ConstitutionDAO (PEOPLE), MAGA (TRUMP), and MAGA (MAGA) Are the Top 3 PolitiFi Tokens to Invest in September 2024

As the crypto markets continue to evolve, the PolitiFi tokens are making a significant position in the crypto space. These tokens have significantly

As the crypto markets continue to evolve, several tokens have emerged that are closely tied to the political landscape in the United States. These tokens, known as PolitiFi tokens, have seen a significant rise in popularity amidst the current election campaigns.

Among these PolitiFi tokens, those that are particularly noteworthy include ConstitutionDAO (PEOPLE), MAGA (TRUMP), and MAGA (MAGA). These tokens have garnered substantial attention and are analyzed below.

1. ConstitutionDAO (PEOPLE)

PEOPLE, the native token of ConstitutionDAO, holds the top position among PolitiFi tokens in terms of market capitalization. It ranks at 156th with a live market capitalization of $264.39. The token was launched in 2021 with the aim of purchasing an original copy of the United States Constitution. Despite not achieving its goal, the token has managed to maintain its relevance in the crypto space.

PEOPLE price saw a significant surge in the 1st half of 2024. However, the token price headed towards a correction phase in the 2nd half, i.e., after June 2024. Despite all the ups and downs, the PEOPLE token had an impressive 308.77% gain yearly.

A glance at the technical PEOPLE/USDT chart on a daily timeframe reveals that the token has been in a corrective phase since July 2024. The daily chart highlighted the formation of a descending triangle pattern with the price headed toward the support zone.

As observed, PEOPLE price may continue to maintain a sideways trend while it is stuck between the upper and lower boundaries of the pattern. A breakout or breakdown on either side could indicate the next possible trend.

2. MAGA (TRUMP)

MAGA token, which is associated with U.S. presidential candidate Donald Trump, also remains one of the top PolitiFi tokens. A market capitalization of $129.647 Million places it as the 2nd largest PolitiFi token and 271st token in the crypto space.

TRUMP was trading at close to $3.20 at the time of writing, showing a slight positive gain of 0.46% on Intraday. A glance at the daily chart shows a consolidation in the last couple of weeks, with support at $2.4 and the $5.2 level as resistance.

A sustained move above the $5.2 level could indicate a bullish reversal. Moreover, the price might show gains of nearly 40% to reach the next supply at the $7.5 level.

On the other hand, if the selling pressure exceeds and the price breaks on the lower side, it could lead to a bearish continuation towards the psychological $2 level.

3. MAGA (MAGA)

MAGA (MAGA) token, which is inspired by Donald Trump’s campaign slogan, is just a step away from the top list. It ranks third among all the polities tokens with a live market capitalization of 37.37 Million.

Launched in May 2024, it is a relatively new token that presents both opportunities and risks for investors. A price action analysis shows that MAGA saw an immense surge in May, just after the launch.

However, a correction was observed in the last couple of months, which brought the price down by 87% from its all-time high. Despite this, MAGA was nearly 1095.1% higher from its all-time low value.

A recent price analysis suggests that the correction phase might end if the price surpasses the recent supply at the 0.00012 level. Moreover, the token price may shoot up again.

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading