Back to top
  • 공유 Share
  • 인쇄 Print
  • 글자크기 Font size
URL copied.

Dogecoin, POPCAT Lead Analyst’s Election Hedge Picks — What’s Behind the Strategy?

작성자 이미지
Sheena Jordan reporter

Wed, 06 Nov 2024, 03:12 am UTC

Dogecoin and POPCAT feature in Neuner’s strategy for election-driven market shifts. Credit: EconoTimes

Ahead of the election, financial analyst Ran Neuner outlines a hedge strategy focused on Dogecoin and POPCAT. Neuner’s approach signals confidence in memecoins’ resilience and potential as smart picks for navigating unpredictable markets.

Dogecoin and POPCAT: A Strategic Play for Market Volatility

Ran Neuner, a businessman, and financial expert, claims that the best option in the current market conditions is to wager on memecoins, particularly Dogecoin and POPCAT. Among the leading cryptocurrencies by market capitalization on the night before the US election, Dogecoin is by far the most successful.

Memecoins, he continues, will skyrocket if Trump is elected president. The market will collapse if Kamala is elected. Nevertheless, he has provided investors with even more reassurance by guaranteeing them that memecoins remain immune to market manipulation.

Focusing on Popular Memecoins Over Risky Alternatives

When it comes to potential deals, he prioritizes purchasing popular memecoins over obscure or shaky ones. Investors are anticipated to benefit from the market's ebb and flow if they can acquire these big currencies at a reasonable price.

Solana memecoin, which Neuner views as the most responsive, was recently supported by Binance — POPCAT. Neuner also suggests a hedging bet utilizing this coin. During times of market volatility, POPCAT is likely to experience the largest movements.

Neuner’s Hedge Strategy: Long POPCAT, Short Dogecoin

To illustrate this technique, Neuner suggests that investors consider going long on POPCAT for $10,000. After that, they may use the same sum to short Dogecoin at the same time. The value of POPCAT and Doge might increase if Trump is elected. Compared to Doge, Neuner thinks it will move more. In contrast, Doge is anticipated to suffer more damage in the event that Kamala emerges victorious. For Dogecoin shorts, this would be great news.

Despite Neuner's expectation that the long position in POPCAT will decline, he thinks the gains from the short position on Dogecoin could be greater. According to Neuner, that was perhaps one of the more astute moves made during this uncertain election season, as everything is relative.

U.S. Debt Crisis: A Growing Concern Amid the Election

Another troubling tendency in the US that Ran Neuner recently brought up was the addiction to debt. As the nation prepares for a pivotal election, Neuner pointed out that the outcome of the vote would have little bearing on this expenditure problem.

The US debt clock, he continued, keeps ticking. This leaves the government with no choice but to print more money. Borrowing money and spending it all at once is bound to have disastrous results. According to Neuner, the United States "is addicted to debt," which makes getting out of this financial mess even more difficult.

Bitcoin as a Hedge Against Currency Devaluation

Neuner proposes Bitcoin as a protection against the depreciation of fiat currencies in light of the impending continuation of money printing. He claimed that Bitcoin remained "the ultimate custodian" of wealth in a traditional financial system that was unstable notwithstanding political events.

He brought up some recent events in the financial sector, such pension funds in the UK investing 3% of their assets in Bitcoin. Alternatively, it would appear that US pension fuds are more concerned with Ethereum. A Michigan pension fund has invested $10 million in Ethereum through exchange-traded funds (ETFs) developed by Grayscale.

The Bigger Picture: Why Bitcoin’s Value Is Beyond Election Outcomes

But "money printing is going to continue," as Neuner noted. The value of Bitcoin might skyrocket in a market where investors like Michael Saylor stand to gain a lot of money if it gains traction among pension funds.

The outcome may not be as important for the cryptocurrency market, according to Neuner, despite the impending elections and their perceived significance.

He proved that Bitcoin's price fluctuations are highly correlated with its halving cycles, according to historical trends. Therefore, these aren't your average election outcomes. Per Coingape, insights from the podcast demonstrated that the months following such halvings typically saw a significant spike in the price of Bitcoin.

Crypto Regulation: Could Political Leadership Bring Change?

In addition, Neuner considered the potential impact of political leadership on cryptocurrency regulation. He hinted that the regulatory environment for cryptocurrency would improve even under Kamala Harris's leadership.

TokenPost | [email protected]

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Most Popular

Comment 0

0/1000

1