🔄 Update on the US election

🔥 What will the market look like if Trump or Harris wins

Source: @milesdeutscher

IF TRUMP WINS:

• $DOGE will surge (the D.O.G.E initiative will drive DOGE's price up, and it has shown strength as a leading symbol). When DOGE rises, it will attract attention and pull capital into the entire memecoin market.

• Altcoins will also flourish, and memecoins have already been the strongest performing coins before the election. Even though memecoins had previously declined significantly due to investors hedging risks, if Trump wins, people will rush to reposition, creating a wave of FOMO.

• In reality, memecoins are often high-risk assets but very attractive when speculation drives prices up (this has repeated multiple times this year).

IF KAMALA WINS:

• Concerns about the potential tightening of regulations on utility tokens may lead investors to turn to memecoins as an alternative. At the very least, this will make memecoins outperform sectors like DeFi, which will be at risk of strict oversight.

• The altcoin market in general may be neglected as fear spreads and major tokens show weakness, causing investors to choose memecoins, which have demonstrated strength this year.

• Ironically, many believe that holding memecoins seems less risky compared to many other altcoins (this narrative is gradually being accepted by retail investors).

• As for execution, I don't think preparing a position now is a bad idea, as memecoins have dropped significantly beforehand. However, I am really interested in the scenario of a strong correction during or after the election, at which point I will buy heavily into memecoins.

#tintucbitcoin #MarketDownturn