Political memecoins show extreme volatility before Trump-Biden debate, Pepe rises

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Last Updated on 27 June 2024 by CryptoTips.eu

Tonight the Americans will turn on their TV and watch the first political debate between current President Joe Biden and former President Donald Trump. A debate in June for elections scheduled in November.

Americans have never seen a presidential debate so early in an election year. The cryptsphere has never seen a new type of memecoins that respond to this type of news.

While Europe is still under the spell of Euro 2024, people in the United States have been looking ahead to the first presidential debate between Joe Biden and Donald Trump for weeks now. Political memecoins like Pepe, Trump and DJT are moving up and down. The global coverage of these coins could start a new bull run for Pepe, a coin favored by Trump supporters.

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PolitiFi

Reuters calls the political memecoins ‘PolitiFi’ or ‘political finance’. The market is still quite small with a value of $1 billion, but that is mainly because according to the major business media, Pepe is not part of the political memecoins.

After last week’s crypto scandal surrounding the DJT coin in which Donald Trump’s son may have been involved, the former Republican president’s campaign team has been very quiet on anything related to digital coins.

Yet it is clear that Donald Trump has embraced crypto in recent weeks and months and hopes to attract the owners of digital coins as new voters. 

So pay close attention to the prices of Trump, Boden and Pepe in the following days.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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