The cryptocurrency market witnesses a cyclical shift in asset popularity, with Metaverse, NFT tokens, and AI altcoins leading the current trends. The decline of interest in new meme coins contrasts with the enduring appeal of Trump Coin and similar options. Enter the era of 'PolitiFi,' where political elements influence the decisions of cryptocurrency investors. Following the epochs of DeFi, NFTs, and Metaverse, a new wave of popularity surrounds politicians' cryptocurrencies, creating buzz, capturing headlines, and experiencing exponential growth. Recent events, such as the rapid devaluation of a meme coin post-Trump's legal troubles, illuminate the transformation of these assets into tools for political analysis, campaign financing, and speculative betting. As the 2024 US Presidential elections loom closer, the PolitiFi sector is poised for increased activity, trading volumes, and price fluctuations in the build-up to November. Exchanges are likely to integrate these political tokens alongside fan tokens and emerging meme coins to tap into the election-induced market dynamics.
Navigating the Impact of Politics on Cryptocurrency Trends
by Giorgi Kostiuk
2 years ago
Other news
Geopolitical Events Impacting Cryptocurrency Market Sentiment
Investors are closely monitoring geopolitical events, including a meeting between Ukrainian President Zelensky and US President Trump, which may influence market sentiment.
Kraken Submits Confidential S1 for $20 Billion IPO
Kraken has submitted a confidential S1 registration statement to the SEC for an IPO, aiming for a valuation of $20 billion after securing $800 million in funding.
ZenLedger Emerges as Leading Crypto Tax Software
ZenLedger has positioned itself as a top solution for managing cryptocurrency taxes, offering a comprehensive dashboard for portfolio monitoring and tax calculations.
ZenLedger Introduces Comprehensive Tax Calculation Features
ZenLedger automates tax calculations and generates necessary tax forms, making it easier for traders to comply with tax regulations.
ZenLedger Offers User-Friendly Onboarding Experience
ZenLedger provides a straightforward and secure onboarding process for users, allowing easy account creation and wallet integration.
Mortgage Underwriting Standards Evolve to Be More Inclusive
Fannie Mae has removed rigid minimum FICO score requirements, allowing more borrowers with lower credit scores to qualify for loans based on their overall financial health.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter