US Election Fever: 3 Popular Political Themed Meme Coins Worth Paying Attention To?

Bittime - The United States (US) presidential election also heated up the crypto world. Politically themed meme coins such as Obema, MAGA PEPE, and DT Inu have skyrocketed. This article discusses the meme coin trend and its risks.

The world of crypto assets is cheering. Not only Bitcoin (BTC) has shot up, but various other coins have also risen. One of the driving factors? The United States (US) presidential election is approaching. This political furor has apparently resulted in the birth of political-themed meme coins, and their prices are experiencing a fantastic increase.

The Soaring Political Themed Meme Coins

In the last 24 hours, meme coins inspired by political figures and issues in the US have experienced a significant spike. This trend follows the bullish sentiment that pervades the crypto market as a whole. Bitcoin (BTC), for example, managed to skyrocket 1.6% today and posted a weekly gain of 6%.

Altcoin and meme coin investors also feel this euphoria. However, it was political-themed meme coins that were the king of the rise. Their overall market capitalization surpassed the $1.75 billion mark. This increase cannot be separated from the high interest in the US presidential election, where crypto assets have now become one of the issues being discussed. Several Bills (RUU) related to crypto regulation in the US Congress are even more widely heard.

Interestingly, meme coins inspired by the figures of former US President Donald Trump and President Joe Biden have not escaped being targeted by investors. As a result, the flow of funds to both political camps in the crypto world has increased.

3 Political Themed Meme Coins to Watch Out for

With the ongoing upward trend, here are 3 interesting political themed meme coins to discuss:

1. Obama (OBEMA)

Obema was named the meme coin with the highest gain today. The flow of funds into this Barack Obama-themed coin soared by 257%. This increase is thought to have been triggered by US election factors and shifts in market sentiment. On a weekly basis, OBEMA managed to skyrocket by 224%. This surge was driven by the rapid flow of funds towards this relatively new token. According to CoinGecko, OBEMA's daily trading volume has now surpassed the $1.5 million mark.

2. MAGA PEPE

MAGA PEPE, a fusion of Donald Trump's campaign slogan "Make America Great Again" (MAGA) and the popular Pepe the Frog meme, is enjoying the blessings of the US presidential election. This Trump-themed token managed to reap significant profits, allegedly due to market comments and the former president's personal ownership of crypto assets. MAGA PEPE's daily gain reached 103% with a daily trading volume of $2.9 million. In fact, Donald Trump's crypto holdings are estimated to have crossed the $30 million mark today. The upcoming US election has also raised hopes that Congress can implement regulatory reforms related to crypto, another driving factor.

3. DT INU

DT Inu, a meme coin that carries the name Donald Trump with the addition of the typical meme coin "Inu", doesn't want to be left behind by the trend. DT Inu's daily increase reached 15.9% with fund inflow of 179% in the last seven days. DT Inu's market capitalization also jumped to $2.9 million thanks to the injection of fresh funds. Even though it is a new player, DT Inu holders are optimistic that fund flows will continue to increase.

Be Careful Before Investing

The rising trend of political-themed meme coins is certainly tempting. However, it is important to remember that investing in crypto, including meme coins, carries high risks. Extreme price volatility is one of the biggest risks. The fantastic increase that is occurring now will not necessarily continue in the future. Not to mention regulatory factors that are still gray in various countries, including the US.

Before deciding to dive into the world of political-themed meme coins, it's a good idea to do in-depth research. Understand your risk profile and never invest more than your financial capabilities. Remember, investing in crypto is not a shortcut to riches.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.