HYPE SPECIAL: PRESIDENTIAL ELECTION

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😇

• TIME FOR THE ELECTION??😍

• BITCOIN ETF PREPARES FOR CHANGE?!?!?! 😱

• AND………………stories that will shake your head🙈

CRYPTO STAPLES🥇^{_{*As of 12:40 pm EST on November 5th}}

HYPE INDEX🐐

NEW SCHOOL OF TRADING

side note: LFG SIGMA!!! Reaches over a $100 Million Market Cap! What a ride!

ELECTION DAY🫡

ok, its election day, and idk whats gonna happen. All I wish for is the presidential memecoins to all go up, for the culture. Tracking the coins on the Hype Presidential Memecoin Index (president.meme), it is showing that Trump is down 8.4% all together, and Harris is down 17.5%. Meaning, that Trump is in the lead according to the President Memecoin Index. With decent volume between the two, it will be interesting to see if the memecoin popularity will play a role in the election forecasting. If your undecided on who to vote for, it’s simple, VOTE HYPE 2024.

HOW TO PLAY THE ELECTION RELATED COINS TODAY:

Bullish Trump? Bullish Kamala? Check out some of the coins on president.meme to place your trade. There are also other coins not on the index such as 47 that may be worth keeping an eye out on.

If you think the election will be rigged this is an interesting one to watch out for: $RIGGED

There will likely be random coins that take off as things start to get crazy so grab some popcorn, open up Hype, twitter/your favorite media outlet and have some fun.

Whatever happens today will likely impact memecoins with a short term shock up or down so just keep that in mind and plan accordingly.

Remember to stay responsible out there and only trade as much as you are comfortable losing!

EACH CANDIDATE’S STANCE ON CRYPTO

Donald Trump

1. National Bitcoin Reserve:

   • Announced plans for a national Bitcoin reserve at the Bitcoin $68,868 2024 conference.

   • Proposed creating a government stockpile of Bitcoin, using seized assets from criminal investigations.

2. Regulatory Changes:

   • Intends to remove current SEC Chairman Gary Gensler.

   • Plans to establish a Bitcoin and crypto presidential advisory council.

   • Opposes the creation of a Central Bank Digital Currency (CBDC).

3. Pro-Crypto Rhetoric:

   • Aims to make the US the “crypto capital of the world.”

   • Accepted Bitcoin campaign donations and launched digital NFT trading cards.

   • Promised to end the Democrats’ “anti-crypto crusade.”

4. Family Involvement:

   • His sons, Donald Trump Jr. and Eric Trump, launched World Liberty Financial, a cryptocurrency exchange.

   • Barron Trump “allegedly” launched his own memecoin before getting cold feet

5. Political Influence:

   • Significant financial contributions from the crypto industry, with major donors like Coinbase and Ripple.

   • Crypto corporations have contributed $119 million to the election, with most funds going to the super PAC Fairshake.

Kamala Harris

1. Support for Cryptocurrency:

   • Supports cryptocurrency with a focus on consumer protection - unclear on specifics

   • Plans to develop a regulatory framework to safeguard consumers.

2. Engagement with Crypto Community:

   • Participated in fundraisers and town halls with crypto advocates, such as the Crypto4Harris group.

   • Indicated support for innovative technologies like AI and digital assets.

3. Regulatory Approach:

   • Emphasizes the need for consumer protection and responsible financial innovation.

   • Recognizes the potential of blockchain technology but adopts a more cautious approach compared to Trump.

4. Political Influence:

   • Crypto corporations have contributed significantly to the election, highlighting the importance of clear policies from both candidates.

   • Democratic lawmakers have urged the party to embrace pro-crypto policies.

5. Fundraising and Campaign:

   • Raised significant funds through events, such as a $27 million fundraiser in Manhattan.

   • Has yet to lay out specific policy plans, leaving some in the crypto space hoping for additional details.

FORECASTING MEMECOIN FUTURE 😱

After some research, this is the scenario I came up with:

If Trump secures a victory, memecoins like $DOGE could see a surge in attention, potentially driven by a hypothetical “D.O.G.E. initiative” that might amplify market interest in these assets. With recent declines due to pre-election caution, memecoins may be primed for a comeback as traders shift funds back into them, potentially igniting FOMO. Also, Trump’s World Liberty Financial will become prominent as he is progressing rapidly with that project, creating a decentralized central bank, perchance.

On the other hand, a Harris win might lead investors to view memecoins as a safer alternative amid anticipated regulatory scrutiny on utility tokens. Compared to DeFi and other assets that could face stricter oversight, memecoins could gain appeal as a refuge due to their established popularity with retail investors. So either way, it sounds like a good win for memecoiners in my book

CRYPTO MACRO UPDATE AHEAD OF ELECTION🗣

On Monday, Nov. 4, spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded their second-largest net outflows, totaling $541.1 million. This marks a significant move, second only to May 1’s $563.7 million outflow. Fidelity’s FBTC and ARK 21Shares’ ARKB faced significant outflows of over $300 million combined. Other major funds also experienced notable outflows, contributing to a broader trend in the market.

Amid these bearish movements, BlackRock’s BITB fund stood out, recording a net inflow of $38.4 million—its sixth inflow since its launch in January. With the U.S. presidential election just around the corner, investor caution seems to be driving broader crypto market declines, including a 1% drop in Bitcoin to $68,300 and a 1.6% decrease in Ethereum to just above $2,400. The global crypto market capitalization followed, dropping by 2.5% to $2.38 trillion, losing $33 billion in the past day. The market correction aligns with broader caution, as investors turn risk-averse ahead of election-driven volatility. Cmon y’all, get dirty in the trenches.

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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.