Veteran Trader Targets Political Meme Coins TRUMP, USA, BODEN As 'Largest Narrative' Before Dogecoin Does 'Something Crazy' Later

Khyathi Dalal

May 09, 2024

Crypto trader Altcoin Sherpa reveals his current meme strategy, which centers on U.S. politics-related meme coins and considering a robust big cap like Dogecoin (CRYPTO: DOGE) for potential future gains.

What Happened: Sherpa’s meme strategy revolves around concentrating on a single sector, politics, currently holding positions in MAGA (CRYPTO: TRUMP) and USA (CRYPTO: USA), a US-focused meme coin on Solana (CRYPTO: SOL).

Current meme strategy for me:

Concentration in 1 sector: USA politics

I own $TRUMP $USA and I want to buy $BODEN

Should be the largest narrative when the election stuff really gets going later this year. Trump is going to constantly be in the news and doing his normal antics.â€¦ pic.twitter.com/4R0cJvlG81
— Altcoin Sherpa (@AltcoinSherpa) May 9, 2024

He further expresses interest in purchasing Jeo Boden (CRYPTO: BODEN) as he believes this sector will become the largest narrative amid the election season gaining momentum later in the year.

He cites former President Donald Trump engaging in his "normal antics" as a potential driver of interest in these meme coins.

In addition to U.S. politics, Altcoin Sherpa is also keen on investing in a robust big-cap meme coin like Dogecoin. However, he plans to exercise patience before entering a position, suggesting that he expects Dogecoin to "do something crazy later this year."

Also Read: Donald Trump Says ‘You Better Vote’ For Him If You’re Pro-Crypto: But Has He Always Been ‘Fine With It’?

Why It Matters: By focusing on politically themed meme coins and anticipating the increased attention surrounding the upcoming election season, the trader positions himself to capitalize on the heightened interest and potential price action in this niche.

The trader emphasizes the importance of including memes in one’s portfolio and ignoring the defi/L1s/metaverse/gaming/RWA. He adds, "Memes should be high on your list as far as narratives/categories go."

This statement underscores Altcoin Sherpa’s belief in the potential of meme coins to generate significant returns, particularly in comparison to other popular sectors in the crypto space.

While Dogecoin is the original meme coin launched years ago, political meme coins have not completed one year of existence.

Cryptocurrency	Price	Single Day Gains +/-	Market Cap
Dogecoin (CRYPTO: DOGE)	$0.1487	+0.45%	$21.4B
MAGA (CRYPTO: TRUMP)	$6.36	+53.9%	$270.2M
Jeo Boden (CRYPTO: BODEN)	$0.3377	+11.6%	$242.8M
USA (CRYPTO: USA)	$0.0₅5587	+20.3%	$62.1M

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: House Challenges SEC Over Crypto Custody Rules, Biden Vows Blockade

Image: Shutterstock

Recommended

Central Banks Buying Gold in Record Numbers - Ad

Elon's New A.I. Device is About to Shock the World - Ad

Nvidia CEO Says It Will Spark "the Next Revolution" Beyond AI - Ad

A new 2024 election poll shows a close race between Donald Trump and Joe Biden. One candidate gained ground with their party and Independent voters.

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..."

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Ex-DOJ Attorney Says Former Trump Aide's Testimony Sinks Ex-President's Criminal Defense: 'Big Fat Nail In The Coffin'

Trump's hush-money case has turned decidedly against him following Hope Hicks' testimony, says a legal expert.

Top 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

"America's No. 1 Retirement Stock" (Name Inside)

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Palantir, Boeing, Lucid Group, Hims & Hers, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Monday, major U.S. stock indexes experienced gains, with the S&P500 closing nearly 1% higher at 5,180.74

US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday?

Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major large-cap companies.

How to Profit From the New Boom in Gold

How to Profit From the New Boom in Gold - Ad

Gold just passed $2,000/oz and is set for a new bull run in 2024. Now a renowned precious metals expert is sharing his No. 1 way to play it for just $5.

Donald Trump Says He's Not Concerned About His Legal Challenges: 'In A Way, I Don't Care ... Life Is Life'

In a recent private donor event in Florida, former President Donald Trump appeared unfazed by his ongoing legal issues.

Despite Bitcoin Hitting $64K, Analyst Says King Crypto Remains In 'Prime Buy Zone'

Bitcoin (CRYPTO: BTC) has surged to $64,000, but a key metric indicates that it’s still in a “prime buy zone,” according to a prominent crypto analyst.

READ THIS If You Missed Out on the AI Boom

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies.

Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering

SEATTLE (AP) — Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, faces sentencing Tuesday in a Seattle courtroom, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform.

Is This Nvidia's Secret Weapon?

Is This Nvidia's Secret Weapon? - Ad

You've likely heard about Nvidia's incredible success in AI. But without this startup's technology, Nvidia's groundbreaking AI chips simply wouldn't be possible. It's still flying under the radar. That could change very soon with a major announcement on the horizon.

