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The first general debate of the 2024 US Presidential election concluded without a single mention of cryptocurrencies or Bitcoin. This silence, despite significant backing from crypto political action committees (PACs), sent shockwaves through the market.

As a result, politically themed (PolitiFi) meme coins took a substantial hit.

Coinbase Expresses Disappointment With the US Presidential DebateHeld in Atlanta, Georgia, the debate featured current President Joe Biden and former President Donald Trump. Moderated by CNN anchors Jake Tapper and Dana Bash, the 90-minute discussion spanned topics from the economy to foreign policy. However, it only briefly touched on economic issues and completely avoided technology policy, including the crypto sector.

Consequently, the crypto community, which had hoped for at least some acknowledgment from Trump, known for his crypto-friendly stance, was left disappointed.

After the debate, the total market capitalization of PolitiFi meme coins fell by 6.7%. Individual coins suffered even more; MAGA (TRUMP) dropped by 14.1% and MAGA Hat (MAGA) by 14.6%. Doland Tremp (TREMP) saw a decline of 15.3%, while Joe Biden-themed meme coin Jeo Boden (BODEN) plummeted by a staggering 32.5%.

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Top PolitiFi Meme Coins. Source: CoinGeckoCoinbase, a major player in the crypto exchange market, expressed its disappointment shortly after the debate.

“The first presidential debate has just ended, and crypto has not been mentioned. With 52 million Americans and 19% of Georgians owning crypto, it’s time to make sure it’s part of the conversation going forward,” Coinbase stated.

In light of the debate’s oversight, Coinbase is now focusing its efforts on its PAC, Stand With Crypto, which has received over $87 million in donations.

Moreover, Coinbase supports the Fairshake Super PAC, to which it contributed an additional $25 million in June. Collectively, Fairshake and its affiliates have raised over $177 million this election cycle, including $70 million spent in support of pro-crypto candidates.

Despite the debate’s lack of discussion on crypto, Trump’s actions suggest a strong alignment with the crypto community. This may significantly influence his political prospects.

According to the prediction market Polymarket, the odds of Trump winning the 2024 Presidential election have increased. It now stands at 63%.

Odds of US Presidential Election Winner. Source: PolymarketEarlier this month, Trump reiterated his support for the crypto industry during meetings with executives from crypto miners like CleanSpark and Riot Platforms. He emphasized the importance of Bitcoin mining in stabilizing the energy grid.

“We want all the remaining Bitcoin to be made in the USA. It will help us be energy-dominant,” Trump declared.

Furthermore, Trump’s active engagement with the crypto community has been notable. At a recent Libertarian Party convention, he promised to commute Ross Ulbricht’s sentence and announced his campaign’s acceptance of crypto donations.

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This proactive stance was highlighted during a fundraiser that attracted prominent figures like the Winklevoss twins and raised $12 million to support his campaign against Joe Biden.

The Trump themed coins sector is witnessing notable fluctuations following Joe Biden’s announcement that he will not contest the 2024 presidential election. Biden has been under pressure from fellow Democrats to reject his nomination and pave the way for another leader to the party’s flag against former President Donald Trump in the elections scheduled for November.

These cryptocurrencies, named Super Trump, Maga, and Doland Trump, are experiencing diverse market dynamics; some are appreciating, while others remain subdued. The trend highlights the increasing influence of U.S. political developments on investment decisions in the crypto space.

1. Trump Themed Coins – Super Trump (STRUMP) Super Trump (STRUMP) introduces an innovative cryptocurrency honoring Donald Trump, the 45th President of the United States. This digital asset aligns with his ideals of minimal government and maximum market liberty. STRUMP’s blockchain manages a significant sum of 2.6 billion tokens, integrating political allegiance with financial technology.

The financial framework of STRUMP allocates portions of transaction fees to a wallet specifically for Donald Trump. Other revenues support liquidity, token burns, and marketing efforts. Moreover, the platform offers staking and farming options, enhancing user involvement.

