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PolitiFi coins surge 782% in 2024, surpassing meme coins average gains
The post PolitiFi coins surge 782% in 2024, surpassing meme coins average gains appeared on BitcoinEthereumNews.com. Key Takeaways PolitiFi coins outperformed meme tokens with a 782.4% gain in 2024. ConstitutionDAO leads the PolitiFi sector with a $385.6 million market cap. The political-themed meme coins known as “PolitiFi tokens” have surged 782.4% on average in 2024, as reported by CoinGecko. The category surpassed the broader meme coin category’s 90.2% average year-to-date growth. The largest PolitiFi token is ConstitutionDAO (PEOPLE), leading with a $385.6 million market cap and showing a 494.3% price increase since the start of the year. Yet, despite having less than half PEOPLE’s market cap at $178.9 million, MAGA (TRUMP) soared 1,350.9% in 2024 Another Trump-related token with a significant performance is the MAGA Hat (MAGA), which has grown 1,292.1% since its inception in May. At a market cap of $35.5 million, this is the third largest PolitiFi token. Notably, the PolitiFi category’s growth is linked to increased interest in US politics within crypto communities. Tokens often react to political events, such as Trump’s Iowa caucus victory and legal issues, as well as Biden’s health concerns and campaign developments. Moreover, key political events influencing PolitiFi token prices in 2024 included Trump’s Iowa caucus win, his hush money payment verdict, Biden’s health issues, and campaign developments. These events caused significant price fluctuations across various politically-themed tokens. Despite outperforming meme coins, PolitiFi tokens represent only 1.5% of the meme coin market, with a $680.8 million market cap compared to the broader category’s $45.6 billion. Some PolitiFi tokens apply transaction fees to support aligned political causes. For example, MAGA (TRUMP) contributes to Donald Trump’s Ethereum wallet and related charities. Crypto and the US elections Crypto became a fundamental part of the US presidential elections after former president Donald Trump started showing support for the industry. Since May, Trump vowed to end the hostility towards the blockchain industry if…
The post PolitiFi coins surge 782% in 2024, surpassing meme coins average gains appeared on BitcoinEthereumNews.com.
Key Takeaways PolitiFi coins outperformed meme tokens with a 782.4% gain in 2024. ConstitutionDAO leads the PolitiFi sector with a $385.6 million market cap. The political-themed meme coins known as “PolitiFi tokens” have surged 782.4% on average in 2024, as reported by CoinGecko. The category surpassed the broader meme coin category’s 90.2% average year-to-date growth. The largest PolitiFi token is ConstitutionDAO (PEOPLE), leading with a $385.6 million market cap and showing a 494.3% price increase since the start of the year. Yet, despite having less than half PEOPLE’s market cap at $178.9 million, MAGA (TRUMP) soared 1,350.9% in 2024 Another Trump-related token with a significant performance is the MAGA Hat (MAGA), which has grown 1,292.1% since its inception in May. At a market cap of $35.5 million, this is the third largest PolitiFi token. Notably, the PolitiFi category’s growth is linked to increased interest in US politics within crypto communities. Tokens often react to political events, such as Trump’s Iowa caucus victory and legal issues, as well as Biden’s health concerns and campaign developments. Moreover, key political events influencing PolitiFi token prices in 2024 included Trump’s Iowa caucus win, his hush money payment verdict, Biden’s health issues, and campaign developments. These events caused significant price fluctuations across various politically-themed tokens. Despite outperforming meme coins, PolitiFi tokens represent only 1.5% of the meme coin market, with a $680.8 million market cap compared to the broader category’s $45.6 billion. Some PolitiFi tokens apply transaction fees to support aligned political causes. For example, MAGA (TRUMP) contributes to Donald Trump’s Ethereum wallet and related charities. Crypto and the US elections Crypto became a fundamental part of the US presidential elections after former president Donald Trump started showing support for the industry. Since May, Trump vowed to end the hostility towards the blockchain industry if…
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