PolitFi Meme Coins Pump As Donald Trump’s Lead On Polymarket Reaches New High
The odds of a Donald Trump victory are soaring on Polymarket, as are Trump crypto coins.
The former President’s odds of winning the Presidential elections in November are now up to 55% according to Polymarket bettors, as high as they have ever been against Democratic Vice President Kamala Harris.
Unsurprisingly, PolitiFi meme coins supporting Trump are also skyrocketing in value.
Other new meme coins are also in high demand, including Neiro Ethereum, Mother Iggy, Crypto All-Stars and Memebet Token.
Will Donald Trump Win?
Donald Trump is undeniably the pro-crypto candidate in the upcoming US Presidential Elections, even as Kamala Harris has distanced herself from President Joe Biden’s anti-crypto stance.
Trump has promised to fire SEC Chairman Gary Gensler on day one, establish a Bitcoin Strategic Reserve and make the US the crypto capital of the world.
Market analysts are anticipating a strong bull rally in the event of a Trump victory. But will he win?
Polymarket odds appear to be favouring the Republican, now standing at an all-time high of 55%. He is faring even better in swing states, currently leading 6 of the 7 battleground states, including the all-important Pennsylvania.
However, there is a substantial difference between the Polymarket odds and election polls.
For instance, FiveThirtyEight gives Harris a 55% chance of victory, meanwhile, Nate Silver’s model gives her a 53-47 edge.
#Latest @NateSilver538 Forecast:Chance of winning: Harris 53%Trump 47%.Electoral votes:Trump 277.5Harris 260.5https://t.co/t2BOJDEXdr https://t.co/AUpnS0ZZra pic.twitter.com/jE2E3NG6vX
— Political Polls (@Politics_Polls) October 10, 2024
The US Presidential Elections remain a tossup, with all swing states too close to call. A few analysts believe that this could be one of the key reasons behind Bitcoin’s choppy price action over the past few months.
Trump Crypto Coins Soar – Are They a Good Investment?
MAGA (TRUMP) – the largest PolitiFi coin – is up by over 60% in the past week after a 14% daily candle today. The meme coin now has a market capitalization of $223 million.
Similarly, MAGA, Super Trump Coin and Doland Tremp prices are also up by double digits, thanks to the former President’s growing lead on Polymarket.
However, these meme coins do not offer any utility and are indistinguishable from pump-and-dump tokens.
With the race to the White House extremely close, buyers investing in these projects now would be undertaking a massive risk, especially in the event of a Harris victory.
It is, therefore, no surprise that smart money investors appear to be favouring high-utility meme coins.
Best Meme Coins To Buy
A new meme coin – Crypto All-Stars (STARS) – is in high demand, owing to its utility-driven nature.
The project is set to launch MemeVault, the first-ever multi-token staking protocol. It will accept 12 meme coins – including STARS – and offer attractive passive income to stakers. Investors staking STARS will receive thrice the rewards.
STARS presale buyers can also benefit from the secondary staking model, which is currently offering an APY of over 600%.
Owing to its unique value proposition, prominent crypto investors are quite bullish on the project, with some even calling it the next 100x crypto. The strong demand for the meme coin is already evident in its presale, considering it has raised over $2.1 million in a few weeks.
Another high-utility presale crypto – Memebet Token (MEMEBET) – has raised over $400k in presale investments.
MEMEBET is the native crypto of the Memebet Casino, the new regional sponsor of the Argentina National Football Team.
This Telegram-based casino is the first that allows users to participate using top meme coins, including Dogecoin, Shiba Inu and Pepe.
With GambleFi projects in high demand this bull cycle, some prominent traders are aiming for up to 50x returns with Memebet Token.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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