The US election concept meme is forming a hurricane in the crypto circle.
On May 13, Trump invited some of his NFT holders to a dinner party, and the video went viral in the crypto community. In the video, Trump said he accepted the development of cryptocurrencies and criticized Biden and the Democratic Party for their hostility to cryptocurrencies.
For two weeks, the community first watched the excitement, then quarreled over voting for Trump, and finally discussed the issue of "cryptocurrency and politics". Trump's pro-crypto move brought a lot of "emotional value" to the community. "If you support cryptocurrency, you'd better vote for Trump." This became one of the campaign strategies of the Trump team.
This also makes Trump's Crypto Meme track popular again . In recent days, Trump's eponymous meme coin TRUMP, which has been sideways for two months, has risen sharply, with the highest increase of 140%. Obviously, in these 6 months, as a person in the crypto who continues to pay attention to and hype the concept of the US election, there may be more opportunities to make money. So, what are the important time nodes and important targets that need to be kept an eye on?
Key time points
Now, US President Joe Biden and Donald Trump have defeated their respective opponents and are almost certain to become the final candidates in the US presidential election in November. The result marks the beginning of the official campaign in 2024, following the 2020 presidential election, when the two will face off again.
Most polls show a tight race between Biden and Trump ahead of the showdown on November 5. There are still six months to go, and there will certainly be a lot of drama in that time.
June 27: First debate
Presidential debates are very important in American elections and can greatly change the direction and process of an election. Debates are not only a platform for presenting 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 general election debates in June and September, and the two sides have already attacked each other on social media over the prospect of a showdown, foreshadowing a testy showdown.
September 10: Second debate
After Trump and Biden accepted the invitation to the debate on June 27, they also announced that they agreed to hold the second general election debate on September 10.
In the past, there were usually three presidential debates, but this time there are only two, so the importance of the second debate is even more prominent. The first debate will be hosted by CNN, and the second general election debate will be hosted by ABC.
This September debate may be the last official showdown between the two this year, and it may be more intense and is expected to attract national attention again. Through these debates, voters can get a deeper understanding of the candidates' policies and views, and see their adaptability and demeanor in heated conversations, such as the two candidates' changing attitudes towards cryptocurrency.
The process of the second debate will also have a profound impact on the outcome of the election and is a key node that investors who speculate on Meme coins cannot ignore.
November 5: Election day
The 2024 U.S. presidential election will be held on November 5 (Tuesday), which will be the 60th presidential election in U.S. history. At that time, there will also be congressional elections, including 435 seats in the House of Representatives and 33 seats in the Senate, which will be re-elected to produce the 119th U.S. Congress.
On this important day, voters will vote to select the members of the Electoral College, who will then vote to determine the candidates for the new President and Vice President of the United States. Therefore, in addition to hyping up Memes about the President of the United States, you can also hype up other people's Meme coins.
January 20, 2025: Swearing-in
The new president will be sworn in on January 20, 2025. This day marks the official start of the new president's administration and the completion of a peaceful transition of power. The swearing-in ceremony is usually held on the west side of the U.S. Capitol, and the new president is sworn in under the supervision of the Chief Justice of the Supreme Court.
The inauguration is more than just a solemn ceremony; it is also an opportunity for the new president to make his first address to the nation and the world, in which he typically lays out 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 diplomatic strategy may have a significant impact on the market. If the new president says some famous quotes with strong communication power, some new memes will also appear.
Which tokens will be affected by the process and results of the US election?
1. Trump Token MAGA ($TRUMP)
Recently, Trump expressed his support for the development of cryptocurrency in a video of his participation in a conference, and called on everyone to vote for him. This video went viral in the cryptocurrency circle, and Trump's supporters were very excited, which brought new hope for the future of cryptocurrency.
Trump's comments not only shook the cryptocurrency market, but also directly caused the price of Trump-themed meme coins ($TRUMP) to soar. Because the liquidity and depth of NFTs are not very good, the price of tokens may follow the changes in hot events more closely and be more suitable for hype.
MAGA (Make America Great Again) is Trump’s classic campaign slogan. The MAGA movement is a political movement centered on American nativism and emerged during Trump’s 2016 presidential campaign.
At present, $TRUMP is one of the most powerful US election concept meme coins.
2. Biden Token Jeo Boden ($Boden)
Since it went on sale in March, $Boden has become one of the most talked about meme coins. It is a Solana blockchain-based coin that has seen huge growth 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 politicians, but also involve the fields of entertainment, culture, business and religion. They usually form unique cultural phenomena through homophony and variants of English words, just like the "Shamatte" trend 15 years ago. Their artistic expression often has exaggerated visual effects of stretching necks and tilting heads, full of funny and humorous elements.
According to dexscreener, the market value of $Boden is $268.8M. As one of the two major candidates in the US presidential election, $Boden will definitely have a hype boom during the election.
3. DAO Governance $PEOPLE
Since May, the price of $PEOPLE has been rising, mainly due to the concept of US elections. This token represents the concept of decentralized autonomy. Through crowdfunding, it bought the last publicly auctioned copy of the US Constitution at Sotheby's auction, achieving the goal of "common ownership", a symbol of human rights and the spirit of decentralization.
The core of $PEOPLE has a distinct left-wing color, which can attract investors with the same ideas. It is precisely because of this concept that $PEOPLE has gained an advantage in the market.
4. American Coin ($USA)
American Coin is a token with Meme attributes. Its promotional copy is very similar to the American Declaration of Independence, giving $USA more cultural and political significance.
"It's Monday, November 4th. Eggs cost $20 a carton. The average home starts at $1 million. The baby boomers have robbed you of your future, and you live in a cockroach nest, listening to politicians say you can be happy as long as you have Borden. This is a future that Americans don't want to see. That's why $USA is here. $USA exists to fight this future. $USA is not a political token. It's a call, a cultural renaissance. $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 identity with American culture and history. $USA is not only an investment target, but also a symbol of cultural revival.
5. $PEPE, the coin of the century
What does PEPE represent in the crypto world? I guess many people are confused, but its user base and obsession will only make you feel confused and shocked. The spread of the pepe meme model can easily become a tool to bring young voters closer, just like Trump once posted an illustration on Twitter, depicting himself as a Pepe frog standing on the podium with the national emblem of the US president behind him. The president of a country can make himself and PEPE a thorn to attract new-age netizens, not to mention the intensity of the election. Trump can use it, Biden can use it, and everyone can use pepe to mock themselves and attack their opponents. How broad is the market for pepe!
