Donald Trump related meme coins have resumed their bullish momentum after a lull in September, and with three weeks to election, it could be explosive.
Looking poised to take the market by storm on Election Day and beyond is Solciety (SLCTY).
MAGA, TRUMP and TREMP tokens pick momentum
The outlook for political meme coins, or PolitiFi, specifically has in the spotlight MAGA (TRUMP), MAGA Hat (MAGA) and Doland Tremp (TREMP). According to data from CoinGecko, TRUMP is up 14% in the past 24 hours, while MAGA and TREMP have jumped more than 20% each.
Upside flips for the meme coins comes as Donald Trump appears to have strengthened his chances of getting a second term with strides in key swing states.
Traders on Polymarket are factoring in these prospects with more Trump bets – the Republican now leads Kamala Harris at 59.7% to 40.2%.
Despite this, some investors are still bullish on Kamala Horris (KAMA) as the Democratic Party candidate battles to catch up with Trump in the polls. KAMA was up 10% in 24 hours at the time of writing.
The overall PolitiFi market is now more than $853 million. It’s a notable increase since broader crypto prices crashed in August to push the market cap to under $200 million.
ConstitutionDAO (PEOPLE) still leads political meme coins with over $400 million in market cap. However, Trump parody coins make up seven of the top 10 PolitiFi meme coins.
Solciety (SLCTY): The PolitiFi meme coin
Solciety is a Solana-based meme coin set to launch on DEX on November 4, 2024 is flying through its presale.
Although a PolitiFi meme coin, Solciety has an ace up its sleeve that makes it a potentially a beta play for U.S. politics, election and more. Rather than just be a token for the current political momentum, Solciety is creating a political party for degens.
At its core is the Meme Campaigner. It’s a tool that offers a meme generator, allowing anyone to create and share hot takes, parodies or satire in the politics arena. The share button allows creators to upload these memes on X, letting them go viral as they build a community that coalesces around the larger Solciety project.
SLCTY will power engagements within this community, going beyond the election. In this scenario, Solciety targets being the top PolitiFi token.
Should you buy SLCTY?
U.S election and the politics that come with it has fueled PolitiFi tokens higher, bringing new liquidity as buyers overwhelm sellers.
Drawdowns of between 70% and 86% for the top political meme coins suggest it’s a buying opportunity at current levels.
But while interest in the Trump and Harris related coins continue to rise, savvy investors are betting on Solciety. The project is poised to enter stage six of the presale, which would leave only two more stages before token claims open.
Currently, presale participants can grab SLCTY tokens at $0.002289 before the price increases to $0.002357 in the next stage. Analysts say Bitcoin will likely explode in the next few months and meme coins is still a major narrative.
If this is the outlook, then adding Solciety to the meme coin portfolio could be a savvy move.
More details about the project are on the official website.
