The US political landscape is taking center stage as we head toward the 2024 presidential election, and crypto degens are taking big bets.
This month, Solana-based Trump parody token Doland Tremp ($TREMP) has soared 137%. But can it create new highs as the November election approaches?
$TREMP to Rally On Expected Uptick In Retail Interest
All eyes are on PolitiFi tokens, and that could be huge for Doland Tremp.
In the coming weeks, we can expect traders to continue investing in the PolitiFi narrative to ride the electoral hype.
Currently, $TREMP is trending, with many analysts talking about it.
And it’s the leading PolitiFi token on Solana, so it could attract disproportionate liquidity.
Solana is now the leading blockchain based on users, with Token Terminal reporting that it had 6.3 million active users yesterday alone.
For reference, that’s over 10x higher than Ethereum, which had 411K active users.
The masses use Solana, so as they seek exposure to the PolitiFi narrative, Doland Tremp is positioned for major inflows.
And here’s where it gets interesting: its price chart also indicates a parabolic rally is imminent.
Analyst Crypto-ROD predicts a 200% gain next month, targeting $0.9 based on a falling wedge pattern breakout.
Meanwhile, Dankt1 points to Tremp’s existing high, around $1.5. This would mark approximately a 5x gain from its current price.
With relevance to the biggest political event in years – coupled with a meme coin allure and frontrunning position on Solana – Tremp has everything it needs to explode.
With that in mind, Dankt1’s prediction of $1.5 cannot be ruled out.
Moreover, trader Crypto June underscored that PolitiFi tokens are about to surge in demand as “dumb money buys the green candles” amid the heightened election-related interest.
However, the analyst proposes another PolitiFi meme coin that could outpace Doland Tremp thanks to its early stage and innovative utilities.
FreeDum Fighters: the Multi Chain PolitFi Token That Lets You Earn Through Voting and Debating
Crypto June says that the PolitiFi narrative has generated immense gains for investors this year, but FreeDum Fighters might be the biggest yet.
The project satirically mirrors the US presidential elections. Users can vote on which candidate they think will win and earn $DUM tokens.
There are two staking pools, one for “MAGATRON” and one for “Kamacop 9000.” Tokens will be awarded to those who stake their tokens in the winning candidate’s pool.
However, rewards will be balanced to incentivize stakers to back the underdog and add extra excitement to the project.
Users can also participate in weekly political debates to extend their token-earning potential.
And that’s not all. FreeDum Fighters will be the first multi chain PolitiFi token, available on Ethereum, Solana, BSC, and Base. This gives it an advantage over all other PolitiFi projects and opens it to deep liquidity.
Based on that, it’s no surprise that Crypto June is backing it for gains, suggesting it could be the “next big” PolitiFi project.
Meanwhile, other analysts have given exciting predictions. For instance, Wolf’s Den Crypto says it can 100x.
The project is undergoing a presale and has raised $225K so far.
Those seeking the best price should act fast because it will incrementally increase throughout the campaign.
