With less than 24 hours to the United States presidential election, the PolitiFi market segment is bustling, with the likes of TrumpCoin (DJT) leading the charge.
Despite the brief market-wide downtrend, this Trump-inspired token has witnessed a 100% price pump on the daily charts, establishing itself as one of the top crypto gainers.
Meanwhile, with the growing popularity of Trump among voters, analysts say DJT may continue climbing.
Is it the best election meme coin to buy now?
DJT Price Analysis
As Donald Trump makes the final push in the last few hours to the presidential election, DJT is making strong waves, emerging as one of the best-performing PolitiFi tokens in early November. A zoomed-out look at the charts indicates a surge of interest in the token in spite of the noticeable downtrend in the broader crypto market.
At the time of writing, $DJT has seen a spike of 250% in its 24-hour trading volume. Likewise, the token is up by more than 200% over the past week, oscillating between $0.00081 and $0.00085. While it still has an extremely low market cap, DJT has shown that it has all it takes to capitalize on the electoral trends in the United States to solidify its market position.
Taking into account the latest data from Polymarket, Trump is poised to win in almost all swing states. In the event that Trump eventually emerges as the 47th president of the United States, DJT will witness even more growth. However, a win for his opponent Harris will trigger a heavy drop in its value.
TrumpCoin Breaks Out Sharply To Form A Parabolic Curve
The DJT/USD price action in a 4-hour timeframe highlights a rapid surge in bullish momentum. Initially, the token experienced a period of consolidation with the yellow box on the charts moving sideways, indicating a balance between buying and selling forces.
However, following weekend reports that Trump could be coasting to victory in some of the battleground states, bulls have sprung to action to engineer a big bounce for DJT.
At press time, DJT sits on top of confluence support, strengthened by key bullish indicators on the charts, starting with the 50-day Simple Moving Average (SMA) (green) and the 200-day SMA (blue). In this case, the $0.00036 and $0.00028 act as immediate support levels, steadying the market’s uptrend.
Technical Indicators Flash Bullish In $DJT Market
DJT’s RSI is currently fluctuating between 72-75, indicating a major wave in purchases. If the buying appetite persists, DJT might witness another major upside, breaking above its current resistance level. However, in the event that it encounters any difficulty in rallying toward the $0.001 critical level due to profit-taking and diminishing buying strength, DJT might reverse to chase the $0.0002 support.
All in all, the bulls are currently in full control of the DJT market, quashing their seller counterparts. However, caution is advised for traders as the RSI roams around the overbought region. A retracement is likely to follow to allow TrumpCoin to sweep through more liquidity as already sidelined investors rush to buy lower-priced DJT tokens. For now, all eyes are on the immediate support at $0.00068.
New PolitiFi Token With 10x Growth Potential – FreeDum Fighters
While DJT demonstrates substantial growth potential, especially if Trump defeats his closest opponent, Kamala Harris, investors looking to further capitalize on the election buzz to amplify their returns are better off diversifying into similar alternatives like FreeDum Fighters (DUM) with unique passive earning possibilities.
With the election day drawing closer, FreeDum Fighters has emerged as the hottest, most promising PolitiFi meme coin to buy now. What sets this project apart from its peers is its distinctive approach to rallying the supporters of Kamala Harris and Donald Trump, allowing them to engage with the political spectacle while earning substantial rewards.
At its core, FreeDum Fighters features two central characters – MAGATRON and Kamacop 900 – which represent humorous caricatures of the two political bigwigs, giving a satirical take on the imminent US elections. On one side, MAGATRON is a digital character that symbolizes the conservative personality of Donald Trump. Kamacop 900, on the other hand, represents the progressive and liberal personality modeled after Harris.
While mirroring the real-life personalities and political ideologies of these candidates, MAGATRON and Kamacop 900 set the stage for a replica of the presidential elections in the blockchain space, battling for total mechanized supremacy. Supporters will be able to inflate the ego of any of their chosen candidates and fuel the political war machine by staking their $DUM tokens.
Unlike most presales that have launched this year, FreeDum Fighters has embraced a two staking pools, each named after the two characters. A key highlight of this strategic model is that whenever more people vote for Kamacop and stake their tokens in her pool, the MAGATRON pool will offer higher APY rewards. Also, in the event that the MAGATRON gathers more votes, the Kamacop pool will offer bigger rewards too.
Regardless of the side that investors choose, they will always enjoy the opportunity to earn passively through their engagement with the FreeDum Fighters ecosystem. This exciting earning possibility, coupled with its weekly social media debates, airdrop, and community-centric tokenomics makes FreeDum Fighters one of the newest PolitiFi projects to watch closely.
As the momentum surrounding the elections continues to dominate the airspace, top crypto market experts like ClayBro say FreeDum Fighters has the potential to lure more whales to its presale, secure major exchange listings upon launch, and deliver 10x returns as soon as it opens for trading.
Already, the project has raised upwards of $400k from early movers. It is currently selling for a discounted rate of $0.000065 per token and can be swapped with ETH.
For more information, follow FreeDum Fighters on X or join its Telegram channel.