STRUMP is priced at $0.01547, having risen by 24% following news of Biden dropping out in the 2024 elections. Although it saw a minor decline of 0.60% today, its market cap is valued at $28 million, ranking it #715 on CoinMarketCap. With a remarkable 19% increase over the last month, STRUMP shows a promising trajectory for growth, with a trading volume reaching $4.58 million in the past 24 hours.

STRUMP Price Chart| Source: TradingView The 4-hour technical indicators for the Super Trump show a bullish sentiment in recent trading sessions. The Chaikin Money Flow (CMF) indicator has remained positive, registering a value of 0.37.

The Awesome Oscillator (AO) displayed a value of 0.001824. The AO presents a green bar in the latest session, signaling an increase in market momentum and potentially pointing towards a positive price movement ahead.

2. Maga (MAGA) Maga (MAGA), a cryptocurrency associated with the MAGA movement, is currently valued at $6.85. In the past day, one of the key Trump themed coins has seen a decline of 4%. The cryptocurrency ranks 217th by CoinMarketCap, with a market capitalization of $300 million. Since its introduction, MAGA has surged impressively by 41,405%. 

MAGA price chart In recent weeks, its value has varied significantly, ranging between $8 and $5. A noticeable decrease in price occurred this week. This downturn coincided with a significant event involving an assassination attempt related to Trump and Biden. As the U.S. election draws closer, such politically-themed digital currencies are attracting more attention.

3. Doland Tremp (TREMP) Doland Tremp (TREMP) is another one of the popular Trump Themed Coins hosted on the Solana blockchain. Since its inception, it has captured the attention and the political humor-based community. This coin, humorously echoing a former U.S. president’s name, has soared by 269% following notable political events. 

Recently, Trump Themed recorded a 5% increase on the day. The token hovers at $0.453. The trading volume has surged to $17 million over the last 24 hours. Presently, Doland Tremp stands at the 2579th position on CoinMarketCap, with a market capitalization of $19 million.

TREMP price chart: Source| TradingView The Relative Strength Index (RSI) is currently at 52, indicating that the asset is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing a slight bearish momentum, with its histogram plotting just below the zero line, suggesting a potential slowdown in bullish activity.

Donald Trump-Themed Meme Coins in Freefall Following Fiery Debate With Kamala Harris

Amid a low-volatility weekend, the Politifi tokens witnessed a sudden surge in activity following the speculation of a second debate between Vice President Kamala Harris and former president Donald Trump. The U.S. presidential election remains a critical focus for the crypto market, as the outcome could shape the future trajectory of digital assets.

PolitiFi Tokens Poised for Action Ahead of Harris-Trump Second Debate On Saturday, President Kamala Harris officially accepted CNN’s invitation to debate former President Donald Trump on October 23, 2024. In a recent tweet, Kamala added, “I will gladly accept a second presidential debate on October 23”, and I hope @realDonaldTrump will join me.”

As of now, Trump has yet to respond to the invitation, leaving pundits and political watchers awaiting his decision. However, if the debate is confirmed, the following Politifi tokens could showcase a massive movement.

MAGA (TRUMP) Inspired by former President Donald Trump’s “Make America Great Again” movement, the MAGA (TRUMP) asset tops our list of Politifi Tokens. In the last four months, the TRUMP price has witnessed a steady correction from $17.75 to $1.723— a 90.3% decrease— within the falling wedge pattern.

This chart setup could have two converging trend lines, which typically lead to a temporary before the asset provides a decisive breakout. The MAGA price currently trades at $1.72, and activity challenges the pattern’s overhead trendline.

A potential breakout will accelerate the bullish momentum and bolster buyers to chase a potential target of $7.4, followed by $11.5 high.

TRUM/PUSDT -1d Chart Doland Tremp (TREMP) Doland Tremp (TREMP) is a meme coin that launched on the Solana blockchain in late 2021 as a satirical parody of former U.S. President Donald Trump. As the U.S. Presidential race continues to heat up, the TREMP price has shifted its prevailing downtrend sideways, trying to stabilize above the $0.1 psychological level.

