• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Intersection of Politics and Finance in Cryptocurrency

user avatar

by Giorgi Kostiuk

2 years ago


  1. Who Will Win the US Elections?
  2. PolitFi Altcoins

  3. Politics and finance have intertwined in cryptocurrency. A new class of tokens called PolitFi has emerged, resembling a mix of fan tokens and meme coins. This area, containing numerous altcoins, represents a significant experiment in crypto as the November elections approach.

    Who Will Win the US Elections?

    Looking at hundreds of field surveys, most show Harris in the lead. Recent poll details were shared; Harris leads with 48% while Trump lags at 43%. Despite surviving an assassination attempt, which increased voter turnout, the scenario hasn’t changed.

    The Democrats' strength and motivation lie in Biden being replaced by a strong woman. If elected, Kamala Harris will be the first female and even black female president of the US. This is highly motivating, especially for Democrats. While field surveys show this, prediction platforms used by crypto investors, like Polymarket, show Trump leading with 53%.

    However, as mentioned above, Bernstein analysts highlight that Harris’s average 47% vote share seems highly inconsistent with Polymarket data. The key detail here is that despite the Trump factor, the gap isn’t that large in Polymarket predictions involving crypto investors. 43% of crypto investors believe Harris will win the elections.

    A few weeks ago, Coinbase research published reports showing that crypto voters aren’t very political. It mentioned that voters are almost equally divided between the two parties and that Trump’s pro-crypto rhetoric hasn’t yielded the expected results. Of course, there are still months until the election, and decisions can change.

    PolitFi Altcoins

    Biden tokens were sidelined after he withdrew from the race. However, there are quite a few popular altcoins minted in Trump’s name. Additionally, Trump will officially launch a new token named WLFI with his team. Although details are not yet clear, the initial impression of WLFI is amateurish and simplistic.

    MAGA (TRUMP) Token is one of the most popular Trump cryptocurrencies, and after recent polls and bad news about WLFI, its price dropped by more than 15% today. The 96-day loss stands at 82%. Although many tokens have been issued in Harris’s name, none have become as popular as MAGA. Perhaps we will see PolitFi tokens disappear by the elections?

    PolitFi represents an interesting phenomenon at the intersection of politics and cryptocurrency. Various tokens associated with US election candidates show the prevailing sentiments among crypto investors. It will be intriguing to observe how these projects evolve as the elections approach.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Slips Below 73,000 Amid Changing Investor Sentiment

chest

Bitcoin price dipped below 73,000 as investors adjust their exposure amid inflation concerns.

user avatarEmily Carter

Wall Street Firms Build Infrastructure for Institutional DeFi

chest

Wall Street firms are building infrastructure for institutional DeFi, processing over $8 trillion in tokenized repo settlements and enabling on-chain governance for tokenized equity.

user avatarTomas Novak

Ethereum Emerges as Leader in Tokenizing Real-World Assets

chest

Ethereum is becoming the leading platform for tokenizing traditional assets, with significant institutional investment.

user avatarKaterina Papadopoulou

Whale Movement Sparks Brief Relief Bounce for Dogecoin

chest

A significant whale movement of 327 million Dogecoin off Robinhood led to a temporary price bounce.

user avatarLeo van der Veen

Dogecoin's Future Uncertain Amid Cooling Market Trends

chest

Dogecoin's future is uncertain due to a downward trend indicated by its BTC pair, with potential targets around 7 cents, as market analysts highlight the cooling of hype cycles and lack of catalysts.

user avatarMaya Lundqvist

Dogecoin Faces Significant Breakdown as BTC Pair Hits 68-Day Low

chest

Dogecoin's BTC pair has sharply broken down, indicating a bearish trend as it hits a 68-day low.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.