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As Bitcoin reaches its peak, there is a Memecoin explosion!
As reported by Kriptokoin.com, as the US presidential election results approach, the cryptocurrency market is experiencing significant movement. In addition to the fluctuations in Bitcoin and Ethereum prices, there is a new meme coin frenzy in the market. In the last 24 hours, meme coins, especially those with political themes, have begun to attract attention in the market. This week, coins such as DOGE, ELON, MAGA, and DJT have been among the most talked about.
These Memecoin Projects Stand Out
According to Santiment, several meme coins, especially politically themed ones, have quickly become trending topics on social media. Among these, tokens such as Dogecoin (DOGE), Dogelon Mars (ELON), and politically based tokens like MAGA and DJT stand out. Donald Trump's lead in the election race with 51.7% and Kamala Harris following with 47.5% is further increasing interest in these themed coins. Trump's lead has rapidly made tokens associated with him popular. There has also been a significant interaction on social media.
Election updates and increasing interest on social media have brought these tokens to the forefront. While the public is focused on the election, they are also showing interest in these popular memecoin projects, contributing to the market's momentum. As a result, election news is finding its place in the crypto world as well.![Binance'deki Bu 5 Altcoin İçin 'Patlayıcı Hamle' Bekleniyor!]()
Election Themed Memecoin Projects Have Taken Over the Crypto Market
Election-themed tokens flowed into the crypto market like a flood. On the Ethereum network, more than 40 tokens related to Trump entered the market. On Solana, over 100 tokens emerged. This wave caused a significant stir in the market. Established tokens like MAGA and KAMA started to see heavy trading. In particular, the market value of MAGA token has exceeded 150 million dollars. The Kamala Harris-themed KAMA token, after showing a 150% increase on November 1st, dropped by 50%.
PolitiFi Token Market Value Surpasses 600 Million Dollars
The election-related token hype is not new. However, as we get closer to the election, interest in such tokens has only grown. The total market capitalization of these politically themed coins, dubbed "PolitiFi" meme projects, has exceeded $600 million. Among them, ConstitutionDAO's PEOPLE token leads the way with $347 million. In addition, interest in MAGA-themed coins is increasing.
These political memecoin projects, which have become popular in the crypto market since September, once again highlight the impact of major real-world events on the crypto market. Both the influence of the US elections and the market's sensitivity to political events bring new opportunities and risks in the crypto world.![Bitcoin Zirveye Ulaşırken Memecoin Patlaması Yaşanıyor!]()
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