ββ#Crypto #Trump #MemeToken #Bidenβ
β οΈ Trump vs. Biden: the dangers of the meme-token war
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November 5 is still far away, but the policy of regulating the crypto market and crypto companies depends on the results of the presidential elections - the chances of tightening and easing are approximately equal. The US crypto community is estimated at 46 million citizens or 22% of the adult population - this is a serious pre-election factor.
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The first round of debate is scheduled for June 27, following the G7 summit in Italy and Trump's criminal trial in New York. Such a show always attracts tens of millions of viewers, and it is impossible to avoid discussing crypto issues.
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Political meme tokens became active in the spring of 2024 as a response to the SEC's strict policies. Meme coins cannot be classified as shares - their white paper contains neither new technologies nor investment objectives. The average increase in the value of new coins after launch is 1300%, but this period does not last long.
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The TRUMP token on the SOLANA blockchain increased by 113% following Trump's announcement to accept crypto as donations during the election campaign. At the moment, the token is almost "dead". He was replaced by STRUMP tokens on ETH (1100% growth) and BABYTRUMP, launched at the end of February this year. This BABY is traded on all centralized exchanges.
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Joe Biden is modestly represented by the Boden meme token on SOLANA; since its launch in March, it has grown by 780%, showing confident positive dynamics, but still losing globally to Trump.
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F
or Ilon Musk, the potential host of the presidential debate, the market offered two new coins: OLENMOSK (-86%) and the ELON token (also in the red zone, but has shown a 13% increase over the past week).
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The influx of capital into "political" tokens indicates an increase in bets, specifically on Trump, which may also affect the price of major cryptocurrencies. Speculators are counting on total sales after the first round of debates.
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Do you invest in meme tokens?
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Profits to yβall!