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Andy Watson
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PolitiFi tokens are showing significant volatility with the US Presidential Election now less than two weeks away. The top Trump meme coins are facing strong selling pressure, while Kamala Horris is up by 7% today on Thursday.
Meanwhile, a new meme coin FreeDum Fighters (DUM) is stealing the spotlight with its strong presale performance, having already raised $250k in less than a week. A few prominent crypto influencers are already calling it the next 10x coin.
Trump Meme Coins Dip, Kamala Horris Up: What Does This Mean?
The second-largest PolitiFi coin MAGA (TRUMP) continues to see strong selling pressure. $TRUMP formed a 7% red candle on Wednesday, extending its weekly loss to 37%. It is currently trading at $3.31, with a market capitalization of $145 million.
Last week, legendary crypto trader GCR (@GiganticRebirth) started to offload his MAGA holdings, resulting in a sharp selloff in the meme coin. However, other prominent traders have pounced on this opportunity to buy TRUMP at a bargain, on-chain data and intelligence terminal Alphanomics reveals.
$TRUMP token dumped 50% in 48hrs with Top Holders selling ~$1M throughout the week
But Smart Money wallets quietly loaded $220k today
15 days till election. Hmm… 👀 pic.twitter.com/SqIVlWQgQu
— Alphanomics 💧 (@Alphanomics_io) October 22, 2024
Currently trading 82% below its all-time high, the meme coin is seen by analysts as significantly undervalued. For instance, its Relative Strength Index (RSI 14) dipped to 30 in the 4-hour timeframe on Wednesday and entered the oversold territory.
Considering that former President Donald Trump has a strong lead against Vice President Kamala Harris on Polymarket, it wouldn’t be a surprise if MAGA pushes towards a new all-time high, particularly in the event of a Trump victory.
Meanwhile, a new meme coin MAGA Hat (MAGA) has outperformed TRUMP over the past month. Despite its 4% correction on Wednesday, the token is up by over 130% in the past 30 days.
There is growing speculation that MAGA Hat could flip TRUMP in the coming weeks.
Is it time for $MAGA to flip $TRUMP?https://t.co/arvLEUyFKM https://t.co/YwO0BppfXc
— 0xMo.eth (@MoEthWhale) October 19, 2024
Meanwhile, the Kamala Horris (KAMA) price is up by 8% today on Thursday and 12% over the past month. Smart money investors are eyeing this PolitiFi coin with growing interest, considering it could deliver outsized returns in the event of a Kamala Harris win.
However, MAGA, TRUMP, and KAMA are all hyper-partisan projects. Consequently, they face the possibility of a steep correction if the other side wins the White House on November 5th.
Considering that most polls suggest the race between Harris and Trump to be a toss-up, new investors in the aforementioned projects run the risk of booking major losses. Unsurprisingly, smart money investors have pivoted to FreeDum Fighters, a new bipartisan PolitiFi meme coin with low market capitalization.
Is FreeDum Fighters the Next PolitFi Token to Watch?
FreeDum Fighters (DUM) is a new PolitiFi meme coin that is in high demand in the lead-up to Election Day. The DUM presale has already raised $257K in less than a week, suggesting high upside potential for the new meme coin.
As previously stated, FreeDum Fighters is a bipartisan project, which aims to simulate the Presidential race in an alternate, highly mechanized universe. DUM holders get to choose from the two champions, MAGATRON and KAMACOP 9000.
Grok created this…
Not quite the FreeDum Fighters we were thinking of 👀 pic.twitter.com/9KDrnaNmnn
— FreeDum Fighters (@Freedum_Fighter) October 21, 2024
Each champion has a dedicated staking pool. DUM holders can cast their vote by staking their coins in either pool and earn attractive passive income in exchange for it. Each pool offers different reward rates, allowing investors to split their holdings between the two to maximize returns.
They can also participate in the weekly debates organized on the project’s social media accounts and earn a secret airdrop if they win.
Owing to its unique value proposition and strong presale demand, prominent crypto influencers are bullish on DUM, with some calling it the next 10x crypto.
Visit FreeDum Fighters Presale
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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