PolitFi tokens have become incredibly popular recently. Earlier this year, former President Trump’s endorsement of Bitcoin at Bitcoin 2024 in Nashville caused a surge in political-themed coins. Now, as the election day approaches, these tokens are experiencing significant price fluctuations.
During his speech, Trump revealed that the US government quietly acquired approximately 210,000 BTC, which amounts to 1% of the total Bitcoin supply. As of now, the government’s Bitcoin holdings are valued at $15.1 billion. What excited investors even more was Trump’s proposal to establish a “strategic national Bitcoin stockpile” and never sell these holdings.
Investors responded enthusiastically to these remarks, leading to the emergence of hundreds of new PolitFi tokens on various blockchains, many featuring Trump-themed imagery. While some of these tokens are high-risk, small-cap projects, the sector as a whole has grown, with the total PolitFi market cap reaching $787 million. Given Trump’s promise to make America the “crypto capital of the world,” this figure could rise even further.
With only six days remaining before the election, the crypto market is closely watching the potential impact on PolitFi tokens. Betting markets are increasingly favoring a Trump victory over Harris, and Trump’s favorable stance on crypto has boosted interest in politically-themed coins. The leading PolitFi token, MAGA (TRUMP), currently has a market cap of $179 million. Another popular token, Doland Tremp (TREMP), which cleverly parodies Trump, has seen a 22% increase in the past week. Even tooker kurlson (TOOKER), inspired by a media figure’s association with Trump, is gaining traction.
These three tokens demonstrate the power of speculative buying, as they have outperformed established altcoins despite having no practical use case. Influencer Crypto in Black predicts that this trend will continue and suggests that now may be the right time to invest in these coins.
One particularly unique project in the PolitFi space is FreeDum Fighters (DUM). This project takes a creative approach by featuring two rival characters, MAGATRON and Kamacop 9000, engaged in a battle for supremacy. DUM token holders can stake their tokens in pools aligned with either candidate and participate in weekly social media debates. The winning side receives airdrops of “government funds.” This innovative setup has generated significant demand for DUM in its presale, raising over $350,000 and selling 6.8 billion tokens across multiple stages.
Crypto expert ClayBro is optimistic about DUM’s prospects, predicting that the token could increase 25-fold once it hits exchanges, reaching a price of approximately $0.0015. While this is speculative, the growing popularity of FreeDum Fighters on platforms like Twitter and Telegram suggests that it is possible. With the election just days away, this project is definitely one to watch.
To learn more about the FreeDum Fighters presale, visit their website.
