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Meme coins and political tokens (Politifi) have soared, reviving hopes of a potential bull run into October in the crypto market.
The market cap of Politifi tokens jumped more than 19% in the last 24 hours to $777.49 million, according to CoinGecko. At the same time, meme coins saw their market capitalization increase by 9%, marking a notable recovery and sparking investor optimism.
Trump-themed tokens soar after Elon Musk’s campaign appearance
Among the political tokens that saw their prices increase were cryptos linked to the former US president and Republican Party candidate, Donald Trump. This comes after tech billionaire Elon Musk spoke at a presidential candidate’s campaign rally in Butler, Pennsylvania.
Watch how PUMPED Elon Musk gets when Donald Trump invites him to speak on stage
He literally jumps for joy.
Trump announced: “His name is @ElonMusk! He saved freedom of expression. He created so many different great things. Where is he? Come here, Elon.
“He created the first… pic.twitter.com/odxFucalGj
– The Vigilant Fox 🦊 (@VigilantFox) October 5, 2024
Musk received a warm welcome from Trump at the rally.
“He saved freedom of expression. He created so many different great things,” Trump said. “He created the first major American automaker in generations. And his rocket company is the only reason we can now send American astronauts into space. »
Following Musk’s appearance, MAGA, MAGA Hat, and Doland Tremp all saw impressive price increases in the past 24 hours. MAGA surged more than 29%, while MAGA Hat and Doland Tremp generated 46% and 20%, respectively.
Meme Coins Pump as Traders Say Uptober is Finally Here
MOO DENG (MOODENG) led coins in their strong 24-hour performance after the crypto surged over 129%. Keyboard Cat (Base) and SPX6900 followed, with their prices increasing by 73% and 68%, respectively.
THE DAY IS HERE pic.twitter.com/PZdP3Le7Hn
-borovik (@3orovik) October 7, 2024
Overall, the market capitalization of cryptocurrencies has increased by more than 1%. Despite the slight increase recorded by the rest of the market, several traders and analysts say Uptober is back.
Presale Tokens Also Benefit From Upside With Layer 2 Meme Coin Pepe Unchained (PEPU) on the verge of raising $18 million in one of the most successful ICOs of the year.
Another new project showing strong momentum is Crypto Stars (STARS)who has just passed $2 million in funds raised.
Related articles:
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- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
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