Trump-Themed Meme Coins 'Ripping Higher' With Gains Of Over 20%, Leaving Dogecoin, Shiba Inu Sidelined

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

PolitFi token valuations surged 14% in a single day, with two out of the three top gainers linked to Donald Trump.
Traders anticipate continued momentum as the 2024 presidential election approaches.
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Trump-themed tokens like Maga Memecoin TRUMP/USD, MAGA Hat MAGA/USD and Donald Tremp TREMP/USD are rallying in light of Donald Trump‘s surging election odds.

What Happened: Coinmarketcap data shows political meme coins approaching a total market capitalization of $700 million, up 11% over the past 24 hours. Trump-themed and US-themed meme coins have outperformed the wider market. Trump currently holds a 66.1% chance of winning, with Kamala Harris trailing at 33.9%, according to Polymarket traders.

Cryptocurrency	Price	Market cap	24-hour trend	30-Day Trend
Maga TRUMP/USD	$4.56	$210.2 million	+24.5%	+78.7%
MAGA Hat MAGA/USD	$0.0002224	$91.4 million	+25.2%	+220.9%
Donald Tremp TREMP/USD	$0.381	$38.2 million	+22.8%	+131.1%
American coin USA/USD	$0.0₅2811	$32.9 million	+34.9%	+359%

Also Read: Trader Shares 3-Point Strategy To Win With Meme Coins—Here’s Where Dogecoin, Shiba Inu Come In

Trader Notes: Sistine Research tweeted about TRUMP's rise.

Atlas Tradez praised the breakout momentum for American coin USA/USD, predicting, "Expecting a similar repricing in multiples and speed on this breakout."

Coin Milo, a MAGA token holder, expressed enthusiasm for its price action and expects it to go higher.

Davie Satoshi pointed out bullish technical indicators for MAGA and predicted, "We should see a series of green candles if we break through the resistance."

What’s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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