PolitiFi meme tokens gain popularity as US campaigns take center stage, with their combined market cap exceeding $1 billion.
While Donald Trump tokens dominate trends due to the x-president’s status in the crypto world, calling himself the crypto president.
Meanwhile, a new Solana-based Solciety (SLCTY) has something for enthusiasts looking for Magic Internet Money, and its fast-paced presale could testify that.
PolitiFi tokens on the move
Political-based cryptos utilize blockchain technology to allow individuals to engage financially and politically.
Nonetheless, they remain prone to massive volatility – influenced by the popularity of who they represent and political events.
Experts believe the recent crypto market correction offered a dip-buying opportunity ahead of the November elections.
Cryptocurrencies linked to the former US president emerge as the most popular in the PoltiFi asset class.
Trump gained popularity in the crypto scene after showcasing his unwavering support for digital assets, even criticizing Democratic approaches.
These assets have seen surged investor interest during the campaign period, and they could remain elevated through 2024 and beyond. Let’s find out more.
MAGA (TRUMP)
MAGA is a political-themed digital token inspired by Donald Trump’s slogan Make America Great Again. The altcoin saw significant slides in June as it reversed from $17.84.
The Trump coin lost nearly 60% over the past month to trade near $7.43 at press time.
MAGA is currently seeking support at the $6.7 price area. Securing footing here will see buyers maintaining higher formation in TRUMP’s 24-hour chart.
That will open the possibility of MAGA soaring past the $17.84 high in its next leg up.
Bulls should overcome the crucial resistance at $10.5 for a recovery confirmation.
Meanwhile, ongoing political-crypto developments will likely trigger a smooth move past the hurdle when ‘stars align.’
Solciety (SLCTY)
Solciety is a new meme token (currently under its 30-day ICO) presenting itself as a “political party for degens.”
The project aims to use its state-of-the-art Meme Campaigner to create an active and engaged crypto community.
The Meme Campaigner tool allows individuals to generate various political-centered memes using various political characters, including Kim Wrong Un, Noncy Pelossi, and Badimir Putain.
Solciety taps lucrative markets – NFTs, Solana memes, & the meme culture- and its political ties position it for remarkable growth amid the election buzz.
Solciety sees increased attention days after going live, with over $367K raised at stage 2 of its presale.
The fast-selling presale indicates solid trust from experienced market players, positioning the projective native token SLCTY for a 100X surge in 2024.
Donald Tremp (TREMP)
Donald Tremp is another Solana-based token looking to leverage the popularity of meme cryptos by tapping humor and political themes.
The latest market-wide correction saw TREMP losing 64% to hover at $0.5308 during this publication.
Its market cap is $53.2 million, with declining activity as 24-hour trading volume dipped 12%.
Persistent supply momentum could plunge TREMP further.
However, past price action shows demand impetus around the current foothold should trigger a rally towards $1.88.
Donald Tremp will likely leverage the campaign craze to recover and outperform in the upcoming sessions.
Political-crypto developments by Donald Trump during the election period could mean a money-making opportunity for TREMP holders.
You can find more info about Solciety here.
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