“Jeo Boden” is now 98.2% off its all-time high set three months ago, while “Kamala Horris” is up 3,875% since May. Some politically themed cryptocurrencies have multi-million dollar market caps.

As if the crypto The markets weren’t crazy enough, another surreal trend has gained huge ground in recent months: Meme Coins based on WE political candidates.

They are often accompanied by surreal cartoon avatars of the person in question…and tend to deliberately misspell their name.

Following the seismic events of recent days, with Kamala Harris earn enough support to secure the Democratic nomination after Joe Biden to leave The race, these digital assets have been even more volatile than usual.

Personalities like Kamala Horris (KAMA), “Jeo Biden” and “Donald Tremp” are rapidly changing in value as opportunistic traders try to navigate the crypto landscape — and figure out what happens next.

KAMA, a Solana-a memecoin themed around the current vice president, was initially launched on May 30 and at the time was worth just $0.0006.

KAMA Maximum Price Chart, May 30 – July 27, 2024 | Source: CoinGecko

Fast forward to today and the figure has accelerated 3,875%, breaking through the $0.02 barrier with a fully diluted market valuation of $25.4 million.

It reflects Harris’ growing momentum as she prepares to take on Trump in the November race. According to her team, $100 million has been Given to the Harris campaign since its launch, with a record $81 million raised on its first day alone. Meanwhile, prediction markets are showing that his chances of victory in the fall continue to increase day by day.

As expected, given its Pro-crypto positionThe most valuable coins in the “PoliFi” meme coin movement are all linked to Asset — and often include references to his long-standing slogan “Make America Great Again.”

Best Political Memes | Source: CoinMarketCap

But many of these Republican-centric cryptocurrencies have suffered heavy losses recently. The largest token of all, TRUMP, still has a market cap of $279 million, but has lost 20.6% of its value in a week.

Also spare a thought for those who detained Jeo Boden. BODEN is now languishing at $0.01171 after plunging more than 50% in the past seven days — most of those losses came after Sunday’s sudden announcement. The meme coin set a new all-time high of $1.07 in April, but is now down more than 98%. Given that President Biden While he will retire from the political scene when his one and only presidential term ends in January, this is an asset unlikely to recover.

It’s numbers like these that show how unpredictable and brutal exposure to political meme coins can be. Not only can it be difficult to cash in on profits due to the low liquiditybut bearish slowdowns can be both rapid and abrupt.

BODEN 1-month price chart | Source: CoinGecko

A dark trend

Beyond betting on presidential candidates and tracking their fortunes in the news cycle, there is another worrying trend: the tokens that are created as a result of misinformation circulating online.

Earlier this week, unfounded rumors circulated that Joe Biden had died, and some of the accounts sharing these falsehoods attracted tens of thousands of reposts on X.

This has had a direct impact on memecoins launched on sites like Pump.fun, with sites like BIDEAD and BIDONE popping up on the market. One particularly crude digital asset has an avatar that appears to show Biden’s skeleton.

What will happen next?

It doesn’t take a world-class crypto trading analyst to deduce that the value of Biden-related memecoins will continue to fall.

But it will be interesting to see what Donald Trump’s impending appearance at Bitcoin 2024 in Tennessee – scheduled for later today – will do to the likes of MAGA and TRUMP.

Bullish openings on the future of the Nashville cryptocurrency market could give some of these tokens a second wind.

Alternatively, this could end up being more of a “selling the facts” scenario – with interest in these tokens waning as soon as he leaves the scene.

With three and a half months to go until the US presidential election, the roller coaster of political coins shows no signs of slowing down.

And there’s no doubt that new tokens will continue to emerge in response to developments on the campaign trail — like the Democratic National Convention in August, a potential televised debate between Harris and Trump, and announcements related to Harris’ vice presidential pick.

Fuente

11:30 ▪ 3 min read ▪ by Eddy S.

In June 2024, celebrity memecoins experienced a dramatic decline! They recorded an average decline of 94% from their all-time highs. Even the best-performing tokens, such as Mother and Daddy, were not spared, with losses exceeding 70%. This alarming situation raises questions about the reasons for this decline and the future prospects of these popular cryptos.

The causes behind the fall of celebrity memecoins!

Several reasons could explain this historic fall:

• Excessive speculation: Memecoins are often launched with a lot of hype. media hypeattracting investors looking for quick profits. However, this speculation can lead to bubbles that quickly burst when interest wanes.

• Lack of strong fundamentals: Unlike established cryptocurrencies like Bitcoin or Ethereum, celebrity memecoins often lack strong use cases or robust underlying technologies. They rely primarily on the fame of the celebrity backing them.

• Market Manipulation: Celebrities and influencers can manipulate the market by promoting their memecoins and then selling their shares when prices are high, leaving ordinary investors with significant losses.

• Increased regulation: Regulators are starting to scrutinize memecoins more closely, which could scare off cryptocurrency investors and lead to massive sell-offs.

Crypto Meme Market Predictions

Despite the current downturn, celebrity memecoins could see a temporary rebound, especially if new celebrities enter the market or media events draw attention to these tokens. However, volatility will remain high and cryptocurrency investors should be prepared for significant price fluctuations.

In the long term, the survival of these memecoins will depend on their ability to evolve beyond mere speculation. Projects that manage to develop real use cases or integrate into larger ecosystems will have a better chance of success. For example, a meme coin backed by a celebrity could be used for transactions on social media platforms or to access exclusive content.

Although Celebrity Memecoins Even though cryptocurrencies have seen a drastic drop, they are not necessarily doomed. However, crypto investors should exercise caution and focus on the fundamentals of the projects before investing.

Optimize your Cointribune experience with our “Read to Earn” program! Earn points for each article read and access exclusive rewards. Sign up now and start earning benefits.

