Donald Trump

MAGA

<p>There are over 13K cryptocurrencies and over 400 million crypto users across the globe. Many are <strong>memecoin </strong>lovers and seem interested in cryptos inspired by <strong>American politics</strong>.&nbsp;</p>
<p>These new memecoins differ from traditional meme tokens, such as DOGE, SHIB, PEPE, and others. They belong to the “political memecoin” category, which CoinGecko coined “<strong>PolitiFi</strong>.”&nbsp;</p>
<p>The combined market cap of <strong>American politics </strong>and political leader-inspired meme tokens stands above $900 million. The recent trends are positive for this new memecoin category.&nbsp;</p>
<p>Keep reading to explore how these PolitiFi tokens will perform as the US Presidential Election gets closer.&nbsp;</p>
<h2 class="wp-block-heading" id="h-what-is-the-new-politifi-memecoin-category"><strong>What is the New PolitiFi Memecoin Category?</strong></h2>
<p>Circumventing central authorities has been the main reason behind the growing popularity of cryptocurrencies. Most countries did not like that idea, and thus, cryptocurrencies remained unregulated or banned in most countries across the globe.&nbsp;</p>
<p>Things started turning with new regulations, ETFs, and donations accepted by politicians in cryptocurrencies. The rise of political cryptocurrencies like <strong>ConstitutionDAO (PEOPLE),</strong> MAGA (TRUMP), <a href="https://www.thecoinrepublic.com/2024/07/16/failed-trump-assassination-boosts-maga-trump-token-price-by-70/" rel="noopener noreferrer nofollow">MAGA Hat </a>(MAGA), <strong>Jeo Boden</strong>, and others makes the global crypto community optimistic about cryptocurrency’s future.&nbsp;</p>
<p>Creative memecoin creators introduced politics-related meme tokens, which became popular recently. These new meme coins allured investors probably because so many followers of associated politicians seemed to be interested in them.</p>
<p>The attempted assassination of Donald Trump and his survival thrilled the crypto community. The crypto community considers him a favorable presidential candidate. Therefore, Trump-related <a href="https://www.thecoinrepublic.com/2024/06/19/politifi-tokens-greet-new-member-is-the-djt-token-legit/" rel="noopener noreferrer nofollow">PolitiFi tokens</a> skyrocketed after his survival.&nbsp;</p>
<h2 class="wp-block-heading" id="h-how-american-politics-is-influencing-politifi-tokens"><strong>How American Politics is Influencing PolitiFi Tokens?</strong></h2>
<p>Over 50 million citizens hold cryptocurrencies in the USA. That’s a huge number of crypto holders who may influence the election results in the upcoming presidential election.&nbsp;</p>
<p>Reports suggest that many crypto executives have tried to get the entire community behind Trump. The <strong>Biden administration</strong> brought criminal charges and lawsuits against several renowned figures in the cryptocurrency industry. So, the community clearly didn’t favor Joe Biden.&nbsp;</p>
<p>Since the current president of the United States of America has ended his re-election bid, all eyes are on potential candidates from the Democratic Party. The <strong>Jeo Boden </strong>token fell 44% as Biden withdrew. That shows how American politics is affecting certain crypto assets.&nbsp;</p>
<h3 class="wp-block-heading" id="h-what-do-stats-indicate-about-crypto-s-influence-on-american-elections"><strong>What Do Stats Indicate About Crypto’s Influence on American Elections?</strong></h3>
<p>The Harris Poll data indicated that almost 1 in 3 US voters were interested in cryptocurrencies since the <strong>BTC ETF approval</strong>. The Bitcoin price has also been higher than it was during previous elections.&nbsp;</p>
<p>The poll data also suggests that around 47% of American voters plan to include crypto assets in their portfolio. US citizens who hold or are planning to buy cryptos will likely favor a presidential candidate with positive views toward cryptocurrencies.&nbsp;</p>
<h3 class="wp-block-heading" id="h-what-do-crypto-industry-insiders-have-to-say"><strong>What Do Crypto Industry Insiders Have to Say?</strong></h3>
<p>The leading presidential candidate Donald Trump, has not always favored crypto. He criticized digital assets when he was in the office, but his views seem to have changed now.&nbsp;</p>
<p>The former US president will attend the <strong>Nashville Bitcoin conference</strong> on July 27. He will hold a campaign fundraiser at the event, where the most expensive ticket costs $844,600.</p>