An analysis of the daily chart shows a consolidation trend between $0.21 and $0.1 level, which breaches the upside if Trump could better prove his vision for the crypto market in front of U.S. voters.

The potential breakout will strengthen the buyer’s grip over this asset and chase a target of $0.31, followed by $0.6.

TREMP/USD -1d Chart Kamala Horris (KAMA) Unlike the aforementioned PolitiFi Tokens, the Kamala Horris (KAMA) is a meme-based cryptocurrency launched on the Solana blockchain in May 2024, satirically inspired by U.S. Vice President Kamala Harris. With an intraday loss of 8%, the KAMA price retested the late August bottom support of $0.0048.

This horizontal support and a downsloping trendline in the daily chart show a descending triangle pattern formation. While this chart setup typically drives a prolonged correction trend, the price could pierce the overhead trend If Kamala Horris managed to captivate U.S. voters with her assertive debating skills.

The post-breakout rally could drive the KAMA price rally to $0.0019, followed by an extended rally to $0.026.

KAMA/USDT -1d Chart Conclusion:

The potential Harris-Trump faceoff is expected to cover a range of critical topics, including the economy, healthcare, and foreign policy. Should either candidate demonstrate clear dominance, their associated PolitiFi Tokens may experience a strong directional rally

Experts say PolitiFi tokens will continue to grow after US elections: 3 coins to watch

Doland Tremp Price Prediction: $TREMP Pumps 15% as New PolitiFi Coin DUM Raises $250K in ICO

Trump-based politiFi tokens rallied ahead of the United States election with some posting gains over 120% in the past 24 hours.

MAGA Hat (MAGA), MAGA (TRUMP), Doland Tremp (TREMP), Super Trump (STRUMP), TrumpCoin (DJT) and other meme coins themed around former U.S. president Donald Trump saw significant gains as the overall market cap of PolitFi coins rose 5.4% bringing it to over $685 million in valuation.

Meanwhile, Kamabla (KAMABLA) was the only meme coin spun around Vice President Kamala Harris to see a positive day. KAMABLA surged 32.7% over the past day with an intra-day high and low of $0.00078 and $0.00049 respectively.

Political meme coins gained traction as the hype around these tokens peaked with the Presidential elections set for Nov. 5, an event expected to shape the future of the crypto sector in the U.S. and globally.

Trump tokens took the lead despite narrowing odds of the former President winning across prediction platforms. Polymarket data shows Trump’s chances of winning have dropped from 66.9% seen on Oct. 30 to 56% when writing.

Meanwhile, Harris saw her chances rise from 33.5% to 44% reflecting a shifting market sentiment, as investors leaned towards the idea of an unpredictable outcome based on historical inaccuracies of polls during past election years.

Earlier on Nov. 3, the majority of Trump-themed meme coins faced a downturn following some agitated remarks made by Trump during the republican candidate’s Milwaukee rally. However, most of the tokens have since recovered and offset the past day’s losses.

Yet, based on the recent price action of these tokens it seems investors remain slightly biased towards Trump’s chances of returning to the white house.

DJT was up 129.1%, placing it as the leading gainer while Pepe (TRUMP) saw gains of over 124.3% over the past day. Other popular meme coins MAGA, TRUMPCOIN, STRUMP, MAGA Pepe (MAPE) and TREMP posted gains of 58.4%, 46.5%, 36.9%, 28.2% and 14.3% respectively.

Source: CoinGecko Trump has widely been regarded as a crypto-friendly president in recent years. He has pledged to launch a Bitcoin reserve for the U.S. aimed to curb the $35 trillion U.S. debt over the years ahead. He has also committed to making the U.S. ‘crypto capital of the planet.’ 

Price rallies around these cryptocurrencies are primarily driven by the hype surrounding elections and other political events, leading traders to classify them as ‘event coins.’ Tokens themed around each candidate are likely to surge based on election outcomes but are expected to pull back once the initial excitement fades.

However, some experts suggest that if these tokens develop tangible utility, they could eventually shed their meme coin status and gain a more stable footing in the market.

