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Trump-linked memecoins up 15%

Nov 6, 2024 11:43 63

Trump-linked memecoins up 15%  - 1

Memcoin linked to US Republican presidential candidate Donald Trump rose 15.3% to $4, according to data from aggregator CoinGecko .

Meanwhile, the memecoin associated with US Democratic presidential candidate Kamala Harris is down 15.3% at USD 0.0099, according to aggregator data.

Memcoins are a cryptocurrency that was created as a social experiment. Its price depends on the popularity of the phenomenon on the basis of which it was created. For example, memcoins like politifi – a mixture of the words politic (political) and finance (finance) – are created in support of a certain political figure. The price of memcoin depends on the level of support for a policy. Cryptocurrencies of this format have no value or use and are a speculative financial instrument.