Analyst Says Short Dogecoin And Long POPCAT Are The Safest Bets, Here’s Why
Dogecoin remains a significant player in this ever-changing crypto space, especially when the market awaits elections – however, new memecoins such as POPCAT emerged as well. Entrepreneur and financial analyst Ran Neuner did note that while Dogecoin accumulated serious gains, it is supposedly set up for a significant quantity of volatility in case a loss about the election is seen.
He spotted a possible win by Kamala, which could easily see Dogecoin take a severe drop. He also added that it becomes very critical as far as investors looking to hedge bets go. This might be precious advice for those looking to navigate the wild market. It is important to stress how well memecoins are taking off and Neuner’s insight into Doge’s performance amidst political dynamics.
Dogecoin and POPCAT as a Strategic Investment
According to Neuner, a bet on memecoins, especially Dogecoin and POPCAT is the safest bet currently in prevailing markets. Dogecoin is, after all, the biggest gainer among the top cryptos by market cap on the eve of the US election.
He adds that in the event of Trump winning, memecoins will go through the roof. The market will burn down in Kamala’s win. He has, however, further comforted investors by reassuring them that memecoins are still resistant to direct influences by the market.
Among the trades worth considering, he focuses on buying major memecoins, not the unknown or unreliable ones. If investors can cheaply buy these major coins, they are expected to do well as the market cycles through phases.
Additionally, Neuner proposes a hedge bet using Solana memecoin recently supported by Binance – POPCAT, which he considers the most responsive. POPCAT will probably make the most significant swings up and down in volatile market conditions.
To put this strategy into example form, Neuner says investors can go $10,000 long on POPCAT. The, they could simultaneously short Dogecoin with the same amount of money. If Trump wins, POPCAT and Doge will likely rise in value. Neuner expects it to move more than Doge. Contrarily, if Kamala wins, Doge is expected to take a heavier beating. This would be favorable for the short position of Dogecoin.
Although the long position in POPCAT will most likely drop, Neuner believes that the gains could outweigh losses from the short on Dogecoin. That has been a good election hedge-all things being relative, Neuner says, probably one of the most brilliant things to do during this period of uncertainty.
The Unstoppable Debt Clock
Ran Neuner recently shared another disturbing trend in the United States – addiction to debt. With the country heading towards one of the most significant elections, Neuner noted that this addiction to spending would have no impact resulting from the election.
He added that the US debt clock keeps ticking. This means the only option left for the government is to print more money. This can only lead to a vicious circle of borrow-and-spend activities that may have vulnerable consequences. Neuner argues that the US “is addicted to debt,” thus making it difficult to escape from such a financial quagmire.
He indicated that irrespective of the result of this upcoming election, whoever wins, the principal problems in terms of deb would still be there.
With the continued money printing in prospect, Neuner suggests Bitcoin as a hedge against the devaluation of fiat currencies. He said that despite political events, Bitcoin became “the ultimate custodian” of value in a classic financial system that failed to provide stability.
He pointed to recent activity in the financial space, such as British pension funds allocating 3% of their portfolios to Bitcoin. On the other hand, it seems US pension fuds are more about the Ethereum. Just recently, Michigan Pension fund has bought $10 million worth of Ethereum through Grayscale’s ETFs.
Still, as Neuner pointed out, “money printing is going to continue.” If it does capture on across pension funds, Bitcoin’s value could increase significantly in an environment where investors like Michael Saylor could see their fortunes go up.
Impact of Election on Crypto Market
Despite looming elections and perceived importance, Neuner argued that the outcome may not be as crucial for the cryptocurrency market. He showed that historical patterns tend to indicate that the price movements of Bitcoin are closely related to its halving cycles. So, they aren’t just the results from any election. The podcast shared insights to show how the price of Bitcoin usually surges high in the months that trail such halvings.
He elaborated, “It does not matter who wins,” emphasizing how the nature of Bitcoin’s market dynamics is often more influential than the politics. Neuner also looked at how political leadership could affect cryptocurrency regulations. He suggested that even with Kamala Harris at the helm, the regulatory climate for crypto might not be as inclement as it has been in the past years.
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