Nvidia, MicroStrategy, Cisco, Chubb, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices surged on Wednesday, with the Dow Jones Industrial Average climbing 0.9% to 39,908, the S&P 500 increasing almost 1.2% to 5,308.15, and the Nasdaq rising 1.4% to 16,742.39. These are the top stocks that gained the attention of retail traders and investors throughout the day:

Hope Hicks Testifies On Trump's Ex-Lawyer Michael Cohen's 'Mr. Fix It' Moniker: 'Only Because He Broke It First'

The criminal trial against Donald Trump saw former Trump aide Hope Hicks take the stand Friday and discuss Michael Cohen and the "Access Hollywood" tape.

Earn Instant Cash Flow (using THIS tactic)

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Fraudsters target small businesses with scams. Here are some to watch out for

NEW YORK (AP) — It's never fun to be scammed, but if you're a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.

Trump's Niece Says Ex-President Has Made It Clear He Wants To Be Authoritarian Upon Returning To Office: 'Once That Happens, He Will Not Be Stopped'

Trump's niece suggests that her uncle has a split personality, emphasizing that people are not paying enough attention to his negative traits.

Could Elon's New Device be Bigger than the iPhone?

Could Elon's New Device be Bigger than the iPhone? - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... This mind-blowing new technology could be bigger than the iPhone. And it could make a lot of people wealthy in the coming months and years.

Rio de Janeiro set for Madonnaâ€™s massive Copacabana beach concert that will be her biggest ever

RIO DE JANEIRO (AP) — Madonna will give a free concrete on Copacabana beach Saturday night, turning its vast stretch of sand into an enormous dance floor. It comes after Rio de Janeiro spent the last few days readying itself for the historic performance by the “Queen of Pop.”

Pro-Bitcoin President Javier Milei's Argentina Introduces 10,000-Peso Notes As It Combats Hyperinflation, Currency Collapse

To address severe inflation and currency devaluation, Argentina under President Javier Milei, known for his pro-Bitcoin (CRYPTO: BTC) stance, has introduced 10,000 peso notes. The new bills, worth approximately $11, are expected to alleviate the burden of carrying large amounts of cash.

PASSIVE INCOME (by this evening)

PASSIVE INCOME (by this evening) - Ad

Hey, I have an unique opportunity for those looking for additional ways to earn income right now. It can be done from home. You can do it in your spare time. And it only takes 6 clicks and as little as $50.

Last Week's Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

15 large-cap stocks had a rough week, with CVS, Starbucks, and DoorDash all taking major hits. Analysts have lowered price targets on many.

Jim Cramer Advises Investors To Stick With Good Companies Despite Short-Term Losses: 'You Just Need To Figure Out Which Companies Deserve Your Confidence'

Cramer, a prominent figure in the finance world, suggested that investors should not emulate the trading habits of large hedge funds. Instead, he recommended a long-term investment strategy, emphasizing the need to anticipate and endure market declines.

Shhh! This Is One Great Coin...

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

I-95 overpass in Connecticut scorched during a fuel truck inferno has been demolished

NORWALK, Conn. (AP) — A bridge damaged in a fiery crash that kept Interstate 95 in Connecticut has been demolished.

Czech power company CEZ reports net profit of $592 million in Q1, up by a quarter year-on-year

PRAGUE (AP) — The Czech power company CEZ said Tuesday its net profit in the first quarter of the year reached 13.6 billion Czech crowns ($592 million), 2.7 billion up compared with the same period of the previous year.

The No. 1 Crypto for 2024

The No. 1 Crypto for 2024 - Ad

It's expected to soar 20X bigger than Bitcoin.

Benzinga Bulls And Bears: Apple, Tesla, AMC, Bitcoin And Shiba Inu's Chart Forms Powerful Technical Patterns

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Stock markets ended the week on a high note following reassuring comments from Federal Reserve Chair Jerome Powell.

Poland is still not ready to adopt the euro, its finance minister says

WARSAW, Poland (AP) — Twenty years after joining the European Union, Poland is still not ready to adopt the euro currency, the finance minister in the pro-European Union government said.

Could Elon Musk's New Device Save Us from A.I. Apocalypse?

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

The SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

SAN FRANCISCO (AP) — The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company.

Biden Administration Unveils $285M Funding For Semiconductor Institute

President Biden's administration initiates a $285 million federal fund to pioneer a digital twin technology institute for semiconductors. This step, in line with the Chips and Science Act, aims to bolster US chip technology, reducing reliance on global supply chains.

America Just Hit a Grim Milestone

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

A US company is fined $650,000 for illegally hiring children to clean meat processing plants

DES MOINES, Iowa (AP) — A Tennessee-based sanitation company has agreed to pay more than half a million dollars after a federal investigation found it illegally hired at least two dozen children to clean dangerous meat processing facilities in Iowa and Virginia.

Three groups are suing New Jersey to block an offshore wind farm

LONG BEACH TOWNSHIP, N.J. (AP) — Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common?

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Elon Musk Fired Supercharger Chief Rebecca Tinucci And Her Entire Team After She Refused To Lay Off More Workers Than Planned: Report

This abrupt exit has caused disruption in a network that was considered a significant Tesla achievement and a key driver of its EV sales.

Trending Now