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The Trump Effect: Public Interest Rises in PolitiFi Tokens Like DUM
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With Donald Trump’s victory in the 2024 US elections, tokens aimed at the political sector (PolitiFi) once again stood out. In fact, tokens linked to Trump himself registered strong rises, but then fell by more than 50%.
This sharp drop caught many investors by surprise, worrying holders about their future. However, the success of the elections and Trump’s victory could keep the sector alive and cause new valuations.
Furthermore, the PolitiFi sector is full of new opportunities in pre-sales, where the earning potential is greater and volatility is greatly reduced. One of the most promising tokens of this cycle is DUM, from the FreeDum Fighters platform, which precisely emulates the dispute between Trump and Kamala Harris, won by the Republican.
With Donald Trump’s victory, the biggest impact was on the price of Bitcoin, which reached a new all-time high of US$76,460.15 on Wednesday (06). But Trump’s memecoins have plummeted a lot.
Token drop is temporary
There are four Trump coins to buy, MAGA (MAGA), MAGA (Trump), Dark MAGA (DMAGA) and Super Trump (STRUMP), and all have seen declines.
The TRUMP token reached an all-time high of US$4.60 on November 6th, but fell to US$2.22 a few hours later. The MAGA token reached US$0.0002048 before falling to US$0.00009533 this Thursday (07).
The biggest drop hit DMAGA, which rose to US$0.02034, which was very close to its historic high of US$0.0232. However, the token later dropped to $0.005401, disappointing its holders. Last but not least, the same is STRUMP, which is now worth $0.002345 despite peaking at $0.0084.
Overall, all Trump memecoins have seen a big change in the last few hours. This does not mean that these tokens missed the market rally, but rather that there was a natural market correction. Interestingly, they were the first to appreciate, which explains the current correction.
According to Arkham, PolitiFi tokens continue to be successful, including in Trump’s wallet. Data shows that the US president-elect holds $1.33 million in TRUMP tokens. This means even the billionaire faces a downfall 27.3% on the value of your memecoins
However, this could be a temporary consolidation, which happened after its sudden rally following Trump’s victory. And as the president announces his team, factors like this could lead to PolitiFi tokens soaring.
The Trump Effect: Public Interest Rises in PolitiFi Tokens Like DUM
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The Trump Effect: Public Interest Rises in PolitiFi Tokens Like DUM
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The Trump Effect: Public Interest Rises in PolitiFi Tokens Like DUM
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The Trump Effect: Public Interest Rises in PolitiFi Tokens Like DUM
