Bitcoin has rallied rather sharply in recent weeks to top the $70,000 level.
Still Matthew Sigel – the head of digital assets research at VanEck remains convinced that a sharper rally will materialise once the winner of the US elections 2024 is announced.
“We saw the exact same pattern in 2020 where Bitcoin lagged with low volatility and then once a winner was announced, we had a high-volume rally as new buyers came into this market,” he told CNBC in an interview today.
Sigel expects a Trump presidency to be more positive for the crypto market at large. Up-and-coming crypto projects like Vantard could, therefore, gain under his administration.
Macro developments are favouring Vantard
Cryptocurrencies have done well over the past few weeks as polls have recently started turning in favour of Donald Trump. “This is a very bullish setup for Bitcoin into the election,” as per Matthew Sigel of VanEck.
He is positive on BTC also because it has a significant long-term correlation with money supply growth that has “reaccelerated with the Fed pivot”.
The US dollar has also been losing strength now that the Federal Reserve has started cutting interest rates. A long-term negative correlation with the USD will continue to help the world’s largest cryptocurrency by market cap gain further in the months ahead, Sigel added.
The macro developments bode well for the crypto industry at large and could help the likes of Vantard unlock their explosive growth in the months ahead. Click here if you’d like to know more about Vantard.
Vantard offers easy exposure to top meme coins
Vantard is on a mission to make life easier for those interested in playing the meme coins space.
It has launched the world’s first meme index fund that offers exposure to the Solana based coins with maximum potential, eliminating the need to individually pick such meme coins.
Additionally, Vantard has a native meme coin of its own called $VTARD that is currently in presale. It has raised more than a quarter-million within a matter of weeks, indicating that the idea behind Vantard is sitting well with the investment community.
$VTARD is currently going for $0.00012 with the next price increase scheduled for November 2nd. So, unlike investing in Bitcoin, you don’t need thousands of dollars to build a position in the native Vantard token at writing.
If you would like to explore steps to invest in the $VTARD coin now, visit the project website on this link.
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