- Ran Neuner predicts a significant week ahead with several important events in the United States.
- He also suggests buying options on dips post-ETF launch, seeing potential in ETH’s value by year-end.
- Neuner also notes strong potential in SOL-based memecoins and other crypto movements.
Ran Neuner, host of YouTube show Crypto Banter says we may be in for a massive week. There are the freshly approved Spot Ethereum exchange-traded funds (ETFs), the Joe Biden election drop-out and Vice President Kamala Harris likely taking his spot as well as Donald Trump’s anticipated speech at the Bitcoin conference in Tennessee.
Related: 10x Research Predicts Gary Gensler Likely to Resign in 2025 After Biden Exit
Trump To Make BTC Strategic US Asset?
Rumour has it that at the event, Trump may announce plans to add Bitcoin as a strategic US reserve asset. To be fair, this is absolutely unconfirmed and seems to be a case of the crypto echo chamber – with people retweeting rumours which get picked up by (crypto) media and retweeted. We’ll surely see what’s what once Trump gives his speech.
And, there are also rumours, again just rumours, that Elon Musk may put in an appearance at the conference.
All these major catalysts make Neuner mega bullish, which is why he believes this is leading into the crypto super cycle.
Additionally, Ethereum memes such as PEPE/MOG might take off with the Ether fund launch. And, Neuner and an account he shares think Solana is showing strong potential, especially SOL-based memecoins could take off once again.
Neuner’s Bonus Tip: Scoop Up “Cheap” ETH Post ETF Launch
While the Banter host believes in ETH long-term, he thinks the new funds will struggle, at least initially. Which is why he recommends his very own strategy which involves a tactical approach to options trading on platforms such as Deribit.
Related: ‘OKX Racer’ Telegram Game: Players Guess Bitcoin’s Price Every Five Seconds for Rewards and Surprises
He recommends opening an account on Deribit and buying options, particularly if the price of Ethereum dips after the ETF starts trading. His strategy is to buy options at a lower price during the dip, anticipating that their value will increase in the long run, particularly towards the end of the year, post-election, and once the ETFs initial fluctuations settle.
Totally very simply, if there is a dip tomorrow or the next day when the ETFs start trading – what I’m going to do is I’m going to immediately go and buy ETH options […] If the price comes down and I can buy an option to buy ETH at $3,200 or $3,300 at a lower price at the end of the year when all this ETF stuff is behind us and after the elections, I’m definitely going to do it
Ran Neuner None of this is financial advice of course, and if you need a few tips and tricks to navigate these choppy markets, this guide with 6 Essential Tips for Crypto Investors During Uncertain Times might be of use to you.
Source:
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