With election day looming, Trump-themed tokens are soaring while Bitcoin grapples with volatility and inflation fears...
Bitcoin and major cryptocurrencies faced volatility due to regulatory concerns and inflation pressures
As the countdown to the U.S presidential election intensifies, the competition between candidates Donald Trump and Kamala Harris is heating up. Right now, prevailingand the broader cryptocurrency market have been experiencing. This surge in interest is a sign of the growing optimism surrounding Trump’s electoral prospects, which climbed to a two-month high on Polymarket.Notably, MAGA, the largest of these tokens, surged by 55% over the week, surpassing a market cap of $200 million.
According to the latest update from CoinGecko, the total market cap for PolitiFi tokens hit $819 million after posting a 14.2% hike in just a day.These three tokens emerged as the trending assets in the top PolitiFi coins by market cap. This is a sign of their significant impact on the market, as perHowever, it remained far behind, ranking in the 10th position. It was overshadowed by nine Trump-related memecoins that have been dominating the market.
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