Trump-based tokens on fire ahead of U.S election

Trump-based PolitiFi tokens surged ahead of the US election with some reporting gains of over 100% for the past day.

Doland Tremp, Super Trump, TrumpCoin, and other meme coins based on the former US president Donald Trump witnessed notable gains.

Trump has gained widespread recognition as a big fan of the crypto industry. He has promised to establish a Bitcoin reserve for the country to reduce the $35 trillion in U.S. debt in the coming years. Additionally, he has pledged to establish the United States as the global center of cryptocurrency.

The excitement around political meme coins increased because of the November 5th presidential elections, which are expected to influence the crypto industry’s future domestically and globally.

Trump tokens continued to lead even as the former president’s odds of winning were declining across prediction platforms. At the time of writing, polymarket statistics showed that Trump’s chances of winning had dropped from 66.9% on October 30 to 56%.

However, investors are still somewhat skewed toward Trump’s prospects of winning the presidency again as seen by by the price action of these digital tokens
The only positive meme coin centered around Vice President Kamala Harris was Kamabla (KAMABLA). With intra-day highs and lows of $0.00078 and $0.00049, respectively, KAMABLA rose 32.7% over the previous day.

Harris’s prospects increased from 33.5% to 44%, indicating a change in market sentiment as investors began to lean toward an uncertain outcome due to polling errors in previous election years.