Key Points
- The PolitiFi tokens sector recorded an important surge in the past 24 hours.
- Political memecoins show increased volatility, with some tokens seeing impressive price surges.
According to the latest data from CoinGecko, PolitiFi coins sector has seen a significant increase in market cap in the past 24 hours. The crypto sector surged by almost 9%, and the 24-hour trading volume of the coins is close to $280 million.
PolitiFi Coins See Increased Volatility
According to CoinGecko data, the trending coins include MAGA, the Donald Trump-based memecoin, which saw a price surge of over 25% in the past 24 hours, and Donald Tremp coin, up by over 21%.
The largest gainers are PEPE, up by over 124%, and TRUMP 47, up by over 115% in the past 24 hours.
Apart from the price gainers mentioned above, other noteworthy price surges have been recorded by other coins as well.
For instance, MAGA Hat (MAGA) saw a price surge of over 10% in the past 24 hours, and Kamala Horris (KAMA)’s price surged by over 67%. MAMA Pepe (MAPE) saw a price surge of over 20%.
Other politics-related memecoins saw price drops. For instance, Kumala Herris (MAWA)’s price dropped by almost 27% and Joe Boden (BODEN) saw a price drop of over 25% in the past 24 hours.
Overall, the memecoins related to political characters in the USA recorded increased volatility, seeing significant price surges, while others recorded important price drops in the past day, data from COinGecko shows.
The US elections are scheduled for tomorrow, but the results will likely come in on November 6. According to the latest reports from Polymarket, Donald Trump leads Kamala Harris by 56.9% to 43.2%.
Both the Republican candidate and the Democratic Party’s candidate have been showing support for the crypto industry, promising to stand by it.
It remains to be seen who wins the US elections and if the promises made throughout 2024 will also materialize into real support for the crypto industry.
