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

Trump-Themed Meme Coins Experience Surge: What are the Causes and Prospects?

by

3 hours ago

Meme coins themed around former U.S. President Donald Trump are experiencing substantial gains as his odds of winning the 2024 election increase. This surge is part of a wider interest in political-themed tokens.

Token Value Rise

Trump-themed coins like MAGA Hat, Super Trump, and Doland Tremp have sharply increased in market valuation. MAGA Hat rose by 23.8%, reaching $68.7 million. Super Trump climbed by 31.9%, while Doland Tremp's market cap rose by 20.4% to $36.1 million.

Impact of Political Climate

The rise in these tokens' popularity is linked to Trump's increasing election odds for 2024. According to Polymarket, his chances are pegged at 59.7% compared to Kamala Harris' 40.1%. Furthermore, the launch of the Trump-endorsed WLFI token has drawn attention to political-themed tokens.

Future Prospects of Tokens

Meme coins often gain traction around political events but may lose relevance afterward. Their long-term future is uncertain, especially given their value may depend on Bitcoin's movements.

Political-themed tokens like those related to Trump show short-term gains, but their long-term sustainability remains in question. Attention to such tokens may resurface with changes in the crypto market landscape.

0

Share

Other news

Rollblock Gains Momentum, Promising to Surpass Ethereum and Solana

Rollblock is rapidly growing in the GambleFi sector, set to surpass Ethereum and Solana by 2025.

a minute ago

Jay Hao's New Role at CIFDAQ as COO

Jay Hao, ex-CEO of OKX, appointed COO at CIFDAQ. What plans does he have in his new role?

2 minutes ago

Radiant Capital Hacked with Losses Exceeding $50 Million

Radiant Capital was hacked resulting in losses beyond $50 million, affecting Binance and Arbitrum networks.

2 minutes ago

WazirX: Disclosure of 240,000 Wallets as a Step Towards Transparency

WazirX exchange to disclose 240,000 user wallet addresses following Singapore court orders.

3 minutes ago

Deepbook TGE Launch: How $DEEP Ignites the Sui Ecosystem

Launched on Sui, the $DEEP token saw a 3x surge post-TGE, drawing attention to Deepbook and its capabilities.

3 minutes ago

How Regional Conflicts Might Increase Bitcoin's Market Value

Iranian miners and rising oil prices: How Middle Eastern conflicts affect the cryptocurrency market.

4 minutes ago

dapp expert logo
© 2020. DappExpert. All rights reserved.
© 2020. DappExpert. All rights reserved.

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.