🔥 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

Breaking News: Bitcoin (BTC) has just surpassed the 79,000 USDT mark, reaching 79,081.72 USDT with an increase of 3.57% in the last 24 hours, according to market data from Binance on November 10, 2024, 04:58 AM (UTC).

This is a noteworthy milestone as BTC continues its strong upward trend, indicating strong market interest in this digital asset.

#tintucbitcoin #btc #Write2Win $BTC

🚀 PTKT on 08/11/2024: Solana (SOL) is preparing to break out and could become the new "king" of altcoins

Since October 2023, the price of SOL has increased from 20 USD to 200 USD, achieving a return of 900%, demonstrating its outstanding potential compared to ETH in leading the altcoin market. When Bitcoin broke the ATH mark of 73,800 USD, SOL also began a strong upward wave.

• SOL/USDT: On the D1 timeframe, SOL has accumulated within the range of 120 - 180 USD and is currently breaking out of this phase to continue the upward trend. The price is above the 300-day EMA, reinforcing the solid upward trend.

• SOL/BTC: The SOL/BTC pair also shows positive signs as the price is about to break out of a triangle accumulation pattern that has lasted over half a year. This indicates SOL is performing better than BTC and is ready for a strong increase.

• SOL and ETH: From October 2023 to now, SOL has increased by 900% while ETH has only increased by 87%. The SOL/ETH pair has continuously risen and broken ATHs, indicating SOL is superior to ETH.

The altcoin market capitalization chart (TOTAL2) has confirmed a bullish structure, supporting the assertion that altcoins will continue their upward trend. SOL could lead in this cycle, especially as ETH's performance appears much weaker.

Despite the positive outlook, caution is needed as the USDT market share has decreased and reached support levels on the D1 timeframe, which could lead to short-term corrections. A reasonable accumulation price range for SOL is between 155 - 170 USD on the H4 timeframe, aligning with the upward trend structure.

@TinTucBitcoin #tintucbitcoin #Solana⁩ $SOL BTC300K