<p>Trump is clearly leading the presidential race, and his presence at a crypto conference sends positive signals to the crypto community.&nbsp;</p>
<p>UtilityNet (@UtilityNet_), in its recent tweet, shared Trump’s video in which he is committing to secure the future of crypto and Bitcoin in America.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> "I will ensure that the future of crypto and the future of Bitcoin will be made in the USA, not driven overseas." —— Trump<br><br>The Future of Cryptocurrency, Shaped by Us Together!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/CryptoFreedom?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoFreedom</a> <a href="https://twitter.com/hashtag/BitcoinUSA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinUSA</a> <a href="https://twitter.com/hashtag/UtilityNet?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#UtilityNet</a> <a href="https://t.co/8mn9T4tfF5" rel="noopener noreferrer nofollow">pic.twitter.com/8mn9T4tfF5</a></p>— UtilityNet (@UtilityNet_) <a href="https://twitter.com/UtilityNet_/status/1814189728876634351?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 19, 2024</a>
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<p>There are also rumors that Trump may pick BlackRock CEO Larry Fink for the Treasury Secretary position. A renowned technical analyst, Ali Martinez, said it would be optimistic news for Bitcoin if it were true!</p>
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Bullish for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> if true! <a href="https://t.co/JzZgYGeS04" rel="noopener noreferrer nofollow">pic.twitter.com/JzZgYGeS04</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1815074826240856244?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2024</a>
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<h2 class="wp-block-heading" id="h-which-are-the-top-performing-political-memecoins"><strong>Which are the Top-Performing Political Memecoins?</strong></h2>
<p><strong>Political memecoins </strong>are also highly volatile crypto assets. Major events in US politics also affect the price of PolitiFi tokens. The recent surge in the price of MAGA and cryptos inspired by Joe Biden’s replacements indicates how fragile these assets are.&nbsp;</p>
<p>Experts had forecasted that there was a 63% chance that Biden may withdraw his bid, and that happened. <a href="https://www.thecoinrepublic.com/2024/06/04/top-5-politifi-coins-trump-people-boden-maga-and-tremp/" rel="noopener noreferrer nofollow">PolitiFi tokens</a>, such as Kamala Harris-inspired KAMA and Gavin Newsom-inspired NOOSUM, rallied exponentially before Joe Biden’s announcement.&nbsp;</p>
<p>Donald Trump survived, and PolitiFi tokens inspired by him surged rapidly after the news broke out. Many top crypto assets surged after the Butler, Pennsylvania incident. The leading Political Memecoins at the press time include:</p>
<ul class="wp-block-list">
 <li>ConstitutionDAO (PEOPLE)</li>
 <li>MAGA (TRUMP)</li>
 <li>MAGA Hat (MAGA)</li>
 <li>Doland Tremp (TREMP)</li>
 <li>Super Trump (STRUMP)</li>
</ul>
<p>The Jeo Boden (BODEN) token price is consistently falling. It plummeted almost 60% since Biden announced he quit his bid for re-election.&nbsp;</p>
<h2 class="wp-block-heading" id="h-do-politifi-tokens-have-the-potential-to-make-you-rich"><strong>Do PolitiFi Tokens Have the Potential to Make You Rich?</strong></h2>
<p>Political memecoins are probably the hottest cryptocurrencies right now. Any new token linked to the<strong> leading Democratic presidential candidate</strong> may surge in a few days. Users holding that token might get rich pretty quickly.</p>
<p><strong>Trump-inspired memecoins </strong>are currently dominating the <strong>PolitiFi crypto category</strong>. They might surge more if Donald Trump does not face serious competition from his Democratic counterparts.&nbsp;</p>
<p>How the crypto industry will respond to Trump’s potential re-election? It will be pretty exciting to see after November 5, 2024.&nbsp;</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/22/memecoins-and-american-politics-how-they-have-become-tied-together-of-late/" rel="noopener noreferrer nofollow">Memecoins &amp; American Politics: How They Got Tied Together</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Memecoins & American Politics: How They Got Tied Together

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