PolitiFi Coins Pump 782.4% Year to Date, Outperforming Broader Meme Coins Category
PolitiFi coins pumped 782.4% year to date, outperforming the broader meme coins category, which rose by 90.2% in the same period.
PolitiFi coins, also known as politics finance, have seen a massive surge in 2024, outpacing the broader memecoin market by a significant margin. According to CoinGecko, PolitiFi coins have seen an impressive growth of 782.4% year to date, compared to the broader meme coins category, which grew by 90.2% in the same period.
This rapid growth is fueled by the increasing attention to US politics in the crypto space. PolitiFi coins, which are typically memecoins that are affiliated with a particular political movement or figure, are designed to capitalize on this attention and ride the wave of political enthusiasm among crypto enthusiasts.
As of August 25, PolitiFi coins are valued at $680.8 million, which still only comprises a small portion of the overall memecoin market. With a market cap of $45.6 billion, PolitiFi coins account for just 1.5% of the total.
Back in June 16, PolitiFi coins had an aggregate market capitalization of $1.6B, which constituted 3.3% of memecoins.
The statistics were provided by CoinGecko in its latest report, highlighting the changing dynamics of the memecoin market and the emerging role of PolitiFi coins in this landscape.
ConstitutionDAO (PEOPLE) Leads PolitiFi Coins with $385M Market Cap
Among the various PolitiFi coins, ConstitutionDAO (PEOPLE) currently holds the top position with a market capitalization of $385,660,105. Since the beginning of the year, this coin has seen a significant rise from its initial value of $64.9 million, surging by 494.3%.
ConstitutionDAO was initially launched in early November 2021 with the aim of purchasing an original copy of the U.S. Constitution at a Sotheby's auction. However, the effort ultimately failed as another bidder, ultimately revealed to be hedge fund billionaire Ken Griffin, won the auction with a bid of $43.2 million.
Following this setback, ConstitutionDAO was disbanded and its members voted to return the funds to their original donors. Despite being shut down, the coin still remains in the second position within the PolitiFi market.
The second largest PolitiFi coin is MAGA ($TRUMP) with a market capitalization of $178,946,608, also showing an impressive rise from the initial market cap of $12,281,340 recorded as of January 2024. This particular crypto reached its all-time high of $789.8 million on 1st June when Donald Trump was charged with hush-money payments. After that, MAGA ($TRUMP) increased by, 22.3% to achieve its highest point.
MAGA Hat Surges 1,292%, Reaches $35.5M Market Value
The third largest PolitiFi coin is MAGA Hat ($MAGA) which has a market value of $35.5 ml. Since its launch in May 2024, it has grown by 1,292.1% from the initial market cap of $2.6 million, reaching as high as $232,400,000 on 29th May at its all-time high.
An increase in the population of PolitiFi coins is due to increased attention to the politics of the United States in the cryptosystem. The significant fluctuations in their values reflect the strong impact of political developments on their performance. Some of these coins are made for keeping it as a meme while others use the earnings from it to fund political agendas.
Since PolitiFi coins rely closely on political events, specific events such as Trump’s election win and legal battles, dramatically affected the value of the PolitiFi coins.
As political events continue to influence the market, PolitiFi coins are expected to remain a turbulent yet exciting territory for both investors and political enthusiasts.
The above is the detailed content of PolitiFi Coins Pump 782.4% Year to Date, Outperforming Broader Meme Coins Category. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Contents 1. What is ICN? 2. ICNT latest updates 3. Comparison and economic model between ICN and other DePIN projects and economic models 4. Conclusion of the next stage of the DePIN track At the end of May, ICN (ImpossibleCloudNetwork) @ICN_Protocol announced that it had received strategic investment in NGPCapital with a valuation of US$470 million. Many people's first reaction was: "Has Xiaomi invested in Web3?" Although this was not Lei Jun's direct move, the one who had bet on Xiaomi, Helium, and WorkFusion

Dogecoin has gone through multiple price stages and key nodes from 2015 to 2025. 1) The average price in 2021 is US$0.20, with a maximum of US$0.73, a historical high; 2) The average price in 2022 is US$0.08, continuing the bear market; 3) The average price in 2020 is US$0.0026, and the year-end rises and starts a bull market; 4) The average price in 2023 is US$0.063, and the whole year is fluctuating and adjusting; 5) The average price in 2017 is US$0.002, and the year-end rises to US$0.017; 6) The average price in 2018 is US$0.003, which falls throughout the year; 7) The average price in 2019 is US$0.0025, which is consolidated at a low level; 8) The average price in 2015 is US$0.00015, and the transaction is deserted; 9) The average price in 2024 is US$0.084, which is low

Currency circle contract trading is a derivative trading method that uses a small amount of funds to control assets with larger value. It allows traders to speculate on the price trends of crypto assets without actually owning them. Entering the contract market requires understanding its basic operations and related concepts.

Bitcoin contract trading attracts numerous participants, which provides opportunities to leverage for potentially high returns. However, the inherent risk of contract trading lies in forced closing of positions, commonly known as "losing of positions". A liquidation means that the trader's position is forced to close due to the loss of margin, which often loses most or even all of the initial margin. Understanding how to set up a liquidation warning and mastering skills to avoid forced liquidation is crucial to managing contract trading risks.

The latest official version of the virtual currency trading platform v6.129.0 is a professional and secure digital asset trading application created for Android users. It provides rich market conditions, convenient trading functions and multiple security protection, and is committed to providing users with a first-class trading experience.

The Virtual Currency Exchange APP is a professional digital asset trading application, providing users with safe and convenient digital currency trading services. The new v6.129.0 version has upgraded the performance and operation experience, aiming to bring a smoother trading experience.

Recently, the total market value of the cryptocurrency market has exceeded US$3 trillion, arousing widespread attention and optimism. Such a scale shows that digital assets are gradually being recognized by more investors and institutions, and the market popularity continues to rise.

There is no legal virtual currency platform in mainland China. 1. According to the notice issued by the People's Bank of China and other departments, all business activities related to virtual currency in the country are illegal; 2. Users should pay attention to the compliance and reliability of the platform, such as holding a mainstream national regulatory license, having a strong security technology and risk control system, an open and transparent operation history, a clear asset reserve certificate and a good market reputation; 3. The relationship between the user and the platform is between the service provider and the user, and based on the user agreement, it clarifies the rights and obligations of both parties, fee standards, risk warnings, account management and dispute resolution methods; 4. The platform mainly plays the role of a transaction matcher, asset custodian and information service provider, and does not assume investment responsibilities; 5. Be sure to read the user agreement carefully before using the platform to enhance yourself