PolitiFi coin performance outperforms traditional memecoins, with the US election as the main driving force.

Recent data shows that the cryptocurrency PolitiFi, inspired by political themes, has outperformed traditional memecoins in the market. This phenomenon is closely related to the upcoming presidential election in the United States, attracting the attention of numerous speculators.

From the beginning of this year to August 25, PolitiFi coins have grown by 782.4%, while traditional memecoins have only grown by 90.2% during the same period. As of recently, PolitiFi coins account for 1.5% of the memecoin market, with a market capitalization of $68.08 billion. In comparison, the total market capitalization of the entire memecoin market is $45.6 billion, mainly dominated by DOGE, SHIB, and PEPE.

It is worth noting that the PolitiFi coin reached its peak on June 16, accounting for 3.3% of the market share, equivalent to a market value of 1.9 billion USD. However, the activity of this type of cryptocurrency has since decreased by more than half, reflecting a decline in investor interest in such tokens.

The largest market cap in the PolitiFi coin is PEOPLE, reaching $385.6 million. The project was originally created by ConstitutionDAO with the aim of raising funds to purchase an original copy of the U.S. Constitution. Although it did not achieve its original goal, the coin has still achieved some success in the market. Since the beginning of this year, the valuation of PEOPLE has increased from $64.9 million to $385.6 million, a rise of 494.3%.

The second most popular PolitiFi coin is MAGA, themed around a well-known political figure, with a market capitalization of $178.9 million. Since the beginning of the year, its price has increased by 1350.9%. The coin peaked in early June, with a market cap reaching as high as $789.8 million.

The third largest PolitiFi coin, MAGAHat, has also seen significant growth, with an increase of 1292.1% so far this year, and its market value rising from 2.6 million dollars to 35.5 million dollars. Other notable PolitiFi coins include BODEN, themed around the current president, and KAMA, themed around the vice president.

However, it is worth noting that most of these PolitiFi coins experienced a three-month downtrend after reaching their historical highs around June. As the election date approaches, the speculative frenzy gradually cools down. This may be because the election results become more predictable, reducing the scope for speculation.

In addition, certain events where token values drop to zero (such as the collapse of BODEN when relevant political figures withdrew from the election) may have triggered negative sentiment in the market. It is expected that after the U.S. elections, these PolitiFi coins may lose their reason for existence and face the risk of further decline.

Investors should exercise caution regarding these high-risk, easily manipulated crypto products. As the election results are announced, the speculative value of these tokens may quickly dissipate.