On Tuesday, Donald Trump’s campaign announced it’s accepting crypto donations on the Trump website to build a ‘crypto army’ for the election.
The crypto Trump project TRUMP — themed after former U.S. President Donald Trump but not directly linked to him — has surged, creating a new class of millionaires within the PoliFi crypto sector.
Here’s the short version and what other PoliFi meme coins will rise next.
https://twitter.com/og_kenobi_hello/status/1793282003317522782
Trump’s Crypto-Friendly Campaign Strategy
The campaign is positioning itself as a forward-thinking, tech-savvy operation by accepting donations through popular cryptocurrencies like Bitcoin, Ether, US Dollar Coin, Shiba Inu Coin, and Dogecoin on the Trump website.
Robert F. Kennedy Jr. is already taking Bitcoin, marking a new era in campaign finance.
“MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!” the Donald Trump campaign declared.
According to Pew Research data from April 2023, crypto ownership skews towards a younger, more male demographic, which could be crucial for Trump.
As Trump embraces crypto, Biden remains silent. The Trump team attacked Joe Biden and US Senator Elizabeth Warren, two staunch crypto critics, on the issue. “Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an ‘anti-crypto army’ to restrict Americans’ right to make their own financial choices,” the Donald Trump campaign posted.
TRUMP Token’s Meteoric Rise
Over the past two weeks, the Trump MAGA (TRUMP) token has soared nearly 75%, according to CoinGecko data.
The token saw a further 14% spike on Tuesday following the Trump campaign’s announcement.
The TRUMP token represents the first experiment in a new category of tokens known as PoliFi, which has a collective market cap of $749 million. Several addresses that purchased TRUMP tokens in six-figure amounts are now sitting on unrealized gains of over $1 million.
Here are some other PoliFi tokens that could blow up this year:
- PEPE
- MAGA
- TRUMP INU
- TUCKER
PoltiFi Sector Could Create New Millionaires
Trump’s love-hate relationship with crypto is interesting, especially since he is now trying to weaponize crypto against Biden.
Coingecko is already promoting the PoliFi sector. It’s just a matter of time before Coin MarketCap adds it, too. Whenever TRUMP passes the billion market cap, they will add it.
With pivotal political decisions in 2024, including Fed rate cuts, the ETH ETFs, and the 2024 election, it’s time to brace for the glorious PolitiFi meme run.
EXPLORE: Ethereum Price Explodes After Major ETH ETF Mood Swing
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
$HEFE is the number one memecoin. Fuck polifi,.