Donald Trump has claimed victory in the US election and the crypto market is booming, as Bitcoin sets a new all time high of $75,000.
Meme coins and politifi tokens are also surging, and crypto users are heavily backing Trump-themed meme coins.
MAGA Hat, Doland Tremp, and Constitution DAO have all seen significant gains, with many speculating over a sustained bull rally following Trump’s victory.
Donald Trump has won the US presidential race, meaning he will now serve his second term.
This has created positive sentiment in the crypto community, due to Trump’s pro-crypto stance.
The market overall is up 9% with Bitcoin leading the way and altcoins up across the board.
As crypto enthusiasts embrace a Trump victory, meme coins created in his honour are doing particularly well.
The largest PolitiFi token, ConstitutionDAO, which has supported Trump in the presidential run-in, has risen by 14.5% as Trump’s odds of winning rise.
ConstitutionDAO has also booked major trading volume today at a whopping $250 million, placing it inside the top 40 most-traded cryptocurrencies.
Meanwhile, Maga Hat has rallied by 22% today, currently holding an $80 million market cap and a $40 million 24-hour trading volume.
And Doland Tremp has also soared, up 36% today. It has a $39 million market cap and a $21 million trading volume.
However, these three tokens remain at a week-on-week discount, potentially laying the way for more gains ahead.
As the image above shows, all bar one of the top ten PolitiFi tokens are in the green today. The only exception is a Kamala Horris, a token inspired by Trump’s political adversary, Kamala Harris.
Traders are expecting solid returns from the PolitiFi sector this week.
The election outcome has seen the market boom, with Bitcoin and altcoins across the board up.
However, there’s one meme coin that encapsulates the entire spectacle of US politics in a neutral way, and it’s called FreeDum Fighters.
The project has a unique advantage in that its performance does not depend on who wins the election. Rather, it’ll be able to grow either way.
It’s currently undergoing a presale, enabling investors to buy on the ground floor.
FreeDum Fighters is perhaps the most exciting politifi coin on the market thanks to its groundbreaking features.
The project has been offering two staking pools for mechanized versions of the presidential candidates, “MAGATRON” and “Kamacop 9000.”
Users have been staking their tokens based on who they think will win the election, and they’ll receive rewards if they predict it correctly.
It’s a concept that blurs the lines between a prediction market and staking, providing everyday investors with “skin in the game” while removing the ugliness from US politics.
And that’s not the only way they can earn. FreeDum Fighters also has weekly debates where users can craft compelling arguments for or against that week’s topic in return for $DUM tokens.
The team also lets its community propose changes and upgrades, enabling FreeDum Fighters to keep users engaged and entertained long after the election is over.
Analysts think this has massive potential, especially because it’s in its early presale phase.
Popular analyst ClayBro has hailed it and said, “There’s a lot of money to be made.”
However, he highlighted that the price will rise throughout the presale, incentivizing investors to act quickly.
The FreeDum Fighters presale has raised close to $500K so far, illustrating significant market demand.
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