CandleFocus Trump based cryptocurrencies rally over 100% ahead of election day
2024-11-04
Author: Content Editor
PolitFi tokens themed around former US President Donald Trump have seen significant gains ahead of the US election, with some posting gains of over 120% in the past 24 hours. The overall market cap of PolitFi coins rose 5.4%, reaching over $685 million in valuation. Trump-themed meme coins have taken the lead, despite narrowing odds of Trump winning the election. On the other hand, a meme coin based on Vice President Kamala Harris, called KAMABLA, saw a surge of 32.7% in the past day. The price rallies of these cryptocurrencies are driven by the hype surrounding elections and political events and are classified as 'event coins.' If these tokens develop utility, experts suggest they could gain a more stable footing in the market.
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