Click here to join “Read to Earn” and turn your passion for crypto into rewards!

Eddy S.

The world is changing and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in everything that is closely or remotely related to blockchain and its derivatives. To share my experience and promote a field that fascinates me, there is nothing better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts and opinions expressed in this article are solely those of the author and should not be considered investment advice. Do your own research before making any investment decision.

Fuente

Shiba Inu (SHIB), a leading dog-themed token, is losing the trading volume race to meme coins like Dogecoin (DOGE), Pepe (PEPE), and Dogwifhat (WIF). Data from CoinMarketCap reveals that SHIB has the lowest 24-hour volume among the top four meme coins by market cap. Over the past 24 hours, SHIB’s trading volume has dropped by 17.73% to $256.57 million.

Conversely, Pepe (PEPE) leads the memecoin category with the highest 24-hour trading volume, reaching $979.52 million despite a 12.76% decline. Dogecoin (DOGE) follows with a daily volume of $853.53 million, down 6.32%. Dogwifhat (WIF) ranks third, with a daily volume of $451.49 million, which represents a 9.4% decline.

As of 07:22 (UTC) today, the total 24-hour volume of the meme crypto market stands at $4.57 billion. SHIB accounts for 5.61% of this total volume. PEPE dominates with 21.43%, while DOGE and WIF account for 18.67% and 9.87%, respectively. An increase in volume often indicates strong interest in an asset, while a decrease in volume suggests the opposite.

Shiba Inu Prices Rebound

Despite the trading volume Due to the difficulties faced by cryptocurrencies, Shiba Inu and other cryptocurrencies have experienced price rebounds. The price of SHIB fell below the $0.000016 threshold, reaching a 24-hour low of $0.00001587. However, it quickly rebounded and is now up 3.41% at $0.00001681.

Similarly, other top memecoins have posted price gains. DOGE has increased by 4.63% in the last 24 hours, while PEPE and WIF have registered gains of 1.48% and 2.32%, respectively.

These fluctuations highlight the volatile nature of the memecoin market. As traders continue to monitor these assets, changes in volume and price will remain critical indicators of market sentiment and interest.

In summary, while Shiba Inu is struggling to handle trading volume, the broader meme coin market is active, with PEPE, DOGE, and WIF leading the daily trades. Investors will need to remain vigilant, as the dynamic market environment can change quickly, presenting both challenges and opportunities.

Fuente

A Look At The Future Of BONK And Pepe’s Price As MOONHOP Presale Surpasses $1 Million In Stage 2

Meme investors are always looking for that undiscovered gem that could generate wealth for generations. With BONK showing growing potential and Pepe’s forecast bullish, the market is full of opportunities.

Yet the most striking story is MOON OF MOON (MHOP)the new gem that is causing a stir. Having nearly completed the sale of its second pre-sale phase with an initial price of just $0.014 per coin, MOONHOP is at the forefront of meme coin contenders. This opportunity has attracted investors eager for substantial gains and an exhilarating journey to the stars. Interest peaked as MOONHOP’s pre-sale approached the $1 million mark.

BONK Future Assessment: Key Information for Investors

BONK, a meme cryptocurrency on the Solana network, has been gaining attention with significant price increases. BONK recently saw a 33.5% increase in value, bolstered by a bullish rising wedge pattern.

Despite this progress, investors continue their search for the next big cryptocurrency, looking beyond BONK’s current status to new and potentially more profitable cryptocurrencies. BONK shows potential for further growth, but the search for new investments in the crypto landscape continues.

Pepe Market Forecast: 41% Rise Ahead Despite Risks

Following the initial approval of ETH spot ETFs, Pepe’s value surged 29% to $0.00001223, alongside a 98% increase in 24-hour trading volume to $2.27 billion. Market indicators remain positive with an RSI of 61.14 and Chaikin Money Flow of 0.12, indicating increasing buying interest. Exchange futures open interest (OI) also increased by 31.47%, indicating increased investor engagement.

However, despite these optimistic signs, the inherent volatility in the market and potential risks such as sharp sell-offs and regulatory changes, create a mixed outlook for Pepe, with potential upsides as high as $0.00001730 amid possible rapid market changes.

MOONHOP Transforms the Experience for Meme Coin Lovers

MOONHOP is stirring excitement in the meme coin sphere with its vibrant and supportive network called The Fluffle. This community thrives on fun, growth, and a shared enthusiasm for adventure, inviting everyone to join in the excitement. MOONHOP has set aside 4 billion MHOP coins for its presale, out of a total supply of 8 billion, with an attractive starting price of $0.014 per coin in its nearly completed second stage. The presale raised an impressive $1 million.

MOONHOP’s roadmap is full of promise. The project is segmented into 50 stages, each of which is set to reward early backers with incremental price increases. From an initial price of $0.014 to a launch price of $0.50, this structured pricing model targets a potential growth of 4,900% from the initial stage to the final stage. Investors looking for a promising meme coin should act quickly, especially since the pre-sale reaching the $1 million mark suggests a likely price increase.

The future looks bright for MOONHOP with community expansion plans, aggressive marketing initiatives, and major stock market listings. This unique strategy and strong community support position MOONHOP as an attractive investment prospect. In today’s market, MHOP shines as the meme currency with the greatest potential.

Final thoughts

As Ethereum’s market outlook is favorable and Notcoin is growing, MOONHOP remains the real powerhouse. With its vibrant community, smart pre-sale setup, and huge growth potential, MOONHOP is poised to make a splash in the market. For those who want to stay at the forefront of the cryptocurrency arena, MOONHOP offers a prime opportunity for remarkable gains and an innovative community experience.

Join the Moonhop presale now:

Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.

Fuente