July has proved a busy month for the crypto markets, helped in no small part by the industry becoming a bipartisan issue in the United States.
This birthed a new sector of crypto assets called PoltiFi, but now that the Olympic Games is approaching, are we about to see another trend emerge?
PolitiFi Landscape Heats Up After Trump Picks JD Vance as Running Mate
July has been a pivotal month in the U.S. political climate.
An assassination attempt on Trump forced his opposition party to rethink its political strategy, and Trump’s likelihood of regaining the presidency soared as a result.
Trump has been a vocal crypto advocate this year and is expected to talk at the Bitcoin conference in Nashville in July.
And adding to his pro-crypto approach, Trump has just picked JD Vance as vice president, should he win the election.
Vance is the first known Bitcoiner vice presidential candidate. It is rumored he holds $250K worth of the market-leading asset.
With crypto as the epicenter of a U.S. presidential campaign, PolitiFi tokens, which pay homage to political figures, have thrived.
Market-leading project MAGA shot up 50% after Trump’s assassination attempt, and other projects have also come to fruition.
For instance, “Super Coin Trump” has soared 49% this week, and Maga Pepe is up over 300%.
Activity has also been ramping up on the decentralized predictions market, Polymarket.
On this platform, users can bet on the outcome of real-world events, and the presidential elections have been a hot topic.
CoinDesk recently reported that the outfit is growing exponentially, taking over $265 million in election bets.
But as the PolitiFi narrative continues to gain steam, there’s another worldly event taking place in July – and traders are cashing in.
That is the Olympic Games.
Dogecoin was the first cryptocurrency to make a name for itself at the Olympics, raising $30K in 2014 to send the Jamaican bobsled team to the Sochi winter event.
This time around, numerous projects are vying for the attention of the estimated 1 billion- strong audience that will watch the Olympics.
BNB Chain is celebrating the sporting event with a $250K giveaway.
Other projects like Olympic Doge are trying to emulate Dogecoin’s 2014 success.
But the crypto that could cause the biggest splash is The Meme Games.
It looks poised to become the official Olympic meme coin, and investors can currently snag it at presale. Let’s take a closer look.
The Meme Games Raises $140K in Presale, Analyst Predicts 100X
Talk about quick off the mark – The Meme Games raised over $100K in 24 hours.
Now, with its total raise sitting north of $140K, it’s clear that investors are keen to get their hands on $MGMES early.
The project features five iconic meme coins: Pepe, Doge, Brett, Turbo, and Dogwifhat. Each has distinct characteristics and strengths.
When users buy the presale, they can try to predict which will win a virtual “169-meter dash.”
If they choose the winner, they get an extra 25% bonus on their presale investment.
The project’s team has also developed a staking mechanism that provides a 2,300% APY.
However, the APY will decrease over time, so those seeking the biggest returns must act quickly.
With the Olympic Games beginning in one week, analysts are flooding to its official meme coin.
The 99Bitcoins YouTube channel predicts $MGMES could do a 100x.
“I think we’ve got a meme season coming very soon. The Meme Games has raised $122K in a day… people are FOMOing in,” said the analyst.
Currently, investors can buy $MGMES for $0.009, but this will rise as the presale advances. The first increase will happen in two days.
