The Trump-Biden conflict stirred up those memecoins!

The Memecoin market has gained volatility amid the Donald Trump-Joe Biden feud.

TRUMP, the first major token in the PoliFi (political memecoins) space, traded around $8.5 at 07:56, down 0.5 percent on a 24-hour basis. According to crypto data platform Coingecko, Solana-based TREMP fell 7.2 percent to $0.74. BODEN, another Joe Biden-themed memecoin, fell by 16 percent to $0.13.

Crypto investors will be following developments closely as Trump has expressed his support for #Bitcoin miners and prioritized digital assets in his presidential campaign. Therefore, crypto is now considered a trading activity of Trump. Standard Chartered expects $BTC to experience a record rise to $150,000 with Trump's potential victory.

Biden, meanwhile, has remained mum and asked federal agencies to explore risks and opportunities, including the potential launch of a central bank digital currency managed by the Fed.

“Ahead of the first presidential debate, crypto investors will be carefully watching the effects of the November election on Bitcoin,” Neil Roarty, an analyst at investment platform Stocklytics, said in an email to CoinDesk.

“The consensus of the crypto community is that Trump's victory will be positive for the industry. “Aside from its vocal support, Bitcoin has tended to perform well during periods of political and economic uncertainty, and a second #Trump presidency would likely see more of both,” Roarty added.