Political finance tokens, popularly known as PolitiFi coins, are cryptocurrencies linked to political themes or figures, particularly to promote decentralized governance and political fundraising.
Let’s discuss how these trending political-themed cryptocurrencies are integrating finance with decentralized governance. Most of these coins are trending following the upcoming US elections. Let’s explore the best PolitiFi coins to watch in 2024.
This politifi coins sector is a part of the memecoins sector that has recently gained a huge momentum with majority of the coins inspired by Donald Trump. In the recent weeks, Trump inspired concept coins like $FIGHTETH, $FIGHT and $FEARNOT has surged.
Reason for the recent exposure of political themed coins:
Trump participated in the Bitcoin conference June 25-27, 2024. Despite a shooting incident, Trump still attended the Nashville Bitcoin conference (July 27), drawing industry attention, which is not only beneficial for the overall crypto market but also for Trump concept coins.
Also, the Republican party’s nominated Vice President Vance is also a crypto supporter, implying that the Trump administration would have a positive impact on the crypto industry. It’s also reported that Trump is likely to nominate BlackRock’s CEO Flink as the State’s Treasury Chairman.
During his campaign, Trump repeatedly supported the crypto industry and took measures to keep crypto industry leadership in the US. The US final election day comes up on November 5, 2024. Top Trump tokens have already surged to new highs and new tokens are emerging.
Factors Driving Popularity of PolitiFi Memecoins
- Political Engagement: PolitiFi tokens offer a novel way for individuals to engage with political movements and campaigns. By holding and trading these tokens, supporters feel involved in the cause.
- Financial Opportunity: These tokens often support political campaigns and movements by allowing seamless fundraising. The speculative nature of PolitiFi tokens provides significant financial opportunities through trading.
- Community-Driven Initiatives: PolitiFi tokens often boast strong, engaged communities. These communities actively promote and support the tokens, driving interest and investment.
- Integration with Real-World Political Events: The alignment of PolitiFi tokens with real-world political events adds to their allure. This alignment not only attracts political supporters but also speculators looking to profit from the heightened activity during election seasons.
Top PolitiFi Coins to Keep an Eye On
With the PolitiFi sub-sector of memecoins gaining traction in the crypto market, we made a good list of some of the most trending PolitiFi coins to explore, based on their popularity, level of adoption, market cap, and trading volume.
Trump’s injury has once again boosted the popularity of related meme coins, with two standing out in particular: $TRUMP, $FIGHT, $FEARNOT, and $FIGHTETH.
$TRUMP meme token
This is the 1 ranked token in Politifi which has reportedly raised more funds for the U.S. Veterans and Child Tracking Prevention than any other cryptocurrency on the market.
This token is available on four chains including Ethereum, Base, Binance Smart Chain and Solana. It’s reportedly the biggest political finance meme token currently existing on the blockchain.
A top-tier meme with a market capitalization of over $294M widely traded on CoinEx with a total volume of over $5M on memecoins.
$FIGHT meme token
$FIGHT gained popularity mainly because, after being injured, Trump raised his arm and repeatedly shouted the slogan “Fight.” During his Last Speech, he told everyone to “FIGHT,” encouraging Americans to continue fighting to Make America Great Again.
Popularly trading on top exchanges like CoinEx, $FIGHT has gained in price rising to over 100% after launch. This token rides on the narrative that encourages the supporters to fight, fight for something etc.
$FEARNOT meme token
This token launch was inspired after the Trump shooting happened. In his speech, Trump said that “It was God alone who prevented the unthinkable from happening,” Trump wrote in a Truth Social post in the immediate aftermath of the shooting. “We will FEAR NOT, but instead remain resilient in our Faith and Defiant in the face of Wickedness.”
This garnered supporters interest and led to the launch of the meme token $FEARNOT which currently trades on CoinEx trading platform giving supporters a trading hub to show and exercise their support with action.
$FIGHTETH meme token
$FIGHTETH which is an acronym for “FIGHT TO MAGA.” The token launch came about following the shooting of Trump. In the past few days, hundreds of meme projects named after the keyword ‘FIGHT’ mentioned above have emerged, some with life cycles lasting only a few hours, and numerous rug pull incidents have occurred.
You are assured of trading the genuine ones on top-tier secured exchanges where these tokens are listed. CoinEx currently serves as the central trading hub for political themed memecoins.
Conclusion:
This year marks the next election year in the United States. Cryptocurrency investors, posing as an influential voting bloc, Trump has also gained supporters from the sector of the financial markets. Influential crypto investors are impacting the upcoming election competition. Cryptocurrencies have once again become a focal point of debate in the election.
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