Meme tokens are now the fastest growing type of crypto asset, according to Coinmarketcap. In turn, political memes are the fastest growing subcategory among meme tokens.
- nft revolution
- news
- 17 Sep 24
Political meme tokens are again the hottest crypto sector
Political meme tokens have once again become the hottest crypto sector of 2024, according to semi-annual data. Political meme tokens utilize memes and politics at once, resulting in a rattling mix.
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Speaking of which, after the recent US presidential candidates' debate, all tokens related to Donald Trump collapsed, while Kamala Harris' few meme tokens made a nice profit. But after the recent second “assassination attempt” on Trump, his tokens have surged again, signaling to the market that “the crypto-republic has survived.”
Influencer @Prosecop summarizes the sudden excitement of meme degens so succinctly:
I have a lot of faith in $KAMA because she's the only politician who is a real (natural) meme.
It seems the symbiosis of political sweepstakes with memes (technically based on crypto) has hit some bare nerve in society, and has a huge potential for growth underneath.
It is worth noting that the capitalization of political meme tokens is currently around $500,000,000,000, and the daily trading volume is $200,000,000,000.
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