Dogecoin

Kaspa

Read

<p>A lot of crypto traders expected <a href="https://captainaltcoin.com/election-uncertainty-freezes-bitcoin-whales-could-a-big-move-be-near-for-btc-price/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin to lead the US election rally</a>, but that’s not the case ahead of one of the most important political events this year.</p>
<p>The BTC price has stayed mostly flat in the last few days and actually lost around 3% of value in the last 7 days. Meanwhile, on election day, the DOGE price pumped over 10%, making it one of the best-performing top altcoins globally.</p>
<h2 class="wp-block-heading" id="why-meme-coins-could-outperform-in-both-election-scenarios">Why Meme Coins Could Outperform in Both Election Scenarios</h2>
<p>Crypto analyst Miles Deutscher <a href="https://x.com/milesdeutscher/status/1853669281667625309" target="_blank" rel="noopener noreferrer nofollow">shared his insights</a> with his 555k followers on X, explaining why meme coins might be the sector to watch regardless of the election outcome.</p>
<p>According to Deutscher, if Trump emerges victorious, <a href="https://captainaltcoin.com/dogecoin-doge-could-spike-to-1-if-trump-wins-the-election-heres-why/" target="_blank" rel="noopener noreferrer nofollow">DOGE could see significant momentum</a>, particularly due to the D.O.G.E initiative. As the leading meme coin, Dogecoin’s potential rally could trigger broader attention and liquidity rotation into the entire meme sector. He likens this effect to “a spark that lights the fire.”</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="381" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-1024x381.png" alt="" class="wp-image-577956" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-1024x381.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-300x112.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-766x285.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-1536x572.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-2048x762.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-403x150.png 403w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-100x37.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-940x350.png 940w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125-788x293.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-125.png 1545w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em><strong>Source: <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap/dogecoin</a></strong></em>
 </figcaption>
</figure>
<p>The analyst points out that meme coins were among the strongest performers before the election, despite experiencing recent drawdowns due to pre-election de-risking. This positioning could lead to stronger rebounds as investors scramble to reposition their portfolios in case of a Trump victory.</p>
<h2 class="wp-block-heading" id="alternative-scenario-and-market-dynamics">Alternative Scenario and Market Dynamics</h2>
<p>In the event of a Kamala Harris presidency, Deutscher suggests investors might actually gravitate toward meme coins as a response to potential regulatory concerns around utility tokens. The fear of another Operation Chokepoint crackdown could push investors away from sectors like DeFi and toward more speculative alternatives.</p>
<p>Interestingly, based on price action, meme coins have demonstrated themselves to be relatively stable holds compared to many other altcoins throughout the year. This perception has gained traction among retail investors, potentially setting up meme coins as a hedge against regulatory uncertainty.</p>
<p>Deutscher notes that while pre-positioning now could be viable given recent market drawdowns, the real opportunity might come during or after any election-related market volatility.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/analyst-sees-potential-for-50-decline-in-kaspa-kas-as-price-nears-critical-support/" target="_blank" rel="noopener noreferrer nofollow">Analyst Sees Potential for 50% Decline in Kaspa (KAS) as Price Nears Critical Support</a></strong></em></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/not-bitcoin-but-dogecoin-doge-price-is-pumping-ahead-of-the-us-elections-heres-why/" rel="noopener noreferrer nofollow">Not Bitcoin, but Dogecoin (DOGE) Price is Pumping Ahead of the US Elections – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Not Bitcoin, but Dogecoin (DOGE) Price is Pumping Ahead of the US Elections – Here’s Why

Table of Contents

CaptainAltcoin

Other articles published on Nov 5, 2024

Global Dollar (USDG) Stablecoin Launched by Industry Giants

Vitalik Buterin Calls Michael Saylor's Bitcoin Custody Remarks “Batsh*t Insane”

Best Tap-to-Earn Games to Play For Fun and Rewards

Michael Saylor's Legacy: Donating His Bitcoin Wealth to Humanity, Inspired by Satoshi Nakamoto

Singapore MAS Announces Plans to Boost Asset Tokenization in Finance

Experts Now Share Their Surprising Price Targets For SHIB

Join our free newsletter for daily crypto updates!