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As the US Elections draw near, meme coins associated with political figures are gaining popularity, leading to a heightened interest in PolitiFi tokens such as FreeDum Fighters, Doland Tremp, and MAGA.
Meme coins that revolve around political personalities have seen a significant uptick in demand ahead of the 2024 US Elections.
However, will they endure in the aftermath of the elections when political discussions stabilize? If they do, which PolitiFi tokens stand out as worthy investments?
These are pressing questions, and many analysts have weighed in.
“PolitiFi can grow beyond simple meme coins into more substantial functions such as campaign coins, candidate-specific tokens, and cryptocurrencies driven by social movements,” Kyle Kemper, a member of RFK Jr.’s campaign, recently shared with Cointelegraph.
Weiss Ratings research editor Jurica Dujmović echoed this sentiment, stating: “The future of these coins will heavily rely on their capability to transcend their original premise and establish genuine utility or cultivate lasting communities.”
So indeed, there is a place for PolitiFi tokens going forward, but only for those that can adapt to the post-election landscape.
With that perspective in mind, here are three PolitiFi tokens to monitor closely.
FreeDum Fighters
As we approach the 2024 US Elections, FreeDum Fighters introduces a fresh concept, merging the excitement of meme coins with the rising trend of prediction markets.
The project launched a presale today and has already secured $100k in funding.
Investors participating in the presale can stake their tokens in one of two pools: “MAGATRON” or “Kamalacop 9000.”
Indeed, MAGATRON draws inspiration from Donald Trump, while Kamalacop 9000 takes cues from Kamala Harris. Airdrops of tokens will be allocated based on who is currently leading in real-world scenarios, like debates and news coverage, with those staked in the corresponding pool receiving rewards.
For instance, if Trump is dominating in the polls and media, individuals who staked their tokens in the MEGATRON pool will receive airdropped tokens.
However, rewards will depend on the demand for each pool. If MEGATRON attracts more stakers, the Kamalacop 9000 pool will adjust to offer greater rewards to maintain equilibrium.
Investors can purchase DUM at the price of $0.00005 today, with the amount set to increase during the ICO.
Doland Tremp
The Solana ecosystem has emerged as the memetic hotspot for crypto in 2024. This is reflected in Tokenterminal data, indicating that Solana is leading in daily active users.
Consequently, Doland Tremp is positioned as Solana’s top PolitiFi meme coin, potentially attracting substantial liquidity as interest in the US elections escalates.
Unlike FreeDum Fighters, Doland Tremp does not fit neatly into Dujmović and Kemper’s frameworks, as it lacks a distinct pathway for evolution beyond a meme coin following the elections.
Nevertheless, its whimsical nature, paired with a leading position on Solana, may provide favorable conditions for sustained growth alongside other tokens in the ecosystem.
In the same context, Kemper remarked that “Trump’s character and ability to create viral moments make him an ideal candidate for meme coins.”
The ex-president’s provocative persona ensures he remains a point of interest, which could sustain attention on meme coins like Doland Tremp.
MAGA
MAGA stands out as the top PolitiFi meme coin in terms of market capitalization, which offers several advantages. Primarily, it is likely to appreciate alongside the overall movement of PolitiFi.
This is because larger-cap tokens are particularly appealing to whale investors due to their enhanced liquidity. They’re also a convenient choice for newcomers seeking exposure without excessive investigation.
In simpler terms, TRUMP acts as a magnet for new investments in the PolitiFi narrative.
Moreover, MAGA (TRUMP) is addressing real social challenges, which could lead to the development of a long-lasting community.
The project’s website prominently states: “We’ve contributed more funds to U.S. Veterans and Child Trafficking Prevention than any other cryptocurrency on the market.”
Importantly, this aligns with Ethereum Co-Founder Vitalik Buterin’s visionary perspective on meme coins, which he explored in a blog post in March titled “What else could meme coins be?”
In that article, Vitalik expressed the belief that meme coins have the potential to be “positive-sum and enduring” if they are focused on charitable efforts.
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