5 Politifi Tokens to Keep an Eye on as We Approach the November Elections

The USA Election campaigns are heating up and along with them are Politifi Tokens that ride the hype. Electioneering years are filled with market

The USA Election campaigns are heating up and along with them are Politifi Tokens that ride the hype. Electioneering years are filled with market volatility as most markets are influenced by regulatory agencies, which, by extension sway to the tune of politicians. Donald Trump has particularly become vocal about cryptocurrencies, promising to support and adopt them if he wins the elections. Taking advantage of the political hype, here are 5 politifi tokens to keep an eye on as we approach November.

1. ConstitutionDAO (PEOPLE)

ConstitutionDAO came to life after the crypto community decided to buy the United States Constitution. Through crows funding in the form of the PEOPLE token, the project raised $42 million.

However, ConstitutionDAO lost the auction to a higher bidder, bringing the project to an end. However, some of the contributors did not want to redeem their tokens for ETH, and the project lived on.

The PEOPLE price is $0.0867, which represents a 0.4% increase in the last 24 hours. The asset is down 21% on the last week and the price chart suggests further downside in the coming days as the next zone support lies around $0.05 and $0.025.

PEOPLE is currently sitting at a $440 million marketcap with a $131 million 24-hour trading volume. ConstitutionDAO is also the largest politifi token by market cap and promises even bigger gains due to its decentralized nature.

2. Trumpcoin (DJT)

Trumpcoin is a fairly new politifi token that launched on Solana a few days ago. The creator was anonymous at the beginning, but when Arkham Intelligence announced a $150,000 bounty on the developer’s identity, on-chain sleuths rushed to claim it.

ZachXBT was the first to uncover the identity of the creator – Martin Shkreli. From Zach's report, Shkreli had some of his friends buy the token before the news came out that it was associated with Donald Trump.

Aside from this DJT’s liquidity is locked and, in the event of a Trump win, the token might surge in price. After the news of insider trading broke out, the token crashed in price. However, the token is recovering and is hovering around $0.0195, a 65% increase in the last 24 hours.

Martin has accepted responsibility for creating the token and has also claimed it was a project between him and Barron Trump. However, there is no proof to support his claim.

3. MAGA Hat (MAGA)

MAGA hat is another Trump-based meme coin created on the Ethereum network and inspired by Trump’s hat.

The token is up 59% in the last 30 days signifying the growth behind it. Sitting at $90 million market cap, MAGA has a whopping $68 million worth of trading volume across exchanges.

MAGA price is $0.0002218 and although it's 69% down from the all-time high price, there is strong support around the $0.00017 area. This support level has been tested three times in the past three weeks, making it relatively strong, considering the market volatility during that period.

4. MAGA (TRUMP)

MAGA is probably the next legitimate politifi token after ConstitutionDAO. Although the project has faced harshness from Centralized exchanges due to it being “too political”, the meme coin has remained the second largest political-based token by market cap.

MAGA charges 1% on all buys and sells on decentralized exchanges, and donates the proceeds to American veterans and Child Trafficking Prevention.

TRUMP price is trading at $6.97, a 15% drop in the last 24 hours. The entire politifi token niche, and also the majority of the meme coins have taken a hit recently. Nevertheless, during a recovery, TRUMP may be among the best performers.

TRUMP price chart sports a heavy support around the $4 area that may keep the price from falling any lower.

5. Doland Tremp (TREMP)

Yet another Trump-based meme coin sitting at a $50 million market cap, TREMP lives on the Solana network. The token recently hit an all-time high after Kraken announced it was going to list the token on the Kraken Pro platform. TREMP can also be found on Huobi, a tier 2 centralized crypto exchange.

TREMP is currently on a downtrend, trading around $0.49. The asset has dropped from a high of $1.37 established on June 6 and is down 26% on the daily. Relatively strong support exists around $0.25, from which TRUMP price may bounce back and reclaim the previous highs.

Bottom Line

News source：https://www.kdj.com/cryptocurrencies-news/articles/politifi-tokens-eye-approach-november-elections.html

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