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tldr; PolitiFi represents a new wave of meme coins in the cryptocurrency industry, blending political satire with financial speculation. These coins draw inspiration from political figures, events, and ideologies, often in a satirical manner. Examples include Doland Tremp (TREMP) and Kamala Horris (KAMA), which are based on U.S. election candidates. PolitiFi coins are speculative assets tied to political narratives and can experience significant fluctuations in value based on current events and social media trends. They are primarily created on Ethereum or Solana platforms and have captured the crypto community's attention, especially around the 2024 U.S. presidential election. However, their value and relevance can quickly change with the political landscape. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This should not really be a revelation to anyone here, although most people here are morons so it's not surprising. The saying "you want to be right or do you want to make money?" is what applies here. Everyone in this sub constantly whines about how dumb memecoins are, but they end up overlooking the easiest trades because of it. I've made multiple comments here about this, specifically about the KAMA coin they referenced(before it mooned), but it seems that people here would rather circlejerk about losing money than actually make money. >That's why I'm hedged with the KAMA shitcoin. (not joking) https://np.reddit.com/r/CryptoCurrency/comments/1e5xgac/daily_crypto_discussion_july_18_2024_gmt0/ldti93s/ >if you think Biden drops out, KAMA is the choice, otherwise BONK/PEPE seen to be the strongest as they were running before the meta took off, BONK especially seeing as it launched at the deepest depth of the bear market and still has legs. https://np.reddit.com/r/CryptoCurrency/comments/1e4abmu/daily_crypto_discussion_july_16_2024_gmt0/ldi570s/ >I think the more obvious play is to get KAMA, who will likely see an insane jump if she officially takes over the ticket. It pumped 4x just from the debate alone, imagine if Biden actually drops out. It's also only at 25% of the market cap of TREMP and is a 50x away from the BODEN's top. https://np.reddit.com/r/CryptoCurrency/comments/1e13kke/daily_crypto_discussion_july_12_2024_gmt0/lcu3zaj/ >Too late for that, already a KAMA coin made in March, that's the one I went with. Maybe a coin predicting Trump's running mate could be one of the first to market. https://np.reddit.com/r/CryptoCurrency/comments/1du0klg/daily_crypto_discussion_july_3_2024_gmt0/lbgd7s0/ > To me, it was pretty obvious that Biden was going to drop out after watching the debate. I knew that Kamala Harris was in a good spot to take over the ticket, or at least be in the conversation so I looked for any memecoins based on here and found one created back in April. It also had a good bump after the debate, essentially showing that my thesis was correct and that upon a Biden dropout, it would have a significant price gain. It ended up doing a 2-4x from the day before and a 10x from the local bottom on the 16th. Still holding about half because I think it could keep running up to the DNC(month from now). https://np.reddit.com/r/CryptoCurrency/comments/1e9ahpv/is_anybody_making_good_money_trading_meme_coins/ledswez/ 🤷♂️
Just as the price of TRUMP rose in the wake of the assassination attempt, an event that commentators had [predicted](https://www.newyorker.com/news/dispatch/the-day-after-donald-trumps-shooting) would bolster his chances of reelection, the price of KAMA, the Harris-themed coin, [more than tripled](https://www.coingecko.com/en/coins/kamala-horris) after Joe Biden announced his withdrawal from the race, paving the way for the vice president to become the Democratic nominee. Likewise, on June 27, the day of Biden’s disastrous CNN [debate performance](https://www.wired.com/story/trump-biden-debate-conspiracies-online/), the price of BODEN [fell by half](https://www.coingecko.com/en/coins/jeo-boden). In the US, the Commodities and Futures Trading Commission (CFTC), a financial regulator, has [refused to allow](https://www.politico.com/news/2024/05/10/cftc-election-betting-ban-00157304) gambling platforms to offer bets on election results. It is explicitly illegal under the laws of numerous states for residents to place those kinds of bets, too. But buying into political memecoins has become a loose proxy—one that comes, courtesy of the violent swings in price typical of crypto markets, with both increased risk and potential reward. In aggregate, [hundreds of millions of dollars’ worth](https://www.coingecko.com/en/categories/politifi) of political memecoins are currently changing hands every day. “An investment in a political memecoin isn’t an endorsement or badge of support,” says Rennick Palley, founding partner at investment firm Stratos, whose hedge fund holds memecoins in its portfolio. “The majority of people look at it as a fun way to bet on what is going to happen. If I wanted to speculate on who is going to win, memecoins are clearly the way to do it for maximum risk and maximum upside.” Read more: [https://www.wired.com/story/political-memecoins-betting-trump-biden-harris/](https://www.wired.com/story/political-memecoins-betting-trump-biden-harris/)