The post PolitiFi Outperforms Meme Coins, AI Tokens As Bitcoin Price Hits $72k – Best Crypto Sector To Invest In? appeared on BitcoinEthereumNews.com.

The PolitiFi market capitalization has bounced up by 15%, standing at $853 million at press time, data from CoinGecko reveals. On the contrary, memes and the AI sector are up 10% and 5%, respectively.   Trump coins including MAGA, MAGA Hat and Dolan Tremp have shown outsized growth.  A new PolitiFi project – FreeDum Fighters (DUM) – is also in high demand during its ongoing presale, having already raised over $340k. The project has even appealed to smart money investors, with some calling it one of the best cryptos to buy now.  PolitiFi Coins Skyrocket, Outperform Memes and AI The PolitiFi sector is a subsection of the meme coin space. However, PolitiFi coins are outperforming traditional meme coins after the latest Bitcoin rally. The Bitcoin price hit $72k on Tuesday as the US Presidential Election draws near.  The market is largely pricing in a Donald Trump victory on November 5th. For instance, Trump has 66% odds of victory, according to Polymarket election bettors.  In fact, experts believe that this week’s Bitcoin price rally is largely due to Trump’s favourable chances of winning the White House next week.  Unsurprisingly, Trump coins are also soaring. For instance, the MAGA Hat price is up by 22% today on Tuesday and is now trading at $0.00026 with a market capitalization of $110 million. The meme coin is up by 80% over the past week and nearly 300% over the past month.  MAGA Hat appears poised to flip MAGA (TRUMP), which is trading at $4.18 after rallying by 31% over the past week.  A micro-cap project – Doland Tremp (TREMP) – is also showing impressive strength, rallying by 10% today and 150% over the past weeks.  Unsurprisingly, Kamala Horris (KAMA) – a PolitiFi project inspired by Vice President Kamala Harris – is underperforming Trump coins. Harris…

---

Filed under: News - @ October 30, 2024 3:09 am