Buying politically themed meme coins can be lucrative during the upcoming presidential elections in the United States.
While Bitcoin is still one of the best cryptos to buy during elections, you may also want to try meme coins like $TRUMP, $TREMP, $MAGA, and $KAMA. For example, $TRUMP jumped over a third in price after an assassination attempt on Donald Trump, and $KAMA tripled in value after Joe Biden withdrew from the race.
More: TOP Political Coins of 2024: PolitiFi Tokens to Watch
Anyway, let’s jump into the list to see which coins are worth considering during elections.
Why is Crypto a Big Deal in the Upcoming US Elections?
Crypto is surprisingly becoming a key issue in this election, and here’s why. It all started with Biden's strict regulatory approach to crypto and Gensler of the SEC spearheading the endless court cases with different crypto companies.
But things took a surprising turn when the same SEC approved not one, but two crypto ETFs—Bitcoin and Ethereum.
Given the shaky nature of the regulations, candidates have seen it as an opportunity to win over the growing crypto community. Trump's all in on a "strategic bitcoin stockpile"—whatever that means.
And Kamala's trying to get in on the action too, though it feels a bit like an afterthought.
Memecoins like $TREMP and $KAMA, linked to these political figures, have seen significant price movements.
A Trump win could mean a surge in bitcoin's value, while a Kamala reelection could mean more of the same regulatory uncertainty.
Best Crypto Coins Complete List
If you’re looking to enjoy the moment and secure some wins during this election period, you can consider meme coins like $TRUMP and $KAMA. These coins offer good short-term buying opportunities. But remember to balance your portfolio with more established cryptocurrencies like Bitcoin.
Here’s the complete list of the top six coins to consider.
Coin #1: $TRUMP
A highly interesting token to contemplate during the upcoming elections is $TRUMP, also known as the MAGA token.
The market capitalization for $TRUMP is around $139 million, with a circulating supply of approximately 44 million tokens.
As a speculative asset, $TRUMP's price has been volatile, having reached an all-time high of $17.52 in June 2024. Its 24-hour trading volume is over $1.5 million, demonstrating active trading and community engagement.
The decentralized autonomous organization (DAO) behind $TRUMP has directed proceeds from token sales toward charitable causes, such as assisting homeless veterans and combating child trafficking.
The token's performance is closely tied to Donald Trump's public activities, making it a good option to consider.
Coin #2: $KAMA
$KAMA, also known as Kamala Horris, is a memecoin inspired by U.S. Vice President Kamala Harris. The token saw a dramatic 10,000% increase in value over three months, especially after Kamala Harris was chosen to replace Biden in the upcoming 2024 presidential race.
Starting at $0.0003216, it surged to $0.0319 and is now trading at $0.0122 with a market cap of approximately $12.18 million.
$KAMA pumped 70% in a day from nowhere 💀
— Shrebobo (@shrebobo) August 24, 2024
I wanna see it dump more 📉 pic.twitter.com/5xAjT2vAJK
Speculation about Kamala Harris's political future drives trading volumes and price movements. This makes $KAMA an interesting watch as the polls draw near.
Coin #3: $TREMP
Dolland Tremp ($TREMP) is another meme coin based on former President Donald Trump. As of mid-2024, $TREMP is trading at approximately $0.44, with a market cap of around $44 million. It reached an all-time high of $1.65 in June 2024 but has since declined.
Despite recent volatility, partly due to rumors about the launch of an official Trump-related token, $TREMP rebounded to $0.76.
This coin is definitely one to watch during the 2024 US presidential election, especially if Trump wins.
Coin #4: $MAGA
It seems Trump-inspired tokens are the only ones moving the market—but what can I say? Dude’s working overtime.
The $MAGA token is another politically themed cryptocurrency inspired by Trump's "Make America Great Again" slogan.
The MAGA token currently trades at approximately $2.70, with a 24-hour trading volume of $1.58 million and a market capitalization of around $139 million.
$MAGA surged 46.9% following the assassination attempt on Donald Trump. Imagine what might happen to the price when voting starts.
Coin #5: $PEOPLE
The $PEOPLE token isn’t an election-inspired token per se, but it’s worth mentioning in the PolitiFi sector. $PEOPLE is the native token of the now dissipated ConstitutionDAO, a group that wanted to purchase one of the original copies of the United States Constitution.
Despite the initial goal not being achieved, $PEOPLE has become a lasting symbol of collective crowdfunding in the crypto community.
The token's peak price of $0.1436 in June 2024 indicates ongoing market activity and traders interest. You can still trade it at around $0.067 with a market capitalization of $343 million.
Coin #6: $BTC
And BTC comes in at number six because you can’t buy other tokens without owning the OG in your wallet.
Bitcoin has been a critical player in the election talks, with every candidate having one thing or another to say. Also, recent data from The Harris Poll and Grayscale shows that Bitcoin is at its highest ever compared to previous election cycles.
Of course, the price has taken quite a hit from its over $70K all-time high some months ago. Bitcoin is still a solid buy, and we could see an increase should a Bitcoin-friendly candidate win.
What does the future hold for crypto, especially after the elections?
Well, we can’t really predict what will happen to these tokens or the entire crypto market. But seeing a lot more people talk about it during the upcoming election is a good thing.
This is expected, as recent polls suggest that more people now own crypto in the US. A portion of these people are Millenials and Gen Z, which make up over 40% of eligible voters.
If the 2020 election is anything to go by, you’d know that winning over this new wave of voters can change the outcome for any candidate that appeals to them.
Crypto interest among voters keeps growing as the elections draw near. And with many candidates like Trump showing support for the asset class, this is the best time to stack up your portfolio.
Related: Top Safest Crypto Exchanges in 2024
The different crypto coins mentioned in this article show a strong correlation with the latest election-related events. So, make sure to consider them, keep up with the latest news, and know when to take out your profits.
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