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Cryptocurrency News Articles
Are Election Meme Coins Promising Investments?
Oct 03, 2024 at 03:07 am
The US Presidential Election is a little over a month away and PolitiFi meme coins are skyrocketing. For instance, Jeo Boden (BODEN) is up by nearly 30% today
Investors are eyeing PolitiFi tokens with renewed interest as the US Presidential Election draws near.
In particular, election meme coins are displaying outsized returns. For instance, BODEN was the top gainer on Kraken on Tuesday with a green 67% daily candle. Meanwhile, the TRUMP coin is up by nearly 50% over the past week.
Considering that these PolitiFi coins are trading significantly below their all-time highs, they could be attractive investments in light of the November elections.
However, smart money investors appear to be preferring utility-driven meme coins like STARS and MEMEBET. These projects are seeing robust presale funding behind heavy whale buys, with experts backing them as some of the best altcoins to buy now.
Are Election Meme Coins Promising Investments?
The US Presidential Election is a little over a month away, and PolitiFi meme coins are skyrocketing.
For instance, Jeo Boden (BODEN) is up by nearly 30% today, on Wednesday, bringing its weekly gains to nearly 170%.
Similarly, MAGA (TRUMP) is up by 50% over the past week, with its market capitalization back above the $130 million mark.
The TRUMP coin is still trading over 80% below its all-time high, making it substantially undervalued. Experts signal that it could see explosive growth in altcoin season if Donald Trump wins the presidency in November.
Similarly, new Trump coins - MAGA Hat, Fight To MAGA and Doland Tremp – are also pumping over the past week. In particular, the MAGA Hat and Fight To MAGA prices are up by 40% and 140% in the past 7 days.
However, election meme coins are highly volatile, especially since the race to the White House remains a toss-up. Most polls continue to give a small edge to Vice President Kamala
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