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With the US Elections approaching, meme coins linked to political figures are gaining traction, prompting interest in PolitiFi tokens like FreeDum Fighters, Doland Tremp, and MAGA.
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Meme coins centered on political figures have experienced a notable spike in demand in the run-up to the 2024 US Elections.
But will they survive the post-election environment when political discourse returns to a base level? If so, what are the best PolitiFi tokens to buy?
These are the questions on everyone’s minds, and several experts have chimed in.
“PolitiFi has the potential to evolve beyond just meme coins into more serious applications like campaign coins, candidate-specific tokens, and movement-driven cryptocurrencies.” Kyle Kemper, a member of RFK’s Jr.’s campaign, told Cointelegraph recently.
Similarly, Weiss Ratings research editor Jurica Dujmović said: “The fate of these coins will largely depend on their ability to evolve beyond their initial premise and develop tangible utility or foster enduring communities.”
So yes, there is a future for PolitiFi tokens, but only for those who can adapt to the post-election landscape.
With that in mind, here are three PoltiFi tokens to watch.
FreeDum Fighters
As the 2024 US Elections heat up, FreeDum Fighters offers an entirely new look, merging the excitement of meme coins with the increasingly popular blueprint of prediction markets.
The project has just launched a presale today and already raised $100k.
When investors purchase the presale, they can stake their tokens in one of two pools: “MAGATRON” or “Kamalacop 9000.”
Indeed, MAGATRON is inspired by Donald Trump, while Kamalacop 9000 is inspired by Kamala Harris. Based on who has the upper hand in the real world—comprising things like debates and news headlines—those who staked in the respective pool will be airdropped tokens.
Let’s assume Trump is dominating the polls and headlines. Then, those who commit their tokens to the MEGATRON pool will be airdropped tokens.
However, rewards are based on pool demand. Suppose more people contribute to MEGATRON, then the Kamalacop 9000 pool will offer more rewards to maintain balance.
Investors can buy DUM today for $0.00005, but this price will rise throughout the ICO.
Doland Tremp
The Solana ecosystem has proved crypto’s memetic hotbed in 2024. This is reflected in Tokenterminal data, which shows Solana dominating in daily active users.
With that, Doland Tremp is Solana’s leading PolitiFi meme coin, opening it to potentially significant liquidity inflows as attention on the US elections reaches new heights.
Unlike FreeDum Fighters, Doland Tremp does not immediately fit into Dujmović and Kemper’s narrative since it lacks a clear pathway to evolve beyond a meme coin post-election.
That said, its left-curve, light-hearted nature, combined with its frontrunning position on Solana, could provide a tailwind for continued growth alongside other ecosystem tokens.
And in the same article, Kemper highlighted that “Trump’s personality and viral social media moments make him perfect for meme coins.”
The ex-president’s provocative nature means he is always newsworthy, which could keep attention on related meme coins like Doland Tremp.
MAGA
MAGA is the leading PolitiFi meme coin by market cap. This is beneficial for several reasons. Mainly it’s likely to rise in tandem with the broader PolitiFi movement.
That’s because large-cap tokens are well-suited to whale investors thanks to their deeper liquidity. They’re also an easy choice for those new to the space who want exposure without having to dig too deep.
Put differently, TRUMP is a magnet for new capital entering the PolitiFi narrative.
However, MAGA (TRUMP) is tackling real social issues, which could foster a long-term community.
The project’s website leads with: “We’ve raised more funds for U.S. Veterans and Child Trafficking Prevention than any other cryptocurrency on the market.”
Notably, this also aligns with Ethereum Co-Founder Vitalik Buterin’s idealistic vision of meme coins, which he mentioned in a blog post in March titled “What else could meme coins be?”
In the article, Vitalik wrote that meme coins could be “positive-sum and long-lasting” if they focus on charitable initiatives.
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This article first appeared at crypto.news
