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Crypto fear and greed index dive as focus shifts to Vantard

The crypto fear and greed index continued falling, reaching its neutral zone of 56, as most coins retreated. 

Bitcoin moved to $68,000, much lower than this month’s high of $73,500. Similarly, Ethereum token fell to $2,400, while the total market cap of all cryptocurrencies dropped to $2.28 trillion. 

Some of the worst-performing coins were Grass, Solana, Goat, and Sui, which have dropped by almost 10% in the past few months. In most periods, cryptocurrencies drop when the fear and greed index moves to the fear zone.

Trump odds fall

These coins have dropped as investors anticipate for the upcoming US general election, which could determine regulations in the coming years.

Most cryptocurrency investors favor a Donald Trump victory because he is one of them. He owns a crypto portfolio worth over $6 million and has pledged to become a crypto-friendly president. Polls show that the election is close in most swing states, making it more difficult to predict. 

Polymarket, the biggest player in the prediction market, shows that Donald Trump has higher chance of winning the election, with a 55% chance. While this is a big number, it is also lower than last week’s high of 67%, meaning that his odds are falling.

Therefore, the ongoing crypto weakness is a sign that investors are afraid that Harris could win the election. This also explains why the Trump Media & Technology (DJT) stock has plummeted in the past few days. Similarly, Trump-themed coins like MAGA, TRUMP, and DJT have plunged by double-digits.

In addition to the US election, cryptocurrencies will react to the upcoming Federal Reserve interest rate decision, in which officials are expected to cut interest rates by 0.25% after it slashed them by 0.50% in the last meeting. In most periods, cryptocurrencies do well when the Fed is cutting rates.

Read more: Traders turn to this first-of-its-kind Meme Portfolio as markets falter ahead of US elections

Vantard coin offering is doing well

Not all cryptocurrencies are struggling. Vantard, a Vanguard-inspired project is firing on all cylinders as its token sale accelerates. 

The project has already raised over $304,000 from investors, and could become the best-performing ICO of this year.

Vantard is doing well because of its promise to create a meme coin index fund. Historically, while most meme coins don’t have any utility, they have a long record of beating popular coins like Chainlink, Solana, and Binance Coin. 

Some of the most popular meme coins to watch are the likes of Popcat, Dogwifhat, GOAT, and Brett have done well this year. They have soared by more than 1,000% this year, which has brought their total market cap to over $60 billion.

Vantard is inspired by Vanguard, a company that has become an eight-trillion juggernaut, mostly because of its ETFs and mutual funds. For example, the Vanguard S&P 500 index (VOO) has accumulated over $500 billion in assets, a figure that has continued growing in the past few months. 

Vantard’s top tokens will be $VTARD, which will be made of a basket of popular cryptocurrencies. Holders of the tokens will be able to redeem it against the Treasury. 

Therefore, the Vantard token could continue doing well when the Federal Reserve continue cutting interest rates in the coming months. It will also benefit from the stability brought with the end of the election and the Santa Claus Rally. Find more on Vantard here.

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Tether CEO: we’re not launching a blockchain as “neutrality is very important” to us

  • Paolo Ardoino said that it’s not launching a Tether chain at the moment because “neutrality is very important”
  • Tether’s focus right now is partnering with businesses and communities rather than “trying to centralize everything”
  • Tether had another record-breaking quarter, resulting in $7.7 billion in profit over nine months

The CEO of Tether has ended rumors about a Tether Chain, stating that it’s “not planning to build an official blockchain at this time.”

Paolo Ardoino took to X to post his message, adding that “different independent L2 solutions are working to support $USDt for gas fees.”

In a follow-up tweet, Ardoino explained that one of the main reasons that Tether won’t launch a chain anytime soon is because “neutrality is very important.”

According to Ardoino, the company’s interest lies in teaming up with businesses and communities rather than “trying to centralize everything.” When asked if Tether is planning to launch a chain in the medium-long term future, Ardoino responded with “don’t think we will, but still it’s fair to not exclude any possibility.”

Another impressive quarter

At the end of October, Tether published its Attestation Report for Q3 2024. Reporting a “strong performance,” the stablecoin issuer noted that the latest quarter marked another “record-breaking milestone for Tether” resulting in $7.7 billion in profit over nine months.

Additionally, Tether’s stablecoin issuing companies managing reserves now hold more than $105 billion in cash and cash equivalents, with $102.5 billion in direct and indirect exposures to US treasuries. According to Tether, if it was classified as a country, it would be among the top 18, above Germany, Australia, and the UAE.

Speaking on this, Ardoino said:

“Reaching the $120 billion USD₮ milestone and reporting $102.5 billion in U.S. Treasury exposure highlights the company’s unparalleled financial strength. By increasing our reserve buffer to over $6 billion and maintaining a focus on strategic investments, Tether is once again setting the standard for stability in the financial space.”

Turning Tether’s attention to Q4 2024, Ardoino said the outlook is “very positive” with the growth of on-chain wallets per quarter rising to more than 35 million new addresses. For Ardoino, this is significant as the use of Tether is predominantly used in developing countries and emerging markets.

Ardoino claims that while the Western world has talked about boosting financial inclusion in the 21st century, little has been achieved, in what’s called “Financial Inclusion washing.”

With Tether, Ardoino said, they have created a product “that truly serves the underserved, the last mile, the normal people, the ones that don’t have access to the tens of different payment options that richer countries have to offer…”

The post Tether CEO: we’re not launching a blockchain as “neutrality is very important” to us appeared first on CoinJournal.

