidential election enters the countdown, and alternative coins have become the riskiest transactions in the cryptocurrency world.

Odaily Star News: After underperforming BTC for most of the year, smaller cryptocurrencies such as DOGE and SOL may face the biggest risks after the end of the US presidential election. On Tuesday, BTC pumped up to 4.6% to $70,165, down about 5% from the record high of around $73,800 in March. The largest cryptocurrency by market capitalization has pumped more than 65% this year. On Tuesday, DOGE pumped up to 17%, partly because Elon Musk, a long-term supporter of DOGE, said that if Trump won the election, he would establish the Department of Government Efficiency (D.O.G.E.). “The US election is not that important for BTC,” said Zaheer Ebtikar, founder of cryptocurrency fund Split Capital. “For alternative coins, if Kamala Harris wins, they may not rebound as much. They are the biggest winners or losers of this election.” (Jinse)