{"id":1776,"date":"2024-10-28T21:01:57","date_gmt":"2024-10-28T21:01:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1776"},"modified":"2024-10-28T21:01:57","modified_gmt":"2024-10-28T21:01:57","slug":"memecoins-thrived-under-secs-oppressive-regime-crypto-analyst-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1776","title":{"rendered":"Memecoins Thrived Under SEC\u2019s \u2018Oppressive Regime,\u2019 Crypto Analyst Says"},"content":{"rendered":"
\n

A meme coin analyst said that the increasing attention to memecoins is driven by money supply, contrary to some belief that it is due to politics.<\/p>\n

A reaction to a speculation circulating in social media that if a Republican wins the White House, it will be the end of meme coins.<\/p>\n

Politics Not The Reason<\/strong><\/h2>\n

Murad, a meme coin expert, suggested that politics could not be the primary reason why meme coins are on the rise.<\/p>\n

The analyst explained that the said cryptocurrency does not care about \u201cpolitical winds\u201d or the US Securities and Exchange Commission (SEC), adding, \u201c99% of meme coin buyers couldn\u2019t care less about politics.\u201d<\/p>\n

It is a stance that contradicts Nic Carter, a known Bitcoiner, who opined that hype and frenzy on memecoins<\/a> is the result of an \u201coppressive SEC regime\u201d.<\/p>\n

\n

\u2013 Memecoins = in large part reaction to oppressive SEC regime
\n\u2013 if SEC finds sanity, less desire \/ need to trade memecoins<\/p>\n

QED, trumpwin bearish memecoins https:\/\/t.co\/l3CmArstsh<\/a><\/p>\n

\u2014 nic carter (@nic__carter) October 27, 2024<\/a><\/p>\n<\/blockquote>\n

Money Supply Is The Driver<\/strong><\/h2>\n

Murad argued that in his opinion, the rising global money supply is the main driver of cryptocurrency\u2019s popularity, saying that the flourishing money supply indicates that there is a lot of money floating around, which investors can use to buy memecoins and other high-risk assets.<\/p>\n

\n

99% of Memecoin buyers couldn\u2019t care less about Politics<\/p>\n

There are secular socio-economic forces at play that are much bigger than a single election<\/p>\n

The rise of Memecoins has more do to with the persistently rising Global Money Supply.<\/p>\n

Will that stop under Trump? Nope.\u2026<\/p>\n

\u2014 Murad \"\ud83d\udcb9\"\"\ud83e\uddf2\" (@MustStopMurad) October 27, 2024<\/a><\/p>\n<\/blockquote>\n

According to him, individuals purchase memecoins to \u201ccatch a moonshot\u201d, adding that these people are not too concerned about projects with fee switches or \u201clegit revenues\u201d.<\/p>\n

Murad noted that if cryptocurrencies<\/a> shifted to projects similar to equity trading like dividends, a big portion of the market would be wiped out, saying that investors come to meme coins because of the wild price surge and not to trade equities.<\/p>\n


\nA Republican Would Kill Meme Coins?<\/strong><\/p>\n

Meanwhile, a professor at the Columbia Business School predicted that if Donald Trump<\/a> returned to the White House or, if the Republicans swept the US national elections, it would mark the end of meme coins.<\/p>\n

Omid Malekan believed that meme coins are forms of economic protest, saying that people are turning their attention to meme coins because the policies of the SEC<\/a> are steering them in that direction.<\/p>\n

\n

To further ingratiate myself with Solana fans, here\u2019s an argument of why a Trump win and\/or Republican sweep (which Polymarket has at 50%) is bearish memecoins.<\/p>\n

i) Memecoins themselves are a form of economic populism. They are a statement against the unfair ( and often grifty)\u2026<\/p>\n

\u2014 Omid Malekan \"\ud83e\uddd9\ud83c\udffd\u200d\u2642\ufe0f\" (@malekanoms) October 27, 2024<\/a><\/p>\n<\/blockquote>\n

Malekan argued that meme coins are being used against what he called \u201cshady VC-backed coins\u201d, saying that the crypto is a symbol of \u201ceconomic populism\u201d.<\/p>\n

He added that people are using meme coins to voice out their protest due to regulatory crackdowns, saying that this is a response to the \u201ctoxicity of the Gensler\/Warren regime\u201d.<\/p>\n

Hence, he believed that if Republicans won the election<\/a> would be a turning point that would allow the return of \u201csanity\u201d in tokens, global airdrops, and ICOs, a situation that would lead to the demise of the meme coin mania.<\/p>\n

He accused the SEC as the entity responsible for the entry of meme coins into the market, something Malekan sees would stop once Trump wins the election.<\/p>\n

Featured image from xtsupport.zendesk.com<\/em>, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A meme coin analyst said that the increasing attention to memecoins is driven by money supply, contrary to some belief that it is due to politics. A reaction to a speculation circulating in social media that if a Republican wins the White House, it will be the end of meme coins. Politics Not The Reason […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1776","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1776"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1776\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}