With just one day until the final result, the race between US Democratic candidate Kamala Harris and Republican candidate Donald Trump is neck-and-neck.
And amidst this, political-themed meme coins are showing major strength. MAGA Hat has been a top performer, but could presale token FreeDum Fighters be next to explode?
Market participants are betting on political meme coins to keep rising, even after the election.
Everyone wanted to know what would happen to Trump and Harris-themed tokens in a post-election market.
But with just over 24 hours until the winner is announced, these tokens are on fire, showing traders’ belief that they’ll keep rising.
MAGA Hat has been a top gainer, pumping by 39% in the past week. It currently holds a price of $0.0001919 and a $78 million market cap.
While holding a lower market cap, Super Trump has also enjoyed major success. It is up by 43% today to $0.007012 and holds a $16 million valuation.
Even MAGA (TRUMP), the highest-valued Trump-themed token that has underperformed as the election approaches, has made gains today. It’s currently trading at $3.25 with a $148 million market cap.
One trader highlighted how crypto has become a bipartisan talking point in the US elections, suggesting the PolitiFi narrative will “see fireworks” this week.
Meanwhile, another analyst said, “Market participants fail to realize PolitiFi season hasn’t even started.”
He continued, “With the most contested election of our lives two days away, expect PolitiFi to outperform the entire meme market from Election Day until Inauguration Day.”
Overall, analyst sentiment reflects the market’s recent performance.
Election Day is not the end of the PolitiFi token narrative. It might just be the beginning.
And with that, one of the most interesting projects taking centre stage is FreeDum Fighters.
It’s currently undergoing a presale, allowing everyone to buy in for a fixed price. So far, the presale has raised over $400K, showing considerable demand among investors.
Unlike most PolitiFi meme coins, FreeDum Fighters holders do not need to sell their tokens to turn a profit.
The project’s main feature is Trump and Harris-themed staking pools, where users can contribute their tokens and earn rewards based on who wins the election.
This reflects the Polymarket model, except Polymarket is unavailable in the US. As such, FreeDum Fighters may offer a more accurate representation of the electoral situation.
Currently, 68% of staked tokens favour Trump, illustrating he’s favourite among crypto investors.
FreeDum Fighters users can also earn tokens by engaging in weekly debates, which will run every Wednesday to Friday. Users will argue for or against that week’s topic, with the winners receiving $DUM rewards.
With its neutral stance and playful artwork, FreeDum Fighters holds a mainstream appeal that does not gatekeep.
As such, analysts say it has massive potential. For instance, Umar Khan from 99Bitcoins says it could 100x in price.
Khan underscored the massive potential for PolitiFi tokens, suggesting we will “see a crazy bull run” once the election commences.
Investors can buy $DUM today for $0.000065, but this price will rise in one day.
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