In 2024, PolitiFi coins exhibited impressive growth, significantly outpacing the overall memecoin market. However, despite such growth, they remain a small part of this market.
High Growth of PolitiFi coins
In 2024, PolitiFi coins increased by 782.4%. While the memecoin market grew only by 90.2%, PolitiFi’s share of the total memecoin market cap is just 1.5%. As of August 25, the value of PolitiFi coins stands at $680.8 million. In comparison, on June 16, the market cap was $1.6 billion, which accounted for 3.3% of the market.
Leading PolitiFi coins
The current leading PolitiFi coin is ConstitutionDAO (PEOPLE) with a market cap of $385.66 million. Its value has risen by 494.3% since the beginning of the year, starting from $64.9 million. Other significant coins include MAGA ($TRUMP) with a market cap of $178.95 million and MAGA Hat ($MAGA) with $35.5 million. MAGA Hat’s growth has been 1,292.1% since its launch in May 2024.
Impact of Political Events
The growth of PolitiFi coins is clearly linked to political events in the USA. For instance, MAGA ($TRUMP) peaked at a market cap of $789.8 million during Donald Trump’s legal issues. Political events have a significant impact on the value of these coins, making the PolitiFi market highly volatile and interesting for both investors and political enthusiasts.
Despite the high growth of PolitiFi coins in 2024, their share in the overall memecoin market remains small. However, the focus on political events and the considerable fluctuations in the value of these coins make PolitiFi coins an important and intriguing part of the crypto market.
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