The crypto market had a rather bullish week and a positive 24 hours, as PolitiFi coins noted a surge. Led by the Official Trump token, the PolitiFi market grew by 29% and is collectively worth over $2.80 billion.
BeInCrypto has analyzed two other Political meme coins for investors to watch as they piggyback on TRUMP’s growth.
Official Trump (TRUMP)
- Launch Date – January 2025
- Total Circulating Supply – 199.99 Million TRUMP
- Maximum Supply – 1 Billion TRUMP
- Fully Diluted Valuation (FDV) – $12.46 Billion
TRUMP price has surged by 34% over the last 24 hours following the announcement of a Gala Dinner with the US president for the top 220 holders. The top 25 holders will also receive a private White House tour, boosting investor sentiment and driving demand for the token.
Currently trading at $12.40, TRUMP is nearing the resistance of $12.57. If the positive momentum persists, it could flip this resistance into support and continue its rise. A successful breach of $12.57 may lead TRUMP to the next resistance level at $14.53, attracting further investment.
However, if investors decide to sell and lock in profits, TRUMP could experience a decline. If the token fails to hold above the $12.57 resistance, it could drop to $11.44 and potentially fall further to $10.29, invalidating the bullish outlook and erasing recent gains.
ConstitutionDAO (PEOPLE)
- Launch Date – December 2021
- Total Circulating Supply – 5.06 Billion PEOPLE
- Maximum Supply – 5.06 Billion PEOPLE
- Fully Diluted Valuation (FDV) – $72.80 Million
PEOPLE price has surged 12% over the last 24 hours, adding to its 40% growth over the week. This rally follows TRUMP’s gains, and PEOPLE is now trading at $0.0144. The recent surge signals a potential continuation of the bullish trend, supported by market optimism.
If the momentum persists, PEOPLE could breach the $0.0152 resistance level. Successfully flipping it into support would propel the meme coin to new heights, targeting $0.0184. This would solidify the recovery and potentially bring further investor interest in the altcoin, boosting its market performance.
However, a pullback is likely if PEOPLE fails to break through $0.0152. Falling below this resistance would send the price back to $0.0128, which could invalidate the bullish outlook. This scenario would erase recent gains, potentially increasing investors’ selling pressure.
Doland Tremp (TREMP)
- Launch Date – November 2024
- Total Circulating Supply – 99.95 Million TREMP
- Maximum Supply – 100 Million TREMP
- Fully Diluted Valuation (FDV) – $3.30 Million
TREMP, a meme coin that benefited from TRUMP’s rally, surged by 33% in the past day despite a 14% dip today. The token, often seen as a mockery of Donald Trump, is currently stuck in a volatile market. This fluctuation indicates ongoing investor interest in the meme coin.
If TREMP can hold its current support at $0.0319, the altcoin could bounce back. With the right investor backing, it may push towards $0.0389 in the coming days, furthering its recovery. This would be essential to maintaining bullish sentiment and securing a more sustained rise in the future.
However, if investor confidence falters, the meme coin may struggle. A failure to maintain the $0.0319 support would likely push TREMP down to $0.0290, invalidating the current bullish outlook.
This could lead to further price declines, especially if selling pressure intensifies.
Disclaimer
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