Could Donald Trump meme coins be the best crypto to buy?
While the race to the White House remains a dead heat, crypto investors are betting on a Trump victory by investing in low-cap Trump meme coins.
MAGA (TRUMP), MAGA Hat (MAGA) and Super Trump (STRUMP) are up by more than 20% on Monday, while TrumpCoin (DJT) has more than doubled in value.
A new presale coin – FreeDum Fighters (DUM) – is also in high demand, with growing speculation that it could be the next 100x crypto.
Are Donald Trump Meme Coins Good Investments?
Crypto investors are gearing up for significant volatility on Election Day.
Former President Donald Trump is heavily favoured among crypto investors, largely owing to his promises of firing SEC Chair Gary Gensler and setting up a Strategic Bitcoin Reserve. Meanwhile, Vice President Kamala Harris’ efforts to distance herself from President Joe Biden’s anti-crypto policies haven’t moved the needle much.
Unsurprisingly, analysts are expecting a broad-based bullish continuation in crypto prices in the event of a Donald Trump win. On the contrary, a Harris victory could result in significant downside volatility in the short term.
In particular, there is considerable interest in PolitiFi meme coins. Investors are stacking low-cap Donald Trump meme coins as a bet on Trump’s victory.
For instance, MAGA (TRUMP) is up by over 20% in the past 24 hours, trading at $3.80 with a market capitalization of $170 million. Investors are anticipating a new all-time high for the meme coin in the aftermath of a Trump victory, which would mean nearly 5x returns.
However, it is facing stiff competition from the newer MAGA Hat (MAGA). $MAGA is up by over 80% in the past month, compared to a relatively modest 20% growth in $TRUMP.
Top-tier CEXs also appear to be backing the newer project, with Gate.io launching the MAGA perpetual contract with 10x leverage today.
Prominent analysts also appear to be favouring $MAGA over $TRUMP, with some projecting the meme coin to reach a $500 million valuation in the event of a Trump victory.
There is also growing speculation that more Tier-1 CEX listings could be coming down the pipeline.
Smart money investors have kept their eyes peeled out for newer projects as well. For instance, TrumpCoin (DJT) has more than doubled its value in a day. Similarly, Super Trump (STRUMP) is up by nearly 50% to start the week.
However, the aforementioned Donald Trump Meme Coins come with considerable risk. While Polymarket and Kalshi bettors are still favouring the odds of a Trump re-election, his lead has taken a considerable hit over the past 3 days.
Polls continue to show that the race remains a dead heat and the Democratic Vice President may even be a slight favourite.
In the event of a Harris win, the aforementioned Trump meme coins will likely see a major ‘washout’. Whales and smart money investors could use new retail buyers as exit liquidity even after a Trump win.
Unsurprisingly, there is now considerable interest in nonpartisan PolitiFi coins like FreeDum Fighters.
Could FreeDum Fighters Be The Next 100x Crypto?
The Political frenzy isn’t expected to die down with Election Day. With politics now playing a pivotal role in the crypto industry, PolitiFi coins aren’t expected to go out of fashion anytime soon.
For instance, a new meme coin – FreeDum Fighters (DUM) – is seeing considerable demand during its presale phase, having already raised $418k in just a few days.
Unlike the aforementioned hyperpartisan projects, DUM doesn’t have a horse in the race. Rather, it offers an escape from the ugliness of real-world politics by simulating the Presidential Race in an alternate, highly mechanized universe.
The project has two champions – Magatron and KAMACOP 9000, each with its own staking pool. DUM holders can cast their vote by staking their coins in either pool. In exchange, they will receive attractive passive income that they can cash out at their will.
They can also participate in weekly engagement events, meet like-minded investors and even engage in light-hearted banter. The winners of the debate will earn a secret airdrop.
Regardless of who is the 47th US President on Tuesday, experts anticipate that the DUM coin will remain in high demand. A few prominent influencers are calling it the next 100x crypto, citing its low-cap nature, attractive passive income and unique twist on the ongoing election frenzy.
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