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ARE MEMECOINS BETTER AT PREDICTING ELECTIONS THAN MSM?
Trump's Impact & Plan on Crypto +Bitcoin hits ATH + Giga & Sigma ATH + Recapping Election Memecoins
Presented by Hype
Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.
Disclaimer: Take none of this as financial advice & do your own research
Aaand here we go:
Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:
TOP Memecoin Performances😇
GIGA AND SIGMA ATH??😍
TRUMP IMMEDIATE EFFECT ON CRYPTO?!?!?! 😱
AND………………stories that will shake your head🙈
CRYPTO STAPLES🥇*As of 1:45 pm EST on November 6th
Coin | Price | Market Cap | %Change(24hr) |
---|---|---|---|
$BTC | $75,099 | $1.5 Trillion | +7.1% |
$ETH | $2,677 | $322 Billion | +9.1% |
$SOL | $187.02 | $88 Billion | +11.9% |
HYPE INDEX🐐
$2.35 | $2.4 Billion | +10.8% | |
$0.00002214 | $1.5 Billion | +14.3% | |
$1.56 | $1.5 Billion | +17.6% | |
$0.000002147 | $838 Million | +11.3% | |
$0.07355 | $706 Million | +9.1% | |
$0.4268 | $237 Million | -1.6% | |
$0.2033 | $203 Million | +18.8% | |
$0.03024 | $29.7 Million | +26.3% |
NEW SCHOOL OF TRADING
$0.1455 | $130 Million | +20.7% | |
$0.09186 | $91 Million | +30% | |
$0.6004 | $44.9 Million | +10.1% | |
$0.02781 | $26.7 Million | +39.7% | |
$0.005857 | $5.8 Million | +14.6% | |
$0.001814 | $1.8 Million | +98.5% | |
$0.00138 | $1.3 Million | +99.3% |
BITCOIN HITS ATH!!!!!
$BTC | $75,099 | $1.5 Trillion | +7.1% |
Bitcoin surged to a new high Wednesday, surpassing $75,000 as investors anticipated favorable crypto policies from a Trump presidency. Major cryptocurrencies like ether and dogecoin also rallied, while crypto-related stocks such as Coinbase, Robinhood, and MicroStrategy jumped on optimism for a more supportive regulatory environment. Trump, a recent crypto advocate, has pledged to position the U.S. as a “crypto capital” and even floated the idea of a national Bitcoin reserve. Industry leaders welcomed the prospect of clearer, lighter regulations, though some experts urged caution, highlighting crypto’s notorious volatility. In terms of Solana, it has followed the market trends, back up to $187 after an 11% gain today.
We have a #Bitcoin President.
— Michael Saylor⚡️ (@saylor)
11:37 AM • Nov 6, 2024
FUTURE OF CRYPTO UNDER TRUMP 😱
With Donald Trump’s vow to make America the “crypto capital,” his election win has fueled a surge in the crypto sector, Silicon Valley, and pro-Trump investors. Stocks rose sharply Wednesday, driven by bets on assets that could benefit from his deregulation promises. Trump’s own wealth swelled, with shares in his media venture soaring over 30%, adding an estimated $300 million to his fortune. The crypto industry also celebrated, having invested over $200 million to elect pro-crypto candidates across Congress. Backed by record-breaking contributions, including $130 million from crypto companies alone, the sector is now optimistic about a friendlier regulatory environment under Trump. Politicians are even saying a potential Bitcoin reserve will be implemented.
Here is the “Crypto Plan” that should be taken into effect:
Fire SEC chairman Gary Gensler on Day 1
Appoint a new SEC chair who champions innovation over restriction
Establish a Bitcoin/Crypto advisory council to create clear, industry-friendly guidelines
Develop a safe, responsible framework for stablecoin expansion
Secure the future of crypto in the U.S.
Protect the right to self-custody
Keep Elizabeth Warren (Pocahontas) away from your Bitcoin
Prevent the creation of a central bank digital currency
JUST IN: 🇺🇸 US Senator Cynthia Lummis says "we are going to build a strategic Bitcoin reserve."
— Watcher.Guru (@WatcherGuru)
5:33 PM • Nov 6, 2024
ELECTION COINS🗣
The real story here? Memecoins seemed to predict the election outcome better than mainstream media. Our HYPE Presidential Memecoin Index tracked a surge in Trump coins, which rose 38.9% leading up to his win, while Harris’s coin basket plummeted 91% within 24 hours. This shift captured voter sentiment and attention as it changed through election night, giving traders valuable insights. One standout was $DOGE (Department of Government Efficiency), which surged 64% to a $3.6 million market cap on SOL and 30% to a $70 million market cap on ETH. Although most coins crashed post-election, this index offered a unique approach to forecasting momentum and sentiment, hinting at Trump’s victory before it was called. For more details, check out our graphics on Twitter and LinkedIn!
Check president.meme for all the data!
On the left, we have CNN and MSNBC still trying to figure out who won
— ravi (@ravibakhai)
5:41 AM • Nov 6, 2024
NON ELECTION COINS
Some coins that snuck up the charts are one of the biggest in $GIGA and $SIGMA. Both of these coins hit ATH, with $GIGA suprassing $700 Million market cap, and $SIGMA hitting a $125 Million market cap. And the Kobe of the Lebron and Jordan debate in $ALPHA, hit a $7 Million market cap, up from $3 Million.
NEW: SOLANA MEMECOIN $GIGA (@GIGACHAD_meme) BREAKS $700M MARKET CAP
— DEGEN NEWS (@DegenerateNews)
2:50 AM • Nov 6, 2024
MEME OF THE DAY
okay, lots of memes today but its a good excuse
something everyone can get behind (Gary Gensler btw)
HOW THE FUCK DO I REFRESH
— nopeify (@nopeify)
2:54 AM • Nov 6, 2024
i wonder how this guy feeling tonight
— kira 👾 (@kirawontmiss)
4:53 PM • Nov 5, 2024
“who u voted for?”
— tune 🪐 (@slimeyness)
7:34 PM • Nov 5, 2024
Last time Trump was in office the Lakers won the championship
— ²³𝙻𝚎𝙱𝚛𝚘𝚗𝚌𝚑𝚒𝚝𝚒𝚜🏀☄️🌎💞 (@BronGotGame)
5:42 AM • Nov 6, 2024
Either way, my biggest fear will still be speaking to women
— Zachary (@osuzack)
4:38 AM • Nov 6, 2024
HOT NEW COINS (24 Hr)📈
$BULL | $0.0006179 | $618 Thousand | +776% |
$SLM | $0.0002904 | $290 Thousand | +220% |
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That’s all for today’s edition, see you degens tomorrow!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.