As the USA election campaigns heat up, the blend of politics and blockchain technology is opening up exciting investment opportunities, with investors seeking top PolitiFi tokens for high returns.
Investors can benefit greatly from the volatility created by the emergence of these tokens, especially with 2024 being a Bitcoin halving year and the potential onset of a bull run. With a growing number of political-related coins available, it can be challenging to identify the best ones. Therefore, here are four top Politifi tokens to consider as the U.S. elections approach.
1. PolitiFi Tokens to Buy – MAGA (TRUMP)
Maga is an original Donald Trump-based meme coin that has seen better days. Launched in August 2023, Maga made it its mission to support U.S. veterans and protect American children. So far, the project has donated over 269 ETH to veterans and over 239 ETH to Child Trafficking Prevention (CTP).
Trading at $8.97, TRUMP is up 17% in the last 24 hours, but down 32% in the last 7 days. As the U.S. elections approach, TRUMP has faced hardships trying to list on centralized exchanges, as they claim the coin is too political.
Nevertheless, TRUMP remained the second largest politiFi meme token on CoinGecko by market cap and has over $45 million in daily trading volume. If Donald Trump wins the elections, Trump-based coins, such as TRUMP, may witness price explosions.
2. ConstitutionDAO (PEOPLE)
ConstitutionDAO is one of the few crypto experiments that have turned out to be successful. The project started out as a community collective to purchase the United States Constitutions through crowdfunding.
The initiative collected $42 million from contributors but eventually lost the auction to another bidder. In the aftermath of the loss, the idea to become a blockchain decentralized autonomous organization (DAO) came up, and ConstitutionDAO was born. Contributors were given the option to exit the DAO by redeeming the PEOPLE tokens for the original value of the token. In comparison to the current price, that would be a huge loss for the existing contributor.
Sitting at $0.087, PEOPLE price is down 25% in the last 7 days following Bitcoin’s volatile price action. Nevertheless, the asset remains the largest politifi token by market cap. PEOPLE reached an all-time high market cap of $691 million on June 9 before retracing to its current level. A great support level exists around the $400 million and $250 million market cap levels, from which a bounce could result in further upside movement making it one of the best politifi tokens to buy.
3. Jeo Boden (BODEN)
Jeo Boden is a Biden-based meme coin token on the Solana blockchain. Having reached an extremely low market cap, BODEN price hit an all-time high of $0.95 in April before retracing down to the current level.
The price of BODEN is trading around $0.133 at press time, a 9.7% increase in the past 24 hours. Despite falling 30% in 7 days, it still has over $9 million in trading volume and a $91 million market cap. The price action shows a strong support between $0.1 and $0.09, from which the meme coin is expected to bounce and make new all-time high prices.
BODEN’s popularity also soared recently after Kraken announced the token would be available for trading on its Kraken Pro platform. Kraken is a U.S.-based licensed and regulated exchange that may boost the value of BODEN during this electioneering period.
4. PolitiFi Tokens to Buy – MAGA Hat (MAGA)
Following the meme coin narrative of memes with hats, developers created the MAGA Hat, inspired by Donald Trump’s hat. The tactic worked well since the coin blew up in price and market cap. At press time, MAGA has an $85 million market cap with $63 million daily trading volume.
The meme token banks upon support from Trump’s supporters and his controversial natures to garner the media’s attention and move the token’s price to the moon.
MAGA is trading at $0.0002049 at press time, which is an 11% increase in the last 24 hours. The price action is at a relatively important support level, tested twice in the last two months. A bounce from here may result in a price rally above the previous high.
Having the lowest market cap on the list, and a bigger volume than some of the others, MAGA is one of the best politiFi tokens to buy right now.
Conclusion
The U.S. elections will no doubt bring some heavy volume to the politiFi tokens niche. Donald Trump has made it publicly clear that he supports crypto and will foster the industry if he wins the election. On a broader view, politics-based tokens may be the key to bringing general awareness about crypto to the masses.
Related Articles
✓ Share:
Evans Karanja is a content writer and scriptwriter with a focus on crypto, blockchain, and video gaming. He has worked with various startups in the past, helping them create engaging and high-quality content that captures the essence of their brand. Evans is also an avid crypto trader and investor, and he believes that blockchain will revolutionize many industries in the years to come. When he is not writing, you can find him playing video games or chasing waterfalls.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
