Political tokens are rallying as voters get set for election day tomorrow.
MAGA and TRUMP are leading the way, with their prices rising as investors flock to the PoliFi space.
But it’s not just these two tokens that are surging.
The new FreeDum Fighters project is also seeing increased interest – and has just passed the $410,000 milestone in its ICO.
Trump-Themed Cryptos Surge as Election Hype Builds
The past 24 hours have been explosive for politics-themed cryptos as election day approaches.
MAGA Hat (MAGA) jumped 24% to $0.000199, driven by over $40.4 million in spot volume.
That’s made it the second most traded PoliFi coin after ConstitutionDAO.
MAGA (TRUMP) followed with a 20% rise to $3.73, lifting its market cap past $170 million – more than double MAGA Hat’s.
Other political tokens, like TREMP and STRUMP, are also benefiting from the bullish conditions.
However, KAMA is the only one slipping, likely due to its link to Kamala Harris.
Traders seem to favor Trump-themed tokens, so its branding doesn’t seem to be attracting as much demand.
All in all, with election day just hours away, PoliFi coins are clearly in the spotlight.
Traders are looking to gain exposure while they can – believing these cryptos could rally if Trump wins back the presidency.
Election Buzz & Fed Meeting Fuel PoliFi Sector Excitement
The election buzz isn’t just driving up PoliFi coins.
It’s also prompting wider market excitement that could lead to bullishness across the board.
According to CoinShares, crypto funds saw $2.2 billion in inflows last week alone, lifting the year-to-date total to an all-time high of $29.2 billion.
Bitcoin has been the big winner, drawing most of these inflows.
CoinShares’ head of research pointed out that optimism around a potential Trump win is likely causing this demand for BTC.
If Bitcoin climbs, it’ll likely lift other tokens with it – including those in the PoliFi space.
Alongside election fever, the upcoming FOMC meeting could also shake things up.
The Fed is widely expected to cut rates again.
Crypto investors view rate cuts positively because they make borrowing cheaper, which can lead to more speculative investments.
So, if the Fed lowers rates, we might see even more gains for coins like MAGA and TRUMP.
Trending FreeDum Fighters ICO Hits Major Milestone as Investors Back It To Explode
FreeDum Fighters has also joined the PoliFi rally.
Launched as a satirical take on the US election, this project has already raised $410,000 in its ICO, showing the huge demand for DUM tokens.
Most of the excitement is around FreeDum Fighters’ staking app.
Here’s how it works: Users buy DUM tokens and choose a side – either MAGATRON or Kamacop 9000.
These are robotic characters inspired by Donald Trump and Kamala Harris.
Each character offers its own staking yield, with Kamacop 9000’s pool quoted at 773% per year.
MAGATRON’s pool offers lower yields due to his popularity – but is constantly updated based on the overall sentiment.
Weekly debates keep the excitement going, while there’s also a “Chat with Joe” chatbot for those seeking real-time information on the project.
All of these features combine to create a utility-driven ecosystem.
And investors have taken note, with FreeDum Fighters’ Twitter and Telegram channels exploding in recent days.
The DUM token has even made it onto ICOBench’s homepage.
Underpinning all of this are two audits, from Coinsult and SolidProof, which confirm the integrity of FreeDum Fighters’ smart contracts.
It’s rare that a meme coin conducts one audit, let alone two.
So, with ICO demand surging, there’s a real sense that FreeDum Fighters could be the next big coin in the PoliFi space.
