With the US presidential elections one day away, activity began in the memecoin market.
The US presidential election, which will take place on November 5, continues to affect the cryptocurrency market. Donald Trump’s lead on the decentralized prediction platform Polymarket brought Bitcoin to $ 72,500. However, after Kama Harris closed the gap, it brought about a sharp decline in BTC. In particular, sharper declines were observed in altcoins.
The category that came to the fore in this process was PolitiFi (political tokens). The rise in memecoins related to Donald Trump continues to attract attention. So which cryptocurrencies can stand out the most in this process?
1- MAGA (TRUMP)
MAGA, the leading name of PolitiFi tokens, took action again one day before the election. MAGA, which increased by 14.59 percent in the last 24 hours, exceeded the market value of 150 million dollars. If Donald Trump is elected president, volatility in the parity will increase. The factor that investors should pay attention to is the idea of ”buy the expectation – sell the reality”. In short, selling pressure may increase in MAGA after the election is completed.
2- Kamala Horris (KAMA)
Kamala Harris, who regained power in Polymarket, surprised her investors with the decline of KAMA. KAMA, which lost 16.28 percent in value in the last 24 hours, dropped to a market value of 16 million dollars. It seems that the selling pressure on the parity will increase if Harris loses the election race.
3- Super Trump Coin (STRUMP)
STRUMP, another Donald Trump-themed memecoin, left its mark on the day with its 47.91 percent increase in the last 24 hours. STRUMP, which made a difference not only to memecoins but also to the altcoin market in general, reached a market value of 14 million dollars. In addition, PolitiFi coin, whose transaction volume approached 1 million dollars, gave confidence to its investors.
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