During the U.S. election fervor, meme coins like DOGE, ELON, MAGA, and DJT are capturing attention on social media.
DOGE shows positive sentiment and high liquidity, while ELON, MAGA, and DJT face mixed reactions.
Political themed tokens like MAGA and DJT have seen price surges, reflecting speculative trading trends.
With the latest U.S. election results capturing public attention, meme coins have become one of the most discussed cryptocurrencies on social media. As users discuss these politically themed assets, the prices and trading volumes of leading tokens like Dogecoin (DOGE), Dogelon Mars (ELON), MAGA (TRUMP) coin, and TrumpCoin (DJT) have soared.
Source: X
According to data from Santiment, Dogecoin (DOGE) leads with positive crypto sentiment, while ELON, MAGA, and DJT reflect different reactions, with a significant portion of sentiment leaning negative.
Besides DOGE, tokens like FWOG, SHIB, and BTC are also gaining attention on social platforms, displaying different emotional patterns. The sentiment for DOGE remains generally positive, while ELON, MAGA, and DJT show a broader public opinion.
Dogecoin (DOGE) prices surged after the market downturn.
Dogecoin (DOGE) has seen a significant increase, rising 19.58% over the past week to 0.209 USD. This increase is attributed to a market cap growth of 28.13%, now reaching 30.66 billion USD.
DOGE's trading activity has also surged, with a 24-hour trading volume increase of 187.17%, totaling 8.09 billion USD. A 26.22% trading volume to market cap ratio reflects Dogecoin's strong liquidity and trading interest.
The volatility of MAGA (TRUMP) tokens has increased.
Another popular politically themed token, MAGA (TRUMP), saw its price increase by 28.31% over the past day, reaching 4.37 USD. This increase led to a market cap growth of 24.73%, currently reaching 192.06 million USD.
MAGA's trading volume increased by 112.47%, indicating enhanced liquidity. The price trend shows an initial steady rise, a brief decline, and then a rapid rebound, highlighting the volatility often seen with meme coins.
TrumpCoin (DJT) surged significantly this week.
TrumpCoin (DJT) rose by 202.45% over the past week, reaching a price of 0.0008399 USD. This increase is part of the general rise in politically themed token activity.
Despite the surge in TrumpCoin's price, its market capitalization remains at 8.3 million USD, with a 24-hour trading volume increase of 15.40%. The volume-to-market cap ratio is 17.47%, indicating an active market and strong liquidity.
Dogelon Mars (ELON) rose by 15.50% daily, reaching a price of 0.0001506 USD. Meanwhile, the market cap remains stable at 82.78 million USD, with trading volume surging by 129.52% in the past 24 hours, indicating continued interest in the token.
