Cryptocurrency and the U.S. presidential election are really lively during this period! With less than a week left until the election on November 5th, our crypto users also have a place in this election. According to data from Triple A, about 15.5% of Americans will hold cryptocurrency in 2024, which is about 51 million Americans participating, a number greater than the total population of African Americans, which is truly remarkable, second only to Hispanic Americans. Because of this, cryptocurrency has become a focal point in this election, especially since Trump keeps introducing some crypto-friendly policies.
As a result, the price of DOGE has become closely linked to the presidential election, which is really interesting! Its current market capitalization has reached $2.55 billion, with a 48% increase in the last 14 days.
Now let's take a look at the $People token. You may not know that this token has no direct relation to any candidate but is issued by ConstitutionDAO. This organization once tried to raise funds to bid for a rare copy of the U.S. Constitution, raising 6,000 ETH, which is about $40 million. Although they ultimately did not succeed in the bidding, the holders of the People token still retained their tokens and continued to carry out other projects, which is truly an interesting story. Its current market capitalization is $386 million, with a 7.6% decrease in the last 14 days.
Then let's look at some small market cap coins, like $MAGA and $KAMA. MAGA is an abbreviation for 'Make America Great Again', and its price trend is closely related to Trump's approval ratings. It has performed quite well recently, with a current market capitalization of $101 million, showing an 83% increase in the last 14 days. If you believe Trump has a great chance of being elected, this token can be considered a relatively safe choice.
In summary, if Trump is elected, it could bring favorable conditions for the cryptocurrency market, such as Bitcoin. Although it may face price adjustments in the short term, in the long run, crypto-friendly policies will create a more stable investment environment and lasting benefits for the market.