PolitiFi cryptos stands out as meme coins whose themes relate political movements and personalities. In a rapidly evolving world of meme coins, these tokens serve as another major alternative to animal-themed tokens, intertwining the concept of politics with the world of finance. Simply put, PolitiFi tokens blend elements of politics along with memes and crypto to solidify their position in the market. These tokens thrive only on social media buzz and community engagement as they have no defined utility.
Amid the surge of interest in cryptos, especially meme coins, these tokens started to gain traction. They are usually popular during election cycles, particularly in the global scenes. We traced their inception to the 2020 presidential elections in the United States.
As the momentum around that election dominated the airspace, the first-ever major PolitiFi meme coin ConstitutionDAO (PEOPLE) took shape. This token mirrors a copy of the United States constitution and has a posture that emphasizes the significance of cryptocurrency in mobilizing collection action around political causes.
Meanwhile, with the 2024 U.S. presidential elections on the horizon, more PolitiFi meme coins have emerged, reflecting different political ideologies and postures. In this article, we discuss some of the top PolitiFi tokens and why their future could be hanging on the outcome of the November elections.
MAGA
Inspired by former President of the United States and candidate of the Republican party for the November elections Donald Trump, MAGA has gained massive attention since its launch. It serves as a means of supporting conservative causes, allowing supporters of Trump to show their backing through financial donations and campaigns.
That being said, MAGA became one of the most popular PolitiFi meme coins after Trump softened his stance against cryptocurrencies. Initially, the former president had maintained a negative perspective about crypto. His viewpoint has since changed, making it possible for him to garner the support of top crypto bulls, including Elon Musk.
TREMP
Also inspired by Donald Trump, TREMP is one of the most popular PolitiFi meme coins around. The token satirically references Trump and capitalizes on unfolding political events to draw attention. In fact, amid news of the assasination attempt against Trump, TREMP saw a parabolic price action, underscoring the level of its volatility as a PolitiFi meme coin.
BODEN & KAMA
BODEN, otherwise referred to as the Joe Boden token, makes humorous reference to Joe Biden, the current president of the United States. While not widely recognized as TREMP and MAGA, this token has also gained considerable popularity, reflecting Biden’s tough approach to regulating cryptocurrency in the United States.
However, this token has lost its momentum following news that Biden has bowed out of the presidential race. With current Vice President Kamala Harris entering the race as the nominee of the Democratic party, a meme coin referencing her candidacy (KAMA) has emerged. Built on the Solana blockchain, KAMA has gained traction amid growing optimism that she could be the next POTUS.
Why the future of these PolitiFi meme coins are tied to the November elections
As the 2024 US presidential election draws to a close, the crypto community is getting more interested in what PolitiFi meme coins could offer. According to experts, the outcome of this election remains critical to the future of these meme coins. While these meme coins are not expected to retain the same level of market share after the elections, the emergence of either Harris or Trump could keep the conversation around their tokens alive in the next few years.
For instance, a win for Donald Trump would definitely contribute significantly to the market performance of TREMP and MAGA. In the event that this happens, major crypto analysts believe the broader crypto market will receive a major boost that could trigger the next bull run. If this prediction is anything to go by, tokens tied to Trump could be challenging the top meme coins on the global charts in the coming months.
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