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Trump’s Victory Sparks Massive Gains for Top Tokens

Andras Crow-Hreidar by Andras Crow-Hreidar
November 19, 2024
in Crypto, News
Reading Time: 3 mins read
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The recent U.S. presidential election victory for Donald Trump has thrust political-themed meme tokens into the limelight. As these tokens experience significant price volatility, the broader cryptocurrency market is in the midst of a major bull run. The pioneer cryptocurrency, Bitcoin, has reached a new all-time high of $93,400, propelling the global crypto market cap to an impressive $3.06 trillion. Concurrently, PolitiFi coins have experienced a surge in their total market cap, reaching $2.09 billion.

Top 5 Largest PolitiFi Coins

1. Peanut the Squirrel (PNUT)

blockdag 70m

Leading the PolitiFi coin market is Peanut the Squirrel (PNUT), boasting a market cap of $1.71 billion. In the past week, PNUT has surged by an astonishing 261%, trading around $1.71. The tragic death of Peanut, deemed a “murder” by many, shocked the internet and propelled the coin to prominence. Backed by influential figures like Elon Musk and Donald Trump, the coin’s value skyrocketed to $1.9 billion, securing its place among the top 70 cryptocurrencies.

2. ConstitutionDAO (PEOPLE)

In second place is ConstitutionDAO (PEOPLE), with a market cap of $325.6 million and a current price of $0.0644. PEOPLE has witnessed a remarkable 494.3% rise in value this year. Initially launched to bid for an original copy of the U.S. Constitution in 2021, the project ended after losing the auction but has maintained a strong presence in the PolitiFi token ecosystem.

3. MAGA (TRUMP)

Holding the third spot is MAGA (TRUMP), with a market cap of $62.9 million, despite a 16.91% drop in the past week. The token reached its peak at $789.8 million in June and has still achieved an impressive yearly gain of 1,350.9%.

4. MAGA Hat (MAGA)

Fourth on the list is MAGA Hat (MAGA), with a market cap of $24.5 million. Although it recently dropped from nearly $50 million, its value spiked when Trump secured his second presidential term. The coin hit an all-time high of $232.4 million in May, mirroring MAGA (TRUMP).

5. Super Trump Coin (STRUMP)

Finally, Super Trump Coin (STRUMP) holds the fifth position with a market cap of $4.1 million. It has experienced a 50% drop in the past week, which experts attribute to waning enthusiasm following Trump’s victory.

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Top Gainers In 24 Hours

Crypto Emperor Trump (TRUMP):

With a staggering 538% gain, Crypto Emperor Trump (TRUMP) has emerged as one of the top gainers.

Triumph Of MAGA (MAGA):

Experiencing a 206% gain, Triumph Of MAGA (MAGA) continues to attract attention in the crypto market.

MAGA (PEOPLE):

With an impressive gain of 118%, MAGA (PEOPLE) remains a strong contender among PolitiFi tokens.

PEPE (TRUMP):

Registering a 90% gain, PEPE (TRUMP) showcases notable growth in recent trading sessions.

Donald J Trump (DJT):

Donald J Trump (DJT) saw a commendable 39% gain, reflecting its popularity among investors.

Top Losers

TRUMP MEME:

With a dramatic drop of 100%, TRUMP MEME faces significant challenges in the market.

TRUMP AI:

Experiencing a drop of 63.65%, TRUMP AI has seen better days in the crypto landscape.

Trump ERA:

With a 52% decline, Trump ERA is navigating through a period of reduced interest.

Chief D.O.G.E (CDOGE):

Seeing a drop of 38%, Chief D.O.G.E (CDOGE) is currently facing market headwinds.

Department OF Gov Efficiency (DOGE):

Reflecting a decline of 35.65%, the Department OF Gov Efficiency (DOGE) is experiencing a downturn.

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This enriched content includes proper HTML headings and expanded details to enhance SEO compatibility while maintaining the focus on political-themed meme tokens within the cryptocurrency market.

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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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