Cryptocurrency analyst Miles Deutscher believes that memecoins could be standout performers, regardless of the outcome of the U.S. elections. Deutscher argues that the unique risk-reward ratio in the memecoin space makes it a profitable gamble, especially in the context of political uncertainty. He outlines various scenarios based on potential victories of Donald Trump or Kamala Harris, explaining how each could impact the memecoin market.
Trump's Victory: The Explosive Potential of Memecoins
If Trump wins, Deutscher expects $DOGE to surge, which he sees as the 'meme leader'. He mentions the hypothetical DOGE initiative that could attract more attention and investment into $$DOGE and other memecoins. In this scenario, Trump's victory could spark new excitement in the altcoin market, with memecoins leading the price rally. As memecoins have recently declined due to caution ahead of the elections, Deutscher believes they are poised for a price increase as traders shift funds back into these assets, potentially causing FOMO (Fear of Missing Out).
Kamala's Victory: Memecoin as a Safe Haven 'Void'
If Kamala Harris wins, Deutscher predicts that concerns about tightening regulation on utility tokens could drive investors toward memecoins as safer options. Compared to DeFi and other utility tokens, which may face stringent regulations, memecoins appear more appealing. With their past strength and popularity among retail investors, memecoins could be seen as a better choice in the altcoin space if regulatory fears increase.
Waiting for Change After the Election
Analyst Miles Deutscher recommends considering memecoins right now, as they have faced significant price declines but suggests waiting for potential volatility after the elections for optimal participation. If another market shakeout occurs during or after the elections, he plans to increase his holdings in top memecoins like $DOGE, $POPCAT, $WIF, $PEPE, $SPX, and $GOAT. His approach focuses on leveraging the high-risk, high-reward nature of memecoins, with an emphasis on key assets likely to benefit from renewed interest in the space.