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Traders turn to this first-of-its-kind Meme Portfolio as markets falter ahead of US elections

  • Bitcoin prices fluctuate in tandem with US election odds for Trump and Harris.
  • A new meme coin index fund called Vantard offers exposure to high-growth meme coins.
  • Vantard’s Meme Portfolio (VMP) will allow investors to benefit from the “memecoin supercycle” with minimal effort.

With markets experiencing turbulence and the US elections shaping up to be a closer race than anticipated, crypto traders are shifting strategies to manage risk and capture returns.

Vantard’s Meme Portfolio (VMP), a unique index fund for Solana’s top meme coins, is increasingly seen as a way to ride out market volatility. Designed to capitalize on the current “memecoin supercycle,” Vantard’s VMP offers traders a chance to invest in high-growth assets without the complexity of daily trading.

Crypto market swings wildly as US elections nears

In the days leading up to the US presidential election, the crypto market has shown unusual sensitivity to election odds, especially with the price of Bitcoin fluctuating in parallel with the betting markets.

Notably, the race between GOP candidate Donald Trump and Democratic candidate Kamala Harris, the latter of whom replaced Biden on the ticket, has recently tightened.

On Polymarket, a popular betting platform, Trump’s chances initially surged to 67%, correlating with Bitcoin’s ascent toward an all-time high near $73,700. This trend seemed to reflect trader optimism around a crypto-friendly outcome, given Trump’s known support for digital assets.

However, as Trump’s odds decreased—dropping to below 53% at one point—the cryptocurrency market responded, with Bitcoin’s price retreating to as low as $67,600.

Although both Trump’s odds and Bitcoin’s price have partially recovered, with Trump holding at 56% and Bitcoin trading around $68,300, the impact of political events on the crypto market remains stark.

Bitcoin’s correlation with election outcomes is striking, with broader market indices such as the CoinDesk 20 Index also showing similar trends. Cardano (ADA) and Avalanche (AVAX) have notably underperformed, each down nearly 6% during the same period.

Analysts have pointed out this emerging trend, with crypto commentator Miles Deutscher noting how “correlated Bitcoin price action is to Trump’s election odds.”

This demonstrates how the current macro environment—where investors respond to a mix of political, economic, and regulatory factors—continues to drive crypto price movements in unprecedented ways.

For traders concerned about volatility, diversifying into assets less directly affected by election-related pressures is becoming a priority.

Investors turn to Vantard to hedge against the faltering market

In light of the ongoing market volatility, a new meme coin dubbed Vantard, the first of its kind Meme Portfolio (VMP), has emerged as a timely option for traders looking to benefit from a sector largely disconnected from the traditional crypto market’s political and economic influences.

Vantard’s VMP is the first-ever meme coin index fund, giving investors access to a curated, periodically rebalanced portfolio of top meme coins on the Solana blockchain.

Unlike other altcoins, which can suffer from complex tokenomics and significant sell pressure, meme coins are driven by attention and often launch with fully circulating supplies, allowing for a more straightforward price discovery process.

Vantard’s approach capitalizes on the so-called “memecoin supercycle,” a phenomenon where meme-based digital assets have outperformed other crypto sectors.

Year-to-date, meme coins like WIF and Popcat have delivered impressive gains, with many traders considering these assets as the “dominant trade” of this cycle.

For Vantard, this presents a unique opportunity to build on the speculative interest that drives the meme coin market while making high-yield investments accessible to the average trader.

As global liquidity rises and traditional financial assets see dwindling returns, capital flows have been favouring speculative investments like meme coins, further supporting Vantard’s position.

Vantard’s model is comparable to the transformative impact ETFs had on traditional stock market investing. By packaging meme coins into a low-touch, index-style investment product, Vantard allows traders to participate in the upside of meme coins with minimal effort, creating a straightforward path to profit from meme-driven market sentiment.

The meme coin index fund’s underlying assets, such as popular tokens like $POPCAT, $AURA, and $GIGA, are selected based on their popularity and growth potential within the current memecoin landscape. Investors also benefit from the fund’s transparency; VTARD token holders can redeem tokens against the Treasury, providing a clear linkage between the token value and the underlying assets.

The timing of Vantard’s offering is especially compelling given the broader economic climate. As traditional altcoins face increased scrutiny due to tokenomics complexities and looming sell pressures, meme coins, with their simplicity and market-driven value, stand out as a low-barrier investment option.

Furthermore, macroeconomic factors—such as rising global liquidity and potential rate cuts—favour the speculative investment behaviour driving the meme coin market. By tapping into these trends, Vantard positions itself as the “mutual meme fund” for the current crypto cycle, letting investors “ride the memecoin supercycle” without being weighed down by the mental overhead of active trading.

Conclusion

In a market defined by volatility and the growing influence of political developments, Vantard’s Meme Portfolio offers a clear alternative for those eager to capitalize on the crypto market’s most explosive sector.

As the election draws near and the potential for market swings persists, Vantard’s index of top meme coins could prove to be an effective hedge, providing exposure to assets that thrive on attention rather than complex economics.

For traders, this first-of-its-kind fund is not just a tool for riding the memecoin wave—it’s a way to maintain potential upside even as traditional crypto markets waver. Interested investors have the opportunity to grab a share of VTARD tokens for $0.00012 in the current presale stage before the presale moves to the next stage where the price is expected to rise to $0.00013.

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