Politically inspired coins have risen in the past 24 hours after a broad market jump. Bullish sentiment was recorded in cryptocurrency assets as top coins rose. As institutions continue to accumulate Bitcoin (BTC), the asset’s price rose above $71,300 recording a 1.6% increase today pushing the weekly gains to 6%. This growth has also been seen in altcoins and memecoins.
especially, Meme coins It was the biggest winner, with the market value exceeding $69 billion. Up 5.1% Today Politically inspired coins have dominated the space in the wake of the run-up to the US presidential election. Cryptoassets have now become a major election issue with recent bills in Congress gaining momentum. Assets modeled after former US President Donald Trump and President Joe Biden have recorded inflows. Here are politically inspired meme coins to watch out for this week.
Opima (Opima)
Obema is the highest-grossing meme coin today with inflows reaching 257%. The asset price rose after Barack Obama ahead of the US elections and volatile market sentiment. Weekly gains stand at 224% after increased inflows to newer tokens. According to data from Queen GekkoOBEMA’s daily trading volume has risen to over $1.5 million.
Maja baby
MAGA PEPE is designed after Donald Trump and the high-flying meme baby. Trump-themed tokens made gains due to market comments and the presidential candidate’s personal holdings. The asset is up 103% today on daily volumes of $2.9 million.
The former president’s cryptocurrency holdings surpassed $30 million today. The upcoming US elections have ushered in the belief that Congress is capable of implementing regulatory reforms.
DT INO
This asset is up 15.9% today recording inflows of 179% in the past seven days. The market value of assets rose to $2.9 million on the back of new inflows. Trading volume around the token is low due to its recent entry into the market as holders gather to get more flows. Overall, the total market cap of politically motivated memes is $1.75 billion.
Read also: PEPE prices fall after days of rising: Sell or HODL