The post PolitiFi Coins Surge 782.4% in 2024, Outpacing The Rest of Memecoin Market appeared on BitcoinEthereumNews.com.

PolitiFi coins, or politics finance, have seen a huge increase of 782.4% so far this year, outpacing the broader memecoin market, which has grown by 90.2%. Despite this impressive growth, PolitiFi coins still make up a small part of the memecoin market. PolitiFi coins, as of August 25, are worth $680.8 million, which is only 1.5% of the entire memecoin market cap of $45.6 billion. On June 16, PolitiFi coins had an aggregate market cap of $1.6B, which accounted for 3.3% of memecoins. The stats have been provided by CoinGecko in its latest report. ConstitutionDAO (PEOPLE) Leads PolitiFi Coins with $385M Market Cap The current largest PolitiFi coin is ConstitutionDAO (PEOPLE) it has a market capitalization of $385,660,105. This coin has risen by 494.3% from the beginning of the year from the initial value of $64.9 million. ConstitutionDAO was initially started in early November 2021 with the aim of purchasing an original U.S. Constitution however, it lost the bid and as a result, was dissolved. It caused shutdown but still stands a major player in the context of PolitiFi market. The second is MAGA ($TRUMP) with market capitalization of $178,946,608 an impressive hike from $12,281,340 recorded as from January 2024. This particular crypto reached its all-time high of $789.8 million on 1st June when Donald Trump was charged with hush-money payments. After that, MAGA ($TRUMP) increased by, 22.3% to achieve its highest point. MAGA Hat Surges 1,292%, Reaches $35.5M Market Value The third largest one is MAGA Hat ($MAGA) which has the market value of $35.5 ml. Since its launch in May 2024, it has grown by 1,292.1% back then of $2.6 million and up to $232,400,000 of the all-time high on May 29. An increase in the population of PolitiFi coins is due to increased attention to the politics…

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Filed under: News - @ August 31, 2024 1:17 am