The concept of the US election Meme is forming a hurricane in the crypto circle.
On May 13, Trump invited some of his NFT holders to a dinner, and the video of this event went viral in the crypto community. In the video, Trump expressed his acceptance of the development of cryptocurrency and criticized Biden and the Democratic Party for constantly opposing cryptocurrency.
For the past two weeks, the community has been excited to watch the excitement, then arguing about voting for Trump, and finally discussing the topic of "cryptocurrency and politics." Trump's pro-crypto move has brought a lot of "emotional value" to the community. "If you support cryptocurrency, you better vote for Trump" has become one of Trump's campaign strategies.
This has also reignited the Trump Crypto Meme track. In the past few days, TRUMP, the Trump-themed Meme coin that has been trading sideways for two months, has seen a significant increase, with the highest increase reaching 140%. Obviously, in these six months, as people in the coin circle continue to focus on and hype the concept of the US election, there may be more opportunities to make money. So, what are the important time points and targets that need to be closely watched?
Key time points
Currently, US President Joe Biden and Donald Trump have defeated their respective opponents and are almost certain to be the final candidates for the November US presidential election. This result marks the beginning of the official campaign for the 2024 election. After the 2020 presidential election, the two will face off again.
Most opinion polls show that the competition between Biden and Trump will be very intense before the showdown on November 5 this year. There are still 6 months left, and during this time, there will definitely be many dramatic events.
June 27: First debate
Presidential debates are very important in US elections and can greatly change the course and process of the election. Debates are not only a platform to showcase policy views, but also a battlefield for candidates to belittle and smear each other. Historically, debates have often become turning points in elections.
This year, Biden and Trump have agreed to hold presidential debates in June and September. Both sides have already attacked each other's prospects on social media, indicating a showdown full of gunpowder.
September 10: Second debate
After accepting the invitation for the June 27 debate, Trump and Biden also announced that they agreed to hold a second presidential debate on September 10.
In the past, presidential elections usually had three debates, but this time there are only two, making the second debate even more prominent. The first debate will be hosted by CNN, and the second presidential debate will be hosted by the American Broadcasting Company (ABC).
This September debate may be the last formal showdown between the two this year and is expected to attract national attention once again. Through these debates, voters can gain a deeper understanding of the candidates' policies and views, as well as their ability to respond and demeanor in intense dialogue, including changes in their attitudes towards cryptocurrency.
The process of the second debate will also have a profound impact on the election results and is a key point that investors in Meme coins cannot ignore.
November 5: Election Day
The 2024 US presidential election will be held on November 5 (Tuesday), the 60th presidential election in US history. At that time, there will also be congressional elections, including the re-election of all 435 seats in the House of Representatives and 33 seats in the Senate to form the 119th US Congress.
On this important day, voters will vote for members of the Electoral College, who will then vote to determine the new US president and vice president. Therefore, in addition to hyping Meme coins related to the US president, you can also hype Meme coins related to other individuals.
January 20, 2025: Inauguration
The new president will be inaugurated on January 20, 2025. This day marks the official start of the new president's term and symbolizes the completion of the transfer of power and peace. The inauguration ceremony is usually held on the west side of the US Capitol, where the new president takes the oath under the supervision of the Chief Justice of the Supreme Court.
The inauguration ceremony is not only a solemn event, but also an opportunity for the new president to deliver their first speech to the nation and the world. In this speech, the president usually outlines the policy direction and governing philosophy for the next four years.
Therefore, for the Meme coin market, the market reaction before and after the inauguration ceremony is also worth paying attention to. The new president's policy direction, economic plan, and foreign policy could all have a significant impact on the market, and there may be new Memes if the new president makes some influential statements.
Which tokens will be affected by the US election process and results?
1. Trump token MAGA ($TRUMP)
Recently, Trump expressed support for the development of cryptocurrency in a conference video and called on everyone to vote for him. This video has been widely circulated in the cryptocurrency community, and Trump's supporters are very excited, bringing new hope for the future of cryptocurrency.
Trump's comments not only shook the cryptocurrency market, but also directly caused the price of Meme coins based on Trump, such as $TRUMP, to soar. Because the liquidity and depth of NFTs are not very good, the price of the token may be more closely tied to changes in hot events, making it more suitable for speculation.
MAGA (Make America Great Again) is Trump's classic campaign slogan, and the MAGA movement is a political movement centered on American nationalism that emerged during Trump's 2016 presidential campaign.
Currently, $TRUMP is one of the strongest US election concept Meme coins.
2. Biden token Jeo Boden ($Boden)
Since its launch in March, $Boden has become one of the Meme coins that everyone is paying attention to. It is a coin based on the Solana blockchain, with a significant increase in value and a unique cultural phenomenon, attracting people like Ryan Selkis, the founder of zkSync, Phantom, and Messari.
These Meme coins are not just derivatives of political figures, but also involve entertainment, culture, business, and religious fields. They are often formed into unique cultural phenomena through puns and variations of English words, just like the "emo" trend 15 years ago. In their artistic expression, they often have exaggerated visual effects, full of whimsy and humor.
According to dexscreener's data, the market value of $Boden is $268.8 million. As one of the two major candidates in the US presidential election, $Boden will definitely be hyped during the election.
3. DAO governance token $PEOPLE
Since May, the price of $PEOPLE has been rising, mainly due to its association with the US election concept. This token represents the concept of decentralized autonomy and has achieved the goal of "common ownership" symbolizing human rights and decentralization by crowdfunding to buy the last publicly auctioned copy of the US Constitution at a Sotheby's auction.
The core of $PEOPLE has a clear left-wing color, which can attract like-minded investors. It is precisely because of this ideology that $PEOPLE has gained an advantage in the market.
4. Populist attribute American Coin ($USA)
American Coin is a token with Meme attributes, and its promotional copy is very similar to the US Declaration of Independence, giving $USA more cultural and political significance.
"Today is Monday, November 4th. A box of eggs costs $20. The average house price starts at $1 million. The baby boomer generation has taken away your future, and you live in a cockroach den, listening to politicians say that as long as there is Boden, you can be happy. This is not the future Americans want to see. This is why $USA is here. $USA exists to fight against such a future. $USA is not a political token. It is a call, a cultural revival. $USA represents you, those who want to reshape the beauty of America through the power of cryptocurrency."
This statement not only gives $USA cultural and political depth, but also attracts investors who have a strong sense of identification with American culture and history. $USA is not just an investment target, but also a symbol of cultural revival.
5. Century Meme Coin $PEPE
What does PEPE represent in the crypto circle? I guess many people are also confused, but the size and enthusiasm of its user base will only make you feel amazed. The spread of the Pepe meme pattern is also an easy tool to bring young voters closer, just like when Trump once posted an illustration on Twitter, depicting himself as a Pepe frog standing on the podium with the emblem of the US president behind him. If a national president can use Pepe to attract new era netizens, let alone the intensity of the election. If Trump can use it, Biden can use it, and anyone can use Pepe to self-deprecate and attack opponents, the market for Pepe is so broad!
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