jakiro
Written article: Coingecko
Compilation: Blockchain
According to the latest report of Coingecko, the Politifi currency is better than Memecoin in cryptocurrencies in market performance, and has obtained a higher percentage return.
These currencies inspired by related characters or political themes have achieved considerable success in the background of the tight campaign in the United States.
In view of the Presidential election in November, speculators in the encrypted field are to be a ambiguous speculation of the next US president.
Let’s take a look at all the details.summary:
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Coingecko: Politifi currency performance is better than Memecoin
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What are the leading Politifi cryptocurrencies?
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Considering the future scene of the US presidential election: reduce the issuance of political Memecoin.
1. Coingecko: Politifi currency performance is better than Memecoin
According to the latest report of Coingecko, the so -called “Politifi currency” is occupying a leading position in the encrypted Memecoin market.
These cryptocurrencies represent one subset in the wider MEME currency category, inspired by incidents and politicians.
Although they have a similar background, these currencies have nothing to do with any personal politicians and do not provide the holder to provide governance or practical functions on the chain.
Their value is purely speculative, and prices are often affected by market manipulation attempts.
Despite many defects, the Politifi currency has been significantly better than the classic Memecoin since the beginning of this year.
Specifically, from January 1st to August 25th, 2024, this category increased by 782.4%, while Memecoin only increased by 90.2%at the same time.
As of two days ago, the Politifi currency occupied 1.5% of the Memecoin market, with a market value of US $ 68.08 billion.The broader MEMECOIN market has a total capital of US $ 45.6 billion, of which Doge, SHIB and PEPE occupy the dominant position of the sector.
On June 16, the encrypted Politifi currency reached its peak, accounting for 3.3% of the market share, equivalent to $ 1.9 billion in market value.
Since that day, the activity of such cryptocurrencies has been reduced by more than half, highlighting the attention and reduction of this type of token.
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2. What are the dominant Politifi cryptocurrencies?
Coingecko’s report helps identify the largest and most popular Politifi Memecoin in the encryption field.
As of August 25, the largest market value in this group was PeOPLE, with its market value of US $ 385.6 million.The project was founded by ConstitutionDao in 2021 to raise funds to purchase the original US constitution.However, the organization failed to achieve its mission due to the rejection in the auction, but the currency continued to exist and achieved some success.
Since the beginning of the year, the valuation of this Politifitoken has risen by 494.3%, from $ 64.9 million to $ 385.6 million.At the same time, PEOPLE’s price soared from a level of $ 0.012 to $ 0.13 (mid -June), and then fell to the current $ 0.074.
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Secondly, the second popular Politifi cryptocurrency is Maga (Trump), which is a MEMECOIN inspired by billionaire entrepreneur Donald Trump.The logo of the cryptocurrency shows the face of the politician, and the project is committed to supporting his campaign.
As of August 25, Trump’s market value was 178.9 million US dollars, a price increased by 1350.9%since early 2024.
Similarly, in this case, the peak of this cryptocurrency appeared in early June, when its market value reached $ 789.8 million.
At that time, the political candidate was sentenced to fraud in the financial documents of its holding company and faced 34 charges.Starting on January 1, Trump coins rose from $ 0.23 to a maximum of $ 17, and then fell sharply to the current $ 3.6.
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The third most influential Politifi cryptocurrency is Magahat (Maga), which is also inspired by presidential candidate Donald Trump.Since the beginning of this year, this currency has increased by 1292.1%, and its market value has increased from US $ 2.6 million to $ 35.5 million.
On May 29, it reached the highest point of history, with a market value of US $ 232.4 million, and its price trend is similar to Trump.
Other Politifi Memecoin, which is worth mentioning, has BODEN, which has the characteristics of Joe Biden, and the refined Kama of Democratic candidate Kamara Harris.
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3. The prospects of the future presidential election of the United States: The decrease in political Memecoin
The most keen observer must have noticed that there is a common factor in the chart of the encrypted Meme coin Politifi displayed by Coingecko.
They all reached the highest historical point around June, and then experienced a three -month decline.
After the upsurge at the beginning of this year, the enthusiasm of this speculative coin has been reduced.As we approach the end of the election activities and the approach of the November presidential election, the speculators have weakened the betting interest on the incident.
This is because the scene of the election results becomes more and more predictable, thereby reducing the potential of speculation and eliminating possible trading opportunities.
In addition, the value of some token, such as Boden, is zero (the price plummeted when Biden abandoned the campaign), which may cause complex emotions in this field.
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From now on, the prospects of these encrypted Politifi are likely to continue the trend of the bear market, and many of these Memecoin will eventually disappear.
Their value is mainly associated with speculation related to the US election: the approaching of the election itself has become the “selling news” of these resources in a sense, and the reasons for them will lose their existence at the end of the election.
In fact, after the next US president is elected, speculators will no longer have speculation, so they will sell the final Token inventory.
Careful contact with this encryption product, because they involve very high risks and are easily controlled.
