Miles Deutscher Predicts Memecoins Will Surge Regardless of the US Election Outcome

As the US presidential election results loom, one analyst is expressing confidence in the continuous surge of memecoins, particularly in the context of the ongoing political landscape.

As the US presidential election results approach, one analyst anticipates a sustained rally in memecoins, particularly within the context of the unfolding political landscape.

In a recent social media post on X (formerly Twitter), Miles Deutscher suggests that dog-themed and cat-themed cryptocurrencies, such as Dogecoin (DOGE) and others, will continue outperforming the broader crypto market, irrespective of whether Donald Trump or Kamala Harris emerges victorious.

Dogecoin Leads Memecoins Resurgence On Election Day

While Bitcoin (BTC), the largest cryptocurrency in the market, trades marginally up, increasing by a modest 2.2% over the past 24 hours, with several failed attempts to break above its all-time high of $73,700 last week.

In stark contrast, Dogecoin, being the leading memecoin by market capitalization, has surged by 12% during the same period, highlighting the sector’s performance relative to the top ten cryptocurrencies.

According to Deutscher, if Trump wins the election, this momentum is likely to amplify. He highlights Trump's proposed Department Of Government Efficiency (DOGE) initiative, which could increase Dogecoin's visibility and liquidity, potentially sparking a broader rally in the memecoin space.

“DOGE as the meme leader will drive attention and liquidity rotation to the broader meme narrative,” he said, suggesting this enthusiasm could lead to a significant influx of speculative investments, often referred to as “fear of missing out” (FOMO).

Increased Crypto Scrutiny Under A Harris Administration?

Moreover, Deutscher predicts that a Trump victory would lead to a rally in altcoins, especially memecoins, which have shown strength leading up to elections.

Another clear example of this is that the largest tokens in the Solana memecoin ecosystem, Dogwifhat (WIF), Bonk Inu (BONK) and Popcat (POPCAT), saw surges of 6.3%, 8% and 6% respectively, on election day, all of which outperformed the top ten cryptocurrencies in the market.

Deutscher also notes that with many cryptocurrencies experiencing drawdowns as investors de-risked ahead of the election, they would likely experience a pronounced bounce if Trump secures the presidency.

On the other hand, if Kamala Harris wins, the analyst anticipates a different dynamic. The possibility of increased regulatory scrutiny on utility tokens could prompt investors to seek refuge in more speculative assets, such as memecoins.

According to Deutscher, under this scenario, the fear of a crackdown, reminiscent of the operation chokepoint initiatives targeting certain crypto assets, may lead investors to gravitate towards nihilistic alternatives like memecoins.

This shift could ultimately increase meme coins dominance, especially if traditional sectors like decentralized finance (DeFi) face heightened scrutiny.

In this case, Deutscher suggests that investors might shy away from the broader altcoin market, favoring assets that have already demonstrated strength throughout the year.

Based on price action trends, the analyst notes that some memecoins are being positioned as less risky than other altcoins, a sentiment that appears to be gaining traction among retail investors.

At the time of writing, Dogecoin trades at $0.1755.

The post Analyst: Memecoins to Surge Post-Election, Trump Win May Boost DOGE appeared first on NewsBTC.

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