Discover the potential post-election trajectory of political-based memecoins like Trump-backed tokens amidst the evolving crypto landscape. Dive into insights on the survival challenges and expansion opportunities faced by PolitiFi coins in the wake of the US presidential election. Explore why community engagement, utility, and lasting value proposition are critical for the longevity of meme currencies.

Political-based memecoins are making waves in the crypto sphere leading up to the high-stakes US presidential election of 2024. Tokens like Jeo Boden (BODEN) and Maga (TRUMP) have surged, outperforming other memecoin categories. Will this trend sustain beyond the election frenzy, or are these tokens destined to fade into obscurity post-election?


The market sentiment anticipates a surge followed by a decline in PolitiFi memecoins after Election Day. However, some industry experts believe in the potential for these meme currencies to not only withstand the expected drop-off but also thrive post-election. By evolving into campaign coins, candidate-specific tokens, or movement-driven cryptocurrencies, political memecoins could redefine their utility and value proposition, transforming into enduring assets.


Unlike traditional currencies that rely on solid fundamentals or utility, memecoins thrive on social media-driven hype and sentiment. However, this fast growth often leads to a swift decline, with the average lifespan of a memecoin rarely exceeding three months. Surprisingly, since 2024, a staggering 97% of memecoins have perished, emphasizing the speculative nature of these assets.


Investors view memecoins as a form of gambling, with little intent to hold them long-term. The future of PolitiFi memecoins hinges on their ability to offer tangible utility post-election. Tokens that can go beyond their initial premise and foster enduring communities have a higher chance of survival in the volatile world of memecoins.


PolitiFi memecoins present a novel way for individuals to express their political views and engage in a gamified form of political activism. Coins that build communities around shared ideological interests or speculative ambitions are more likely to persist through the electoral cycle. However, amidst the plethora of new token launches, selecting projects with genuine political backgrounds over "cabal coins" created for quick exploitation poses a challenge for traders.


Donald Trump remains a central figure in the political memecoin market, reflecting his ability to captivate media attention and drive discussions. Trump's strong meme-driven community and viral social media moments make him a prime candidate for speculative tokens. In contrast, political figures like Kamala Harris and Joe Biden have not garnered the same level of interest in the memecoin market.


Moving forward, the survival and growth of PolitiFi memecoins rest on their capacity to evolve beyond their current state and offer clear use cases. By incentivizing grassroots involvement, fostering ongoing engagement in political movements, and fundraising through memecoins, these tokens could become potent tools amalgamating politics and finance seamlessly.


As crypto enthusiasts navigate the dynamic landscape of meme currencies, the fate of PolitiFi tokens hinges on their ability to adapt, evolve, and offer lasting value propositions that resonate with their communities. Amidst the volatility and uncertainty, the future of Trump-based memecoins and their political counterparts post-election could shape the narrative of meme currencies in the crypto sphere.


(Daniel Ramirez-Escudero, Cointelegraph, 2024)