PolitiFi Tokens Rally as Trump-Biden U.S. Presidential Debate Nears

  • Trump is set to face Biden in the 2024 presidential debate in Atlanta tonight.
  • PolitiFi tokens tied to Donald Trump performed better than those tied to Joe Biden.
  • There are open bets on Polymarket on what Trump will say tonight.

The debate between Joe Biden and Donald Trump has been set in stone. It will take place in Atlanta tonight, Thursday, June 27, 2024. Trump and Biden last debated each other on October 22, 2020, as part of that year’s presidential race.

Tonight’s debate has a good chance of becoming US history’s most fateful presidential debate. As the preparations kick in, PolitiFi tokens have surged, some in double digits.

PolitiFi tokens take over the market frenzy

The two bigwigs have a voice in crypto. Trump has shown support to the United States crypto community and promised to make America a crypto hub. On the other hand, the Biden administration has choked the industry with strict regulations and jailed the likes of CZ and SBF.

The crypto market has shown minor signs of excitement as the debate approaches. However, direct tokens tied to the debate have been on an upswing.

PolitiFi tokens, tied to various political figures, serve as both indicators of public sentiment and avenues for market speculation. All the PolotiFi meme tokens have a combined market cap of $1 billion.

Of the top 10 political meme coins, 7 are based on Trump. Donald’s tokens play on Trump’s slogan, “Make America Great Again,” such as MAGA, which is up 14%. According to CoinGecko, Joe Biden only has 1 token at the top—Jeo Boden.

Also Read: XRP struggles to break out: Lack of demand hinders growth

PolitiFi tokens market performance

The crypto community has lobbied to have a voice in 2024’s US elections. Trump’s tied tokens are up double digits in the last 24 hours. TRUMP currently trades above $9, while Biden’s BODEN trades at $0.1276. BODEN is down 3% over the last hour.

Other than these tokens, crypto traders have taken to betting sites to bet against and for their preferred POTUS. There is an open bet on ‘What will Trump say during the debate.’ The bet options range from, ‘fake news, dementia, crypto/Bitcoin, crack, felon, and sleepy Joe.”

Advertisement

Also Read: Crypto Super PAC Ads Key in Rep. Bowman’s New York Primary Loss

Florence Muchai

Florence Muchai is an experienced crypto journalist with 4 years experience in Crypto, Blockchain, Web3, NFT and AI. Florence holds a Bachelor's Degree in Disaster Management and International Diplomacy. She also has a Master's Degree in Clinical Psychology. Florence enjoys being a digital nomad and her writings tell value, wealth and in-depth understanding of decentralized and traditional finance.

Related Articles

Back to top button