It looks interesting, but the story of PolitFi is not over yet, and it is expected to attract some attention until the November elections. One of the biggest events in the last 24 hours is the armed attack on Donald Trump. Although the attacker injured his ear, Trump gained a historic advantage.
Trump Shot, Altcoins Rise
BTC price increase was partly due to the bullet that missed Trump. The bullet grazed his ear, covering the former US President’s face in blood. Many in the US do not appreciate the attitude towards Trump. For example, the fact that the biggest candidate against Biden is the first former president to be prosecuted and sentenced in history. Trump became the first President in US history to be convicted.
The censorship on social media during the election period was a much older event. While Biden was supported by a significant portion of the mainstream, Trump’s voice was silenced digitally, and this changed after Elon Musk took over X.
Rising Altcoins
We mentioned that Trump gained a significant advantage for the November elections and that cryptocurrencies rose. Because he will speak at the Bitcoin conference this month and is expected to make ambitious statements. Moreover, his previous pro-crypto statements alone were enough for crypto investors to support him against Biden.
Democrats’ approach to cryptocurrencies has been extremely negative and strict for years. However, Trump did the right thing as the elections approached. Returning to altcoins, we have been talking about PolitFi altcoins for a few months. These are a mix of meme coins and fan tokens about Trump, Biden, and others.
One of the biggest is MAGA (TRUMP), and with the attack, the price increased by 30%. The volume rose by nearly 900%. These have no official connection with Trump or other politicians. However, since they are the most popular political meme coins, they can see significant volumes.
The altcoin named NEVER SURRENDER TRUMP increased by 330% with a market value of $1.3 million. Super Trump Coin rose by 36%. We saw such movements in many cryptocurrencies initiated about Trump. Although they surprisingly fell after the debate with Biden, the recent rise of Trump Coins shows that some excitement in the PolitFi field may remain alive until November.
