Trump based cryptocurrencies rally over 100% ahead of election day

Trump-themed cryptocurrencies are experiencing a surge in value, with some tokens gaining over 100% in the past 24 hours leading up to the United States election. Coins such as MAGA Hat (MAGA), MAGA (TRUMP), Doland Tremp (TREMP), Super Trump (STRUMP), and TrumpCoin (DJT) saw significant increases, contributing to a total market cap of PolitFi coins reaching more than $685 million. Interestingly, Kamabla (KAMABLA), a coin based on Vice President Kamala Harris, also experienced a positive day, surging 32.7%. The growing popularity of political meme coins is reflective of the heightened excitement around the Presidential elections, which are expected to shape the future of the crypto sector both in the U.S. and globally. Despite narrowing odds of Trump winning, Trump-themed tokens continue to lead in terms of gains. However, some experts believe that if these coins can establish genuine utility, they may transcend their meme status and find more stability in the market.