- Solciety (SLCTY) is a new PolitiFi token on Solana.
- BODEN and TREMP are two of the top PolitiFi meme coins that could experience volatility this week.
- Despite Bitcoin’s struggles, the Biden vs. Trump debate may be a huge catalyst.
Most meme coins have traded lower in the past week, with recent gains evaporating amid broader market declines. But while Bitcoin continues to struggle to signal potential downside continuation, top politics-related meme coins are targeting a likely catalyst in this week’s US presidential debate.
PolitiFi tokens to watch include Donald Tremp (TREMP) and Jeo Boden (BODEN). Also likely to make huge moves in the sector is Solciety (SLCTY), the new “political party for degens” that recently launched on Solana.
Bitcoin dips to near $60k again as bears strengthen
Bitcoin price fell to near $61,000 on Monday as a confluence of factors helped bears reiterate their presence in the market. Macroeconomic factors have played their part in recent weeks, as has increased sell-off pressure from miners and large BTC holders.
The downturn today comes amid news that defunct crypto exchange Mt.Gox has plans to start repayments for creditors in July. Bears have reacted strongly to the news, and could pull BTC to the psychological $60,000 threshold.
In May, Bitcioin fell to near $56k amid post-halving declines tempered with other downside catalysts. But despite these short-term declines, the overall long term view for the flagship cryptoccurrency is bullish.
BODEN, TREMP eye debate week bounce
Although the political meme coins space has cooled in the past week or so, temperatures are expected spike again as the US heads for its first televised debate between Joe Biden and Donald Trump.
That event comes on Thursday, June 27, 2024 – the first face-off between the incumbent Biden and former president Trump. Crypto, and political memecoins, or PolitiFi tokens, are likely to see some volatility related to the debate.
Apart from MAGA (TRUMP) and Super Trump (STRUMP), two tokens likely to be meme coins limelight will be Jeo Boden (BODEN) and Doland Tremp (TREMP). None of these coins have a direct connection with the political figures. Nonetheless, political satire and viral moments have created an environment for meme coin speculation.
In this case, comments on crypto and hints at policy shifts could provide a trigger. TREMP…