PolitFi tokens are all the rage right now.
Trump’s comments earlier this year at Bitcoin 2024 in Nashville shook up the market, with his surprise BTC endorsement prompting a surge in political-themed coins.
Now, as election day approaches, these tokens are beginning to see some wild price swings.
Trump’s Bullish Bitcoin Comments Prompt PolitFi Boom
Trump’s endorsement of Bitcoin differed from his earlier suspicion towards crypto.
Addressing a huge audience, the former president disclosed that the US government has quietly accumulated around 210,000 BTC.
That’s 1% of all the BTC that will ever be created.
At the time of writing, the government’s stash of Bitcoin is now worth $15.1 billion.
However, it was his bold policy proposal that truly excited investors: a commitment to establish a “strategic national Bitcoin stockpile” and never sell these holdings.
JUST IN – Trump, if President, pledges to form a Bitcoin Reserve, using 210,000 Bitcoin seized by the Department of Justice, as the core of a new “Strategic National Bitcoin Stockpile.” pic.twitter.com/ucvlyP3BDx
— Disclose.tv (@disclosetv) July 27, 2024
Investors responded enthusiastically to these comments.
Since then, hundreds of new PoltiFi tokens have emerged on different blockchains, many featuring Trump-themed imagery.
These tokens look to tap into the crossover between politics and crypto.
While many remain small-cap projects with huge risk, the sector has multiplied, with the total PolitFi market cap now at $787 million.
Given Trump has vowed to make America the “crypto capital of the world,” there’s every chance this figure could rise even higher.
Election Fever Drives PolitFi Token Rally
There are now just six days before Americans head to the polls, and the crypto market is focused on what could be a massive moment for PolitFi tokens.
Betting markets are increasingly favoring a Trump victory over Harris.
And his crypto-friendly stance has helped boost interest in politically-themed coins.
MAGA (TRUMP) is leading the way and now boasts a market cap of $179 million.
The hilarious Doland Tremp (TREMP) is not far behind – a clever parody of Trump that’s up 22% in the past week.
Even tooker kurlson (TOOKER), a token inspired by the media figure’s ties to Trump, has been gaining traction.
The success of these three PolitFi coins shows the power of speculative buying.
Despite having no actual use case, they’ve outperformed most established altcoins in the past month.
Influencer Crypto in Black believes this trend will continue.
He tweeted yesterday that there could be a “meta shift incoming” – and that it could be the “right time” to buy these coins.
FreeDum Fighters Could Become Top PolitFi Coin By Offering Huge Staking APYs
While most PolitiFi tokens are generating buzz, one project is taking an especially creative approach.
FreeDum Fighters (DUM) has caught attention with its hilarious spin on the political landscape.
It features two rival characters, MAGATRON and Kamacop 9000, battling it out for supremacy.
They form part of the project’s “Vote-to-Earn” setup.
This setup allows DUM token holders to stake in pools aligned with either candidate.
Weekly social media debates also help keep the community engaged, with the winning side receiving airdrops of “government funds.”
These features have helped generate huge demand for DUM in presale.
FreeDum Fighters’ presale has now raised over $350,000, with 6.8 billion tokens sold across several stages.
Those interested in the presale can get involved using a crypto wallet and some ETH, USDT, BNB, or SOL.
Crypto expert ClayBro is excited about DUM’s prospects.
He released a video yesterday to his 130,000+ subscribers, predicting the token could 25x after it hits exchanges.
That would put the DUM price at around $0.0015.
While this is highly speculative, the fact that FreeDum Fighters is already seeing immense growth on Twitter and Telegram suggests it’s possible.
And with the election just days away, this project is worth watching.
Visit FreeDum Fighters Presale
