Political memecoins expected to see volatility as Trump-Biden debate nears, analysts say | Headlines | News | CoinMarketCap

06/21/2024 19:14
Political memecoins expected to see volatility as Trump-Biden debate nears, analysts say | Headlines | News | CoinMarketCap

The televised U.S. presidential debate between incumbent Joe Biden and Donald Trump will air live on June 27. The face-off will compare both …

The televised U.S. presidential debate between incumbent Joe Biden and Donald Trump will air live on June 27.

The face-off will compare both candidates’ proposed policies. Amid this scenario, analysts at crypto exchange Bitfinex predict that political memecoins or “Politifi” tokens inspired by Trump and Biden—such as the Ethereum-based Super Trump and Maga, and the Solana-based, misspelled, Jeo Boden and Doland Tremp—could experience volatile price movements during and after the debate.

"There could be significant movement for 'Politifi' tokens during and after the debate depending on their performance as these tokens have turned into speculative assets themselves in terms of the election results," Bitfinex analysts told The Block. The analysts added that it is important to note that

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