{"id":16473,"date":"2024-08-28T14:14:25","date_gmt":"2024-08-28T11:14:25","guid":{"rendered":"https:\/\/forklog.com\/en\/politifi-tokens-surpass-meme-coins-with-782-growth-this-year\/"},"modified":"2024-08-28T14:14:25","modified_gmt":"2024-08-28T11:14:25","slug":"politifi-tokens-surpass-meme-coins-with-782-growth-this-year","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/politifi-tokens-surpass-meme-coins-with-782-growth-this-year\/","title":{"rendered":"PolitiFi Tokens Surpass Meme Coins with 782% Growth This Year"},"content":{"rendered":"<p>In 2024, the &#8220;political coins&#8221; category, known as PolitiFi, has significantly outpaced the growth of the entire meme coin segment, achieving a 782.4% increase in market capitalization compared to 90.2% for meme coins. This was highlighted by CoinGecko.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">How did PolitiFi coins perform against meme coins? ?<\/p>\n<p>Our study shows that the PolitiFI coins category rose by 782.4% from January 1 to August 25, 2024, outperforming the broader meme coins category, which rose by 90.2% in the same period.<\/p>\n<p>Read the full study:\u2026 <a href=\"https:\/\/t.co\/xg9vxIJmT7\">pic.twitter.com\/xg9vxIJmT7<\/a><\/p>\n<p>\u2014 CoinGecko (@coingecko) <a href=\"https:\/\/twitter.com\/coingecko\/status\/1828402218116227558?ref_src=twsrc%5Etfw\">August 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Despite this, the market share of PolitiFi tokens within the meme token segment was 1.5% of the total $45.6 billion as of August 25. At its peak on July 16, the figure reached 3.3%.<\/p>\n<p>Of the total market supply of &#8220;political meme coins&#8221; amounting to $680.8 million, ConstitutionDAO (PEOPLE) accounts for $385.6 million. Since the beginning of the year, this value has increased by 494.3%, from $64.9 million.<\/p>\n<p>The asset was initially launched in November 2021 to raise funds for purchasing an original copy of the U.S. Constitution through a DAO. The organization lost the auction and returned the invested funds to participants.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Despite its dissolution, it managed to maintain leadership in the PolitiFi scene,&#8221; noted CoinGecko experts.<\/p>\n<\/blockquote>\n<p>The second-largest coin in the category is MAGA (TRUMP) with a capitalization of $178.9 million, marking a 1350.9% increase since the beginning of the year.<\/p>\n<p>In third place is another PolitiFi token also referencing former U.S. President Donald Trump. The total market value of MAGA Hat (MAGA) stands at $35.5 million. Since its launch in May, the figure has risen by 1292.1%.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;PolitiFi coins are a subset of the broader meme coin category, drawing inspiration from political figures and events. Most of these assets are satirical and are not officially affiliated with any politician,&#8221; emphasized CoinGecko analysts.<\/p>\n<\/blockquote>\n<p>They noted that the price movements of leading PolitiFi tokens are closely linked to news from the U.S. electoral cycle. For instance, the price of MAGA surged by 79.1% in a day following Trump&#8217;s nomination as the Republican candidate at the party convention in January.<\/p>\n<p>On May 30, the coin&#8217;s quotes jumped by 22.3% after the politician was found guilty on 34 counts related to a hush-money payment to porn star Stormy Daniels.<\/p>\n<p>In June, the Jeo Boden (BODEN) token plummeted by 42.8% after current President Joe Biden stumbled at a press conference, heightening concerns about his health and age.<\/p>\n<p>Back in July, the meme coin Kamala Horris (KAMA), dedicated to Vice President Kamala Harris, reached a new <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> following Biden&#8217;s announcement of his withdrawal from the presidential race and endorsement of his running mate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, the &#8220;political coins&#8221; category, known as PolitiFi, has significantly outpaced the growth of the entire meme coin segment, achieving a 782.4% increase in market capitalization compared to 90.2% for meme coins. This was highlighted by CoinGecko. How did PolitiFi coins perform against meme coins? ? Our study shows that the PolitiFI coins category [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1098,1161,1252,596],"class_list":["post-16473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coingecko","tag-memes","tag-reports","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16473"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16472"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}