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Cryptocurrency News Articles
Pepe Unchained ($PEPU) and FreeDum Fighters ($DUM): Altcoins Poised to Rally as US Election Approaches
Oct 25, 2024 at 03:06 am
As the US election approaches, political momentum and market uncertainty may fuel gains in altcoins. Analysts point to Pepe Unchained and FreeDum Fighters as two promising low-cap tokens that could benefit from the current environment.
As the US presidential election approaches on November 5, the crypto market is bracing for potential volatility. Recent polls show Donald Trump edging ahead of Kamala Harris in key swing states like Michigan and Pennsylvania, leading some crypto analysts to predict that his victory could drive a significant rally in Bitcoin and other digital assets.
Traditional polling data combined with blockchain-based betting platforms such as Polymarket suggest that Trump’s odds of winning are increasing. On Polymarket, Trump currently holds a 60.3% chance of victory compared to Harris’s 39.6%.
Crypto traders are now closely watching the election, given Trump’s more open stance on cryptocurrencies, including his public endorsement of World Liberty Financial and his appearance at the Bitcoin 2024 conference.
In a recent analysis, Jeff Park, head of alpha strategies at Bitwise, predicted that if Trump secures the presidency, Bitcoin could soar to $92,000. This sentiment is echoed by analysts at QCP Capital, who suggest that a combination of a Trump victory, a strong labor market and potential rate cuts could support a significant rally in Bitcoin. Currently, Bitcoin is trading at around $66,900, according to CoinGecko data.
As attention turns to the broader crypto market, two low cap altcoins—Pepe Unchained ($PEPU) and FreeDum Fighters ($DUM)—are emerging as potential beneficiaries of this election-driven momentum.
Pepe Unchained ($PEPU): A Meme Coin With High Expectations
Pepe Unchained, a meme coin-themed Ethereum layer 2 blockchain project, has been gaining substantial interest from investors. The presale, which has raised over $22 million, has seen a surge in activity, with close to $1 million raised in a single day. Whale investors have also shown confidence in the project, as Etherscan data reveals that one investor recently purchased 19 ETH worth of $PEPU tokens in a single transaction.
The goal of Pepe Unchained is to build a faster and more affordable Ethereum layer 2 solution that can handle the rising demand for meme coins. Solana has been outperforming Ethereum in terms of meme coin transactions due to its faster and cheaper network, but Pepe Unchained aims to close that gap with its new layer 2 blockchain, dubbed “Pepe Chain.”
Pepe Chain promises to offer 100x faster transaction speeds and significantly lower costs compared to the Ethereum main network. The project also includes features such as staking, an Ethereum bridge, a block explorer and a decentralised exchange (DEX).
Crypto analyst ClayBro, with a following of over 130,000 YouTube subscribers, has praised Pepe Unchained’s presale efforts, noting that the $22 million raised thus far gives the team the resources to build a “unique and innovative project.”
He believes that once Pepe Unchained hits exchanges, it could see significant price growth, especially with the current market trends favouring meme coins.
Investors are rushing to secure $PEPU tokens during the presale, as prices are set to increase with each new round. Currently, the token is available for $0.01177, but with the presale ending soon, this price is expected to rise once the token is listed on both centralised and decentralised exchanges.
DON’T MISS OUT ON $PEPU BEFORE IT HITS THE BIG TIME
FreeDum Fighters ($DUM): A Satirical Political Token With Real Rewards
FreeDum Fighters, a newly launched PolitiFi token, is taking a different approach by blending political satire with cryptocurrency. The project simulates the US presidential election, allowing investors to back their favourite political figures in a gamified environment.
Since launching its initial coin offering (ICO) just days ago, FreeDum Fighters has raised over $250,000, drawing attention from politically engaged traders.
The project features two fictional political figures—Magatron, a pro-Trump robot and Kamacop 9000, a progressive warrior inspired by Kamala Harris.
Investors can choose which character to support, staking their $DUM tokens to earn rewards based on the outcome of the simulated election.
This combination of gamification, satire and staking has resonated with investors, particularly as political tensions in the US rise ahead of the election.
The FreeDum Fighters presale offers tokens at a starting price of $0.00005, making it an accessible entry point for investors looking to get involved early. The presale is divided into four stages, with the token price increasing at each phase. After the presale, $DUM will be listed on decentralised exchanges (DEXs) and early investors are hoping for a price increase once trading begins.
What sets FreeDum Fighters apart from other political-themed tokens is its staking system, which allows investors to earn passive income.
In addition to staking rewards, FreeDum Fighters will hold weekly debates on social media platforms, where $DUM holders can
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