The post what meme coin presales reveal about Trump and Harris appeared on BitcoinEthereumNews.com.

In the world of cryptocurrency, Token Generation Events are pivotal moments when a project creates and then distributes its tokens to early supporters, investors, or the public. Before their upcoming TGEs, projects often offer speculative future value in exchange for early buy-in, yet most investors know that the reality can be much less predictable. The U.S. election race closely mirrors token presales, where candidates’ promises resemble projected coin values exchanged for early support—voters commit based on a candidate’s perceived future potential, just as investors back tokens anticipating future gains.  Candidates, similar to crypto projects, build excitement and raise both actual and symbolic funds in the form of voter support, all while making grand promises about what they will deliver if elected. Trump and Harris’ strategies resemble not just typical token launches but meme coin presales, aiming to maximize voter buy-in with promises of massive returns in the form of policies and reforms.   Just as meme coin investors are swayed by hype and quick-return promises, voters are often attracted to candidates who make promises that sound like shortcuts to overnight success but frequently leave supporters disillusioned when those promises fall short. Meme market overview  As of this writing, the total market capitalization of meme coins has reached $75.3 billion.  Dogecoin leads with a market cap of $20.26 billion, followed by Shiba Inu with $10.44 billion and PEPE at $4.08 billion. According to Coinranking data, out of 7,623 meme coins currently listed, 54% are gainers this year, highlighting the ongoing enthusiasm around these playful digital assets.  Source: Marketvector Looking into the meme coin index, which tracks the performance of leading meme-based cryptocurrencies, it shows a 233.12% peak year-to-date growth around mid-March 2024, with sustained volatility throughout the year.  After the surge, the market faced sharp corrections, particularly through June and July, before…

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Filed under: News - @ November 4, 2024 8:25 pm