Politically Inspired Meme Coins A noticeably more significant market uptick has led to the surge of meme coins that are politically motivated in the last 24 hours. As the giants of the crypto world kept their way up, there was a bullish sentiment in the crypto market. Meanwhile, the banks are only continuing to gather Bitcoin (BTC); thus, the asset’s price shot up to 71,300 dollars.
More precisely, meme coins had the most significant price change as the market capitalization exceeded $69 billion. Today’s price increase is 5.1%. Before the high, too many meme coins characterized the upcoming presidential election in the United States due to political issues. In addition, the new laws passed in Congress that are taking off are why cryptocurrencies have become the new tide of the electoral campaign. Recordings of flows in assets have been noted, and former United States President Joe Biden and former United States President Donald Trump’s independent parties have been encoded. Make sure you don’t forget to look for the list of Politically Inspired Meme Coins that are the subject of this week’s buzz.
Obama (OBEMA)
Obama is the meme coin, which is the most valuable, with a growth of 257%. Hoping for elections in the United States and a change in the market market sentiment, the asset connected to Barack Obama has become more valuable. Their inflows reached 224% due to the competition with new tokens. According to the CoinGport report, the daily trading volume of OBEMA is as follows. Which is over $1.5 million, showing an increase from the previous period.
MAGA PEPE
The MAGA PEPE meme stands out for being based on the meme coin, which goes by the name of PEPE, and on the presidential candidate, whom we all know as Donald Trump. Indeed, several factors, such as market comments and personal portfolios of the presidential candidate. Have hyped the value of Trump-themed tokens in general. A daily volume of $2.9 million, a 103% upsurge compared to yesterday’s data, has been communicated.
Earlier on Wednesday, the ex-president’s crypto assets have surpassed the $30 million threshold. The likelihood of potential regulatory reforms has increased. The upcoming elections in the United States of America are expected to provide Congress with the necessary platform to do so.
DT D.T.u
The asset’s price has increased by 15.9% today, and the inflow has been 179% over the past week. The newly attracted funds contributed to the asset’s value going up to $2.9 million. Thenceforth, related to the token’s relatively new invention in the market, its buying and sales are at. At a fair level, the owners compete for more. There are 1.75 billion dollars worth of the top meme coins called Politically Inspired Meme Coins.
FAQs
Why did meme coins see a surge in value recently?
A significant market uptick, driven by bullish sentiment in crypto and political events like upcoming U.S. elections, led to a surge in politically themed meme coins.
What is the current market capitalization of meme coins?
The market capitalization of politically inspired meme coins has surpassed $69 billion, with a 5.1% increase in price in the last 24 hours.
How has Obama (OBEMA) performed in the market?
Obama (OBEMA) has seen a remarkable 257% growth, with trading volumes reaching over $1.5 million daily, driven by political speculation and market sentiment.
What is the role of former U.S. Presidents in meme coin trends?
Meme coins like MAGA PEPE, linked to Donald Trump, and Obama (OBEMA), tied to Barack Obama, are popular due to their political relevance, influencing market dynamics during election periods.
