Merkle Tree Capital CIO: Two president-themed meme coins may help Sol reach $400 before the U.S. election

2024-05-13 18:50:37

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ChainCatcher news, according to DL News, Ryan McMillin, the Chief Investment Officer of the crypto fund management company Merkle Tree Capital, stated that meme coins will dive deep into a bull market, and two president-themed meme coins will be actively traded in the coming months, potentially helping Sol reach $400 before the November U.S. elections.

He added, "While memes may be a joke and a short-term speculative tool, they are paving the way for other more sustainable use cases, such as the tokenization of real-world assets. As the U.S. Treasury takes action to strengthen the economy, more liquidity will hit the market, thereby supporting the price of Solana, which means investors will have more funds to trade high-risk assets like cryptocurrencies."

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