The 47th US president will be decided in five days, and crypto traders are positioning accordingly.
PolitiFi tokens are booming, with MAGA Hat and Trump 47 making big gains and FreeDum Fighters seeing huge inflows into its presale.
Despite a significant rally this week, MAGA Hat is down over the past 24 hours.
However, analysts see this as an opportunity to capitalize just before the election winner is revealed.
It’s currently trading at $0.0002029, down 16.8% today, but it remains up 38% this week and 122% this month.
MAGA has a $79 million market cap and a $44 million 24-hour trading volume.
According to analysts, MAGA’s recent momentum indicates a higher-time-frame reversal, with many targeting its previous all-time high.
For instance, CryptoVisionz notes, “FOMO is about to be real as we get closer to election week, and the crowd will be jumping in.”
The analyst says a “massive breakout” is coming within the next 48-72 hours, with an initial price target of $0.00034176.
Meanwhile, prominent trader Davie Satoshi says that MAGA is “retracing in a healthy way to set up for its next power move.”
He also suggests, “Slowly but surely, MAGA is closing in on its ATH.”
Yet, the story is slightly different for Trump 47. The project is newly launched and has booked a significant gain of 138% over the past 24 hours.
It currently holds an $8 million and a $10.6 million 24-hour trading volume.
Given its recent launch, Trump 47 is generating a significant buzz online.
Analyst CrayolaCapital is looking toward a 4x gain for the project, noting that it has begun recovering after a brief selloff yesterday.
Meanwhile, Timon also praised Trump 47’s “great recovery” after yesterday’s dip and showed a clear bullish outlook towards the project.
However, Timon noted that “Kamala voters tried to sabotage the chart,” causing the dip.
This highlights the hyperpartisan issue of PolitiFi meme coins and hints to significant volatility as the elections encroach.
That’s partly why analysts recommend bipartisan FreeDum Fighters as the best PolitiFi token to buy now.
The PolitiFi narrative is generating significant momentum in the lead-up to the elections. However, analysts are suggesting the presale token FreeDum Fighters will outperform.
This is because it takes a unique, light-hearted approach, removing the polarity and ugliness of US politics.
Instead, FreeDum Fighters features two comedic, mechanized versions of the political candidates, MAGATRON and Kamacop 9000.
Both characters have a staking pool, and users can earn rewards by staking their tokens on which one they think will win.
There are also weekly debates, which run every Wednesday to Friday. Users can argue for or against that week’s topics. Again, the winners will earn free $DUM tokens.
With multiple ways to earn and a satirical spin on the US political landscape, it’s no surprise that FreeDum Fighters is causing a stir.
They’ve raised $380K in the presale so far, and prominent industry analysts have also touted it.
For instance, Austin Hilton recently told his 276K YouTube subscribers that $DUM “will explode.”
“I think this will go up dramatically as we move forward,” he said.
The current $DUM presale price is $0.00006, but this will rise in one day.
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