TRUMP’s Rally Sparks Rise in These PoltiFi Tokens | Meme Coins To Watch Today

The cryptocurrency sphere introduces specialized tokens reflecting the ongoing US Presidential race. Notable among these are JEO BODEN (BODEN), Maga (MAGA), Super Trump (STRUMP), and Doland Tremp (TREMP). These coins are uniquely positioned altcoins to buy poised to capitalize on the current political fervor, offering promising investment avenues as the election draws near.

1. Altcoins to Buy – Jeo Boden (BODEN)  Jeo Boden (BODEN), a cryptocurrency initiative built on the Solana meme coin, playfully alludes to President Biden with its vibrant, meme-centric approach. The coin’s website, which humorously employs Comic Sans, is awash with amusing memes, adding to its satirical charm.

Since its introduction, BODEN has seen a notable increase of 10%, fueled by the buzz surrounding the forthcoming U.S. Presidential elections and the growing popularity of meme tokens. 

Jeo Boden price chart Jeo Boden value has risen by 5% in the past day, trading at $0.0349. Among the top Prime PolitiFi Altcoins recommended as the U.S. election approaches, it ranks 2570th on CoinMarketCap with a market cap of $23 million.

2. Maga (MAGA) Maga (MAGA), a cryptocurrency linked to the MAGA movement, currently holds the 218th position in global crypto rankings. It boasts a market capitalization of approximately $228 million. The trading landscape has fluctuated over the past week as investors adjust their strategies. 

The trend for MAGA has recently turned bearish, although its price has exceeded $5. Currently, it is priced at $5.22, marking a 2% decline in the last 24 hours. Since its debut, MAGA price has skyrocketed by 31,405%, making it a prominent choice among politically-themed altcoins as the U.S. election approaches.

4. 5th Scape (5SCAPE) 5th scape offers innovations in both augmented reality (AR) and virtual reality (VR). Its goal is to completely rethink VR and AR technologies for optimal usability. 5thscape believes that everyone should have access to virtual reality, regardless of experience level. Its aim is to bring together the most intelligent people in the field. Furthermore, the company intends to produce AR gaming chairs and VR headsets. All of this will give 5th scape a monopoly on the market. The presale for 5th scape is almost complete. It has already raised $6,033,618. Its current price is $0.00327.

Buy Now

3. Super Trump (STRUMP) Super Trump (STRUMP), a cryptocurrency that aligns with former President Donald Trump’s ideals of minimal governmental oversight and strong economic liberty, has introduced itself into the market. This token, influenced by the 45th U.S. President, integrates political advocacy with technological innovation in blockchain.

STRUMP operates on a network with a massive supply of 2.6 billion coins. A portion of each transaction fee is allocated to a wallet dedicated to Donald Trump. The funds are also used for various purposes, including enhancing liquidity, burning tokens, and covering operational expenditures such as promotions and exchanges.

Offering a transaction volume of roughly $5 million over the last 24 hours and a market capitalization of $16 million, STRUMP currently trades at $0.009206, reflecting a 2% increase. 

Positioned at number 819 on CoinMarketCap, the coin has experienced a staggering growth of 2546% over recent years. As the U.S. election approaches, STRUMP emerges as a leading political finance cryptocurrency, with potential forecasts suggesting further significant gains.

4. Doland Tremp (TREMP) Doland Tremp (TREMP), a cryptocurrency themed around political satire, is making waves on the Solana blockchain. This meme coin, often likened to the BODEN token, uses humor related to Donald Trump to engage its community. Recently, TREMP saw a dramatic surge of 258%, though it has since pulled back by 9% today.

TREMP price chart Currently, TREMP is trading at $0.4413, with a daily trading volume of $6.77 million. Despite today’s decline, its market capitalization stands strong at $43 million, placing it 2585th on CoinMarketCap. For those tracking meme coins, catching the next move of TREMP could yield significant returns.

Bottom Line As the election excitement builds, these politically themed cryptocurrencies might present lucrative opportunities. Each offers a unique take on the merging paths of politics and digital currency investments.

PolitiFi Meme Coins Hit Seven-Month Low as US Elections Near