Keep an eye out for these memecoins:
Short-term movement might occur. The memecoin market has started to move as the US presidential election approaches. The bitcoin market is still impacted by the US presidential election, which is scheduled for November 5.
Bitcoin had surged to $72,500 due to Donald Trump's lead on the decentralized prediction platform Polymarket. But later, when Kama Harris closed the gap, Bitcoin saw a precipitous drop. Declines were more pronounced, particularly in cryptocurrencies.
1. MAGA (TRUMP) One day prior to the election, MAGA, the primary moniker of PolitiFi coins, has resumed operations. MAGA surpassed a market value of $150 million after rising 14.59 percent over the previous day. The parity will become more volatile if Donald Trump wins the presidency. The concept of "buy the expectation - sell the reality" is what investors should focus on. In other words, once the election is over, selling pressure on MAGA can intensify.
2. Horris Kamala (KAMA) With the collapse of KAMA, Kamala Harris, who is once again becoming stronger in Polymarket, shocked her investors. KAMA dropped to a market value of $16 million after losing 16.28 percent during the previous day. It appears that the pressure to sell will rise inIt seems that selling pressure will increase in the parity if Harris loses the election race.
3- Super Trump Coin (STRUMP)
Another memecoin with a Donald Trump theme, STRUMP, left its mark on the day with a 47.91 percent increase in the last 24 hours. STRUMP, which made a difference not only to memecoins but also to the altcoin market in general, reached a market value of $ 14 million. In addition, PolitiFi coin, which is approaching $ 1 million in trading volume, gave confidence to its investors.
