These 3 PolitiFi Meme Coins See Huge Gains as the US Elections Near

3 mins
Updated by Daria Krasnova
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In Brief

  • PolitiFi meme coins tied to the top US presidential candidates surge as election-related interest rose in recent days.
  • MAGA (TRUMP) jumped 75.60%, reaching $3.19, with potential further gains if crypto becomes a campaign topic.
  • Kamala Horris (KAMA) and Jeo Boden (BODEN) also experienced price increases of 68.50% and 62%, respectively.
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The US presidential election is scheduled for November 5. With October already here, meme coins tied to the top 3 presidential candidates, dubbed “PolitiFi meme coins,” have seen explosive growth amid the heightened political climate.

Among them is MAGA (TRUMP), which the meme coin community built in favor of former President Donald Trump. The other two include Kamala Horris (KAMA), which supports current Vice President Kamala Harris, and lately, Jeo Boden (BODEN), a token initially deployed when current President Joe Biden was still in the race.

MAGA (TRUMP)

Two weeks ago, PolitiFi meme coins plummeted to their lowest points in seven months. MAGA (TRUMP), which is reflective of Donald Trump’s Make America Great Again campaign, also felt the heat during that period.

But in the last seven days, TRUMP’s price has increased by 75.60% and currently changes hands at $3.19. This renewed rally is linked to the speculation that the US presidential candidate may start mentioning crypto in their campaign even though they’ve avoided it in past debates. 

According to the 4-hour chart, the recent resurgence was also validated by the golden cross on September 26. For context, a golden cross occurs when the shorter Exponential Moving Average (EMA) crosses above the longer one.

As seen below, the 20 EMA (blue) had crossed over the 50 EMA (yellow). Apart from that, the Relative Strength Index (RSI), which measures momentum, is now above the signal line and reinforces the bullish thesis.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

MAGA TRUMP PolitFi meme coin price analysis
MAGA 4-Hour Analysis. Source: TradingView

Should this remain the same, TRUMP’s price could breach the overhead resistance at $3.40. If that happens, the meme coin’s value might climb to $4.11 before the US elections come in full force.

However, if Trump’s chances of winning the election drop significantly in the coming weeks, this forecast might not happen. Instead, the token might decline to $2.35 if it fails to hold the support line at $2.82.

Kamala Horris (KAMA)

KAMA’s price is currently $0.0087, representing a 68.50% increase within the past week. The meme coin initially plunged to $0.0053 on Thursday, September 26. But since Kamala Harris reportedly displayed commitment toward crypto expansion, the token has been rising.

Despite significant gains, the 4-hour chart suggests KAMA’s price may face challenges in maintaining its upward trend. This is primarily due to the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD), both momentum indicators, turning downward.

As such, KAMA  might experience a pullback as it attempts to hit $0.0090. If the meme coin does not break above this point, a decline could be next.

Kamala Horris meme coin price rises
Kamala Horris 4-Hour Analysis. Source: TradingView

In that scenario, KAMA’s price could decrease to $0.0075. Increased buying pressure and rising support for Kamala Harris on the outside could change things for the better. Should that happen, KAMA could erase one zero and climb to $0.011.

Jeo Boden (BODEN)

Jeo Boden was a trending PolitiFi meme coin and registered notable upswings earlier in the year.  However, after President Joe Biden dropped out of the race, BODEN’s price crashed.

Things are starting to change again, especially as the token increased by 62% in the last seven days. This uptrend suggests that, even though Biden is no longer a candidate, BODEN could remain a notable force among PolitiFi meme coins.

As of this writing, BODEN’s price is $0.0092. Based on the 4-hour chart, the Bull Bear Power (BBP) had hit higher green histogram bars. The BBP measures the strength of buyers to sellers. When it increases, buyers (bulls) are in control, and the price might increase. 

Read more: Best Crypto To Buy Now: Top Coins To Keep an Eye on in October 2024

BODEN PoltiFi meme coin price analysis
Jeo Boden 4-Hour Analysis. Source: TradingView

Conversely, a negative reading of the BB suggests that bears (sellers) are dominant. Considering the current condition, BODEN’s price could be set to climb to $0.011. Retracement to $0.083 might, however, happen if buying pressure decreases. 

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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Victor Olanrewaju
Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto,...
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