Meme Coins Surge as Trump Promises Crypto-Friendly Policies

Meme coins have emerged as top market performers following Donald Trump's recent victory in the 2024 U.S. Presidential Election.

Donald Trump’s recent victory in the 2024 U.S. Presidential Election has not only helped Bitcoin rally toward its new ATH but has also fired up interest in meme coins.

While blue-chip cryptos like Bitcoin and Ethereum have increased by nearly 8% over the past day, many meme coins have shown even better performance.

Dogecoin (DOGE) has jumped by 19%, while Neiro (NEIRO) has spiked by 33.6% in just one day. Many investors are again turning to meme coins amid expectations of a rally.

The wider crypto community views Trump’s victory as a possible trigger for a more favorable regulatory landscape, especially since he has consistently supported clearer guidelines for crypto.

Consequently, Bitcoin hit its record high of nearly $75,400 on 6 November after breaking above key resistance levels.

Many investors are taking advantage of this positive sentiment, resulting in a surge in established and emerging meme coins.

As a result, the broader meme coin market saw a nearly 22% jump in less than 24 hours.

Experts like Ryan Rasmussen from Bitwise Asset Management recently told CNBC in an interview that the recent surge in meme coins shows investors are willing to take high risks amid bullish expectations.

He mentioned that meme coins usually have low liquidity and market cap, so these price swings are common when the overall market is doing well.

Dogecoin saw a nearly 19.4% jump in the past day, trading at $0.2024 at press time. This renewed interest in Dogecoin is partly due to Trump’s support of cryptos and Musk’s continued backing.

Its market cap is now $29.7 billion, making it the 8th largest crypto in the world.

Trump has expressed support for cryptos, and investors appear to expect more lenient crypto regulations.

NEIRO also saw a 33.6% gain over the past day and was trading at $0.001744 at the time of writing. These gains helped Neiro’s market cap cross $700 million and positioned it among the top-performing meme coins in the market.

While Dogecoin and Neiro lead the rally, new meme coins are also seeing gains.

Two that could be poised to explode next are Pepe Unchained and FreeDum Fighters, which are both in the presale stage and therefore offer huge growth potential.

Pepe Unchained ($PEPU) is an innovative project that’s revolutionizing the meme coin space by launching the world’s first dedicated Layer 2 blockchain for meme coins.

Built as a scaling solution for Ethereum, it offers instant bridging, ultra-low fees, and transaction speeds 100x faster than the main network while maintaining the fun of the Pepe ecosystem.

The project has witnessed massive attention in the crypto space, with over $25 million raised in its presale phase. The native $PEPU token powers the entire ecosystem, which includes a DEX, secure bridge solution, block explorer, and staking platform.

Investors can buy $PEPU tokens in the presale for just $0.01229 at press time. However, this price is set to increase soon.

A huge incentive for holding $PEPU tokens is the high staking rewards, offering up to 95% APY during the presale phase. These rewards will be doubled on the Layer 2 network, providing even more value for early supporters.

The project also features the innovative “Pump Pad,” a two-click meme coin launch platform with anti-rug security measures.

You can join the Pepe Unchained Telegram channel and follow its X account to keep up with the latest updates.

A hot new crypto project gaining massive investor traction this election season is FreeFum Fighters ($DUM). It parodies the U.S. presidential election via a unique gamified token ecosystem.

It’s built on multiple blockchains, including Ethereum, BSC, BASE, and SOL. This project lets users stake their tokens to vote for their favorite candidates—MAGATRON and Kamacop 9000—and earn rewards for their votes.

FreeDum Fighters aims to capitalize on the popularity of election season while offering a practical use case. It offers staking pools for each candidate, weekly debate contests with prize airdrops, and a dynamic voting system that affects reward rates.

This idea has resonated well with investors, which is evident in the presale numbers. The $DUM presale raised over $440K in just a few weeks after the launch.

In the current presale stage, $DUM tokens are priced at just $0.00007. However, this price will increase in the next stage. Interested buyers can follow FreeDum Fighters on X and join its Telegram group for the latest updates.