With the arrival of the 2024 US presidential election, the crypto prices skyrocketed as soon as the votes started coming in. As Trump got in the lead, his pro-crypto stance encouraged traders and investors alike, bringing a massive wave of optimism to the industry.
The former president’s re-election gave the prices a second wind, pushing them up even further even after many of them have reached their apparent limits. Now, two days after the election itself and only 24 hours after Trump’s victory has been announced, the market is still bullish, although many cryptocurrencies are seeing a slight correction.
However, there are some that are still trading deeply in the green, thanks to impressive gains that they saw in the last few days. It is also worth noting that one project, from the newly popular PolitiFi sector, saw a lot of new investors join up even though it is still in presale.
Ethereum (ETH)
Ethereum is a good example of a cryptocurrency that has skyrocketed in the last two days only to remain at its new height. The industry’s largest altcoin and the second-largest crypto by market cap surged from $2,400 on November 5 to around $2,870 earlier today.
Its price did correct slightly, but it still sits above $2.8k mark. Of course, the project is still far away from its all-time high, seen in November 2021, although many assume it will not only reach it, but go far beyond it once the real crypto bull run kicks off.
For the moment, Ethereum is the top performer among the top 10 largest cryptos by market cap, having surged over 7% in the last 24 hours, which is quite a significant increase for a cryptocurrency whose value is measured in thousands of dollars per coin, making it very valuable to hold right now.
Solana (SOL)
Other than Ethereum, Solana also made a name for itself in the last week, after skyrocketing from $155 to a resistance at $190. The coin hit this barrier early on November 6, even before Trump was announced as the winner, but it was unable to breach it.
Even so, the SOL price never stepped too far away from this level, and it did briefly go above it in the early hours this Thursday. It briefly climbed to $191.59 before correcting back to $186, which is where it sits at the time of writing.
The coin’s price has seen small fluctuations lately, and its price is at pretty much the same place where it was 24 hours ago, but its weekly performance shows a 7% increase, even though most of it happened in the last 48 hours.
But, Solana has impressed many this year with its growth and development, especially when it comes to its meme coin sector, so it would not be surprising if it ended up becoming one of the top performers during the next bull run.
FreeDum FIghters (DUM)
Finally, we have FreeDum Fighters, which is not even out in circulation, unlike the other two projects on this list. FreeDum Fighters is a mix of several things, such as GameFi, PolitiFi, meme coins, and DeFi.
Essentially, it is a satirical project inspired by the election, featuring mechanized versions of Trump and Harris, calling them MAGATRON and KAMACOP, respectively. The project has created a native cryptocurrency called the DUM token, and those who buy it get to stake it in one of two pools.
Each of the pools was created as a way to support one of the two combatants locked in the ultimate showdown. However, it also added some extra mechanics, such as making KAMACOP’s pool rewards higher when MAGATRON gains more supporters. The idea is to have users shed the blind loyalty and play both sides to achieve maximum gains for their own benefits.
In addition, the project also introduced weekly debates where users could provide arguments to explain their choice and strategy, and potentially provide new insight for others in the community. This is highly encouraged, and those who end up being the best at these debates can even get secret airdrops.
While the election is now over and Trump/MAGATRON has won, the project’s voting remains open, allowing the token holders to continue staking their coins and benefit from the situation. Its ICO raised over $446k as of November 7, while the DUM token sells for only $0.00007 apiece. Over 8.3 billion tokens have already been sold, and you can still join the presale now and start earning rewards by choosing between the pools.
BUY DUM NOW AND VOTE STRATEGICALLY FOR MAXIMUM GAINS
Each of the three cryptos has shown promise and potential for gains. ETH surged in the last day, Solana in the last week, and FreeDum Fighters holds great potential to dominate the PolitiFi sector, especially since it will introduce similar debates and political showdown in the future.
With that said, investors definitely have plenty of different options, where everyone can find something that they believe will be successful once the next big crypto bull run arrives, likely in early 2025.
