Crypto is clearly struggling for upside momentum as Bitcoin fails to hold above key levels amid several sell-off catalysts. But even amid this bearish landscape, the market remains largely optimistic going into the second half of 2024.
And that is the same outlook for one group of meme coins – the PolitiFi tokens. Despite a rout in recent weeks, political memes are a huge trend this year and none is proving as attractive as a project that seeks to give crypto degens a platform to turn political satire into opportunity.
That project is Solciety (SLCTY) – a meme coin that is bringing the world’s first political party for degens on Solana.
Note that Solana meme coins have outperformed Ethereum’s so far and attention is firmly swiveled towards SLCTY.
US election and the PolitiFi market
Political meme coins, tokens that get inspiration from politics and political figures, reached a market cap of nearly $2 billion last month. But this has dipped to around $800 million as a BTC sell-off cascades to the rest of the market.
Yet, despite risks across the market, the optimism around PolitiFi tokens is huge. Mainly, it’s the embracing of crypto by former U.S president Donald Trump and the continued negative trend of President Joe Biden’s administration.
Tokens linked to Trump, Biden and other figures within the political space are therefore seeing fluctuations catalysed by events and moments around them.
Examples are MAGA, BODEN and this week, Kamala Horris (KAMA), the meme coin inspired by US vice president Kamala Harris. KAMA rocketed on June 3 as traders weighed odds of the VP replacing Biden as the Democratic Party’s nominee. BODEN then rose amid reports the incumbent was prepared to go all the way.
All of these tokens skyrocketed before cooling off amid related events – just like top cryptocurrencies and the rest of the meme coin space. But what’s true of the crypto market, and PolitiFi, is that the industry is here to stay.
And certainly politics too.
Why is Solciety appealing to investors?
Solciety (SLCTY) recently launched its presale and within days, it’s raised more than $760,000 as the flying ICO sale enters stage 5. Price has increased from the initial $0.0015 to currently sit at $0.002289. Why is Solciety attracting such attention?
Well, unlike other PolitiFi tokens, Solciety is party-agnostic. The meme coin does not lean D or R. Rather, Solciety is creating a community, a political party of its own where degens can take political satire to the next level.
This new generation SOL meme coin has the Meme Campaigner. It’s a tool that anyone can use to generate memes, with over 200 traits available for creatives to unleash the most viral political and social memes.
Meme Campaigner users will have the opportunity to share their heavy-hitting satirical memes online. Those who share memes that go viral and emerge top on a leaderboard will earn SLCTY tokens as reward.
SLCTY will power this ecosystem where memes, politics and crypto combine. It won’t matter which political figure or party wins the next US election. Solciety will thrive on the world’s only real currency – attention.
If you are interested in learning more about Solciety or to buy SLCTY, visit the project’s official website.
