SHIB has formed a flag structure in recent weeks.
If it breaks north, it could coincide with crossing the 200-day moving average (200DMA) to the north.
And this could be the catalyst to bring SHIB back to its yearly high of around 0.000045 USD, which is almost 3 times the current level.
As the US Federal Reserve (Fed) cuts interest rates and the prospect of a Donald Trump victory in the US presidential election is looming, major cryptocurrencies could soon see a strong surge and the meme coin season may be approaching.
SHIB may be doing very well, but smaller and lesser-known meme coins could be the real outperformers.
As the US election is approaching, political meme coins could be the shining stars.
That's why a new token themed around the US election called FreeDum Fighters (DUM) is attracting so much attention.
Here's everything you need to know about this new and exciting ICO.
New ICO FreeDum Fighters (DUM)
FreeDum Fighters is a new community-oriented PolitiFi meme coin that turns the battle between Republican candidate Donald Trump and Democratic candidate Kamala Harris into a game.
The new DUM ICO aims to replicate the success of previous PolitiFi tokens like TREMP, MAGA and BODEN.
However, while these tokens lacked real utility (one of the reasons for their short-term success), FreeDum Fighters (DUM) aims for sustainability and long-term value creation.
FreeDum Fighters is the "ultimate battle" between two virtual political figures - MAGATRON and Kamacop 9000.
DUM investors can choose one of the two teams and bet with different reward levels based on the popularity of the two main characters, and participate in weekly debates to earn DUM Airdrop.
40% of the total token supply is available in the pre-sale, with 20% for the liquidation group, 20% for the betting group, 10% for debate rewards, and 20% for other activities.
Pre-sale of DUM exceeds 200,000 USD
The new ICO has raised over 230,000 USD from early investors, even though it was just launched a few days ago.
That's surprising - many experts have unanimously voiced their support for DUM.
Renowned pre-sale analyst Jacob Crypto Bury recently posted a video claiming that DUM has 10x potential.
He also emphasized the massive profits currently available for pre-sale investors.
The MAGATRON group is currently generating around 800% APY, thanks to its greater popularity.
With these APYs, investors can double or triple their initial DUM amount in just a few weeks.
Moreover, Squidgrow Joe has also given a positive review of this new ICO.
Meanwhile, Wolf's Crypto Den said that FreeDum Fighters could capitalize on the stories and news leading up to the US election and even 100x.
You can easily buy DUM with ETH on Ethereum or Base networks, as well as with BNB, SOL, USDT and USDC.
