Yesterday, meme coins like TREMP and MAGA rallied with the possibility of exploding while the FreeDum Fighters crossed the $420000 in its presale. This vindicates crypto analysts' prediction that the coins will see an unprecedented surge due to increased demand ahead of the US election.
This new PolitiFi token aimed at replacing the ugliness of politics with satire has raised this remarkable amount in its presale as it promised blockchain-based use and interesting user rewards. DUM is expected to rise further on election day with some analysts like Jacob Bury predicting it will surge 10x while others say it might go higher (100x) than that.
FreeDum Fighters is experiencing a feverish excitement around it because of the US election tailwind with crypto industry players looking for the next big PolitiFi token that could explode.
Since recent gains in the PolitiFi crypto market have shown that such ambitious targets are indeed possible, more and more traders are getting on DUM.
Amidst this other meme coins like TREMP and MAGA have also emerged as favorites. While MAGA gained 56% a day before the US election TREMP was going steady with a 4% surge.
Smaller tokens like Trump47 are gaining even more. In the week leading up to the US election, Trump47 increased 169% in its value.
As per data from Polymarket, crypto traders are getting on real-world events like the US presidential election which is causing this surge in PolitiFi tokens. The platform revealed $2 billion volume of transactions were processed in the last month and most of it was related to the US election. However, there's a major flaw in Polymarket’s data as it doesn't operate in the US it might not be a true reflection of the US market scenario.
FreeDum Fighters stands out from Kamacop 9000 and MAGATRON as it offers fictitious staking pools of the two Presidential Election candidates. However, the rewards from this token will ultimately depend on who wins the elections. As DUM is available in the US it showcases a more accurate reflection of the crypto users thinking ahead of the election.
Crypto traders will earn returns for staking the DUM tokens. Users can earn DUM tokens from the political debates that FreeDum Fighters will arrange from Wednesday to Friday every week. The project promotes public discourse on key political events in this way, letting users benefit from community participation. This will likely boost DUM’s long-term prospects after the US election.
As of November 5 morning, TREMP is trading at $0.3085 with a 3.60% surge in the last 24 hours while MAGA is at $3.32, down by 2.07%.