As the U.S. presidential debate approaches, the PolitiFi memecoin market is expected to experience significant volatility. Analysts warned investors that these politically-themed cryptocurrencies could experience significant price movements as the debate continues.
Background: The rise of political meme coins
In the past few months, a variety of Trump and Biden-themed tokens have appeared in the cryptocurrency market, such as Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP). The market capitalization and trading volume of these tokens have reached millions of dollars, showing the crypto community's high attention to political events.