Investors are eyeing PolitiFi tokens with renewed interest as the US Presidential Election draws near.
In particular, election meme coins are displaying outsized returns. For instance, BODEN was the top gainer on Kraken on Tuesday with a green 67% daily candle. Meanwhile, the TRUMP coin is up by nearly 50% over the past week.
Considering that these PolitiFi coins are trading significantly below their all-time highs, they could be attractive investments in light of the November elections.
However, smart money investors appear to be preferring utility-driven meme coins like STARS and MEMEBET. These projects are seeing robust presale funding behind heavy whale buys, with experts backing them as some of the best altcoins to buy now.
Are Election Meme Coins Promising Investments?
The US Presidential Election is a little over a month away and PolitiFi meme coins are skyrocketing.
For instance, Jeo Boden (BODEN) is up by nearly 30% today on Wednesday, bringing its weekly gains to nearly 170%.
Similarly, MAGA (TRUMP) is up by 50% over the past week, with its market capitalization back above the $130 million mark.
The TRUMP coin is still trading over 80% below its all-time high, making it substantially undervalued. Experts signal that it could see explosive growth in altcoin season if Donald Trump wins the presidency in November.
Similarly, new Trump coins – MAGA Hat, Fight To MAGA and Doland Tremp – are also pumping over the past week. In particular, the MAGA Hat and Fight To MAGA prices are up by 40% and 140% in the past 7 days.
However, election meme coins are highly volatile, especially since the race to the White House remains a toss-up. Most polls continue to give a small edge to Vice President Kamala Harris. However, this could change after Ohio Senator JD Vance’s strong performance in the Vice-Presidential debate.
Furthermore, the November Presidential Election may well be a ‘sell the news’ event. For instance, whales may dump their TRUMP coin holdings and take profits, even in the event of a Donald Trump victory.
Unsurprisingly, smart money investors appear to prefer utility-driven meme coins, calling them the best altcoins to buy now owing to their high long-term upside potential.
Why Experts Are Calling STARS, MEMEBET The Best Altcoins To Buy Now?
Crypto All-Stars (STARS) remains one of the most in-demand presale tokens and has already raised nearly $2 million in its ICO.
As such, meme coin staking has become the new meta. Even established projects like Floki and Sundog are now offering staking services. However, most top projects – including Dogecoin, Shiba Inu and Pepe – do not offer any passive income.
However, Crypto All-Stars’ first-ever multi-token staking platform MemeVault is tackling the issue. MemeVault accepts 11 top meme coins and offers stakers attractive passive income in return.
Investors staking STARS will receive thrice the rewards. In fact, presale buyers can already stake their coins in a secondary staking platform and earn an APY of well over 700%.
Owing to its utility-driven nature, smart money investors are bullish on Crypto All-Stars, with some prominent investors even aiming for 100x returns.
Similarly, Memebet Token (MEMEBET) has caught the attention of meme coin enthusiasts and has raised $354k in its ICO.
MEMEBET is the native crypto of the Memebet Casino, the new Regional Sponsor of the Argentina National Football Team.
With attractive monetary perks like P2E rewards, loot boxes and exclusive beholder benefits, it is no surprise that investors are finding MEMEBET an attractive investment and potentially one of the best altcoins to invest in for the next alt season.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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