The PolitiFi sector has shown considerable strength this month, with many market leaders exploding.
The second-largest Trump-themed PolitiFi token, MAGA Hat, is up 231%. Meanwhile, traditional meme coins Dogecoin and Shiba Inu are up 41% and 0.4%, respectively.
A new PolitFi project called FreeDum Fighters is also making gains. It’s currently undergoing a presale where it has raised $350K so far.
PolitiFi Tokens Explode In Election Run-Up, Outpacing Meme Coins
Attention has rotated from the general meme coin space to a subsector geared around political figures, coined PolitiFi tokens.
This comes as crypto investors bet on a Trump victory in the election, reflected by predictions market Polymarket data.
A Trump victory is expected to be bullish for crypto, and hundreds of tokens have been created around him.
As mentioned, Trump-related MAGA Hat has been a top performer, pumping 231% this month. However, it’s also up 66% this week, well outpacing most major meme coins.
MAGA Hat is quickly closing the gap on MAGA (TRUMP), which is the market-leading Trump-themed token.
A micro-cap MAGA-themed token, Trump Mania, has also experienced big gains this week, pumping 115%.
Yet, not all PolitiFi tokens have enjoyed such returns. Unsurprisingly, tokens inspired by Trump’s political adversary, Kamala Harris, have seen less growth.
Not only is Harris not a favorite on crypto prediction markets, but she’s also not a favorite in crypto investors’ minds.
Kamala Horris is the leading Harris-inspired token. It’s up 17% this week but remains down 15% this month.
Should Trump notch a victory next week, then Trump-themed tokens will soar.
However, this raises a critical issue for PolitiFi investors: what if Trump doesn’t win?
Trump is light years ahead on Polymarket, but official polls show the race is a coin toss.
The latest data from FiveThirtyEight even shows Harris has a 1.4% lead.
Should Harris win the election, Trump-inspired cryptos would crash.
This Bipartisan Meme Coin ‘FreeDum Fighters’ Offers an Attractive Alternative
Until now, the PolitiFi sector has been as polarizing as the real-world political landscape.
But FreeDum Fighters is offering a refreshing, light-hearted alternative that encapsulates a humorous, mechanized version of both candidates.
This protects from the downside risk of hyperpartisan tokens like MAGA and HORRIS while also removing the ugliness of real-world politics.
FreeDum Fighters holders can stake their tokens in one of two pools: either the patriotic MAGATRON or the justice-seeking robocop Kamacop 9000.
Both pools offer staking rewards based on the number of tokens staked and the real-world performances of each candidate.
This is a fun way for crypto investors to earn free rewards – but it’s not the only way. FreeDum Fighters also has weekly debates where users can earn more $DUM tokens.
These utilities separate FreeDum Fighters from other PolitiFi tokens on the market, offering something more comprehensive than just a simple meme coin.
And that has got traders stoked. The project is undergoing a presale where it has raised $350K, and analysts are saying it could see massive growth after listing on exchanges.
Umar Khan from 99Bitcoins even says it can 100x.
The current FreeDum Fighters presale price is $0.00006, but this will rise throughout the ICO.
The next increase will occur in two days.