Just hours before the US presidential election, PolitiFi tokens saw an extraordinary surge. The sector has surged almost 10% in the last 24 hours, with Trump-themed memecoins leading the way. Following the recent results, some investors are predicting a massive price boost for these tokens in the coming days.

Trump-themed memecoins see a 30% jump.

The PolitiFi sector gained popularity after several memecoins inspired by US politicians saw massive growth earlier this year. The market capitalization of some tokens has crossed the $100 million mark and the pair has still achieved this feat.

Memecoins inspired by the works of former US president and Republican Party candidate Donald J. Trump led the industry throughout his presidential campaign. Tokens have seen massive gains this year, peaking in the second quarter.

Cryptocurrencies such as MAGA (TRUMP) and Doland Tremp (TREMP) reached $17 and $1.50 respectively, an all-time high (ATH), fueled by Trump’s cryptocurrency-friendly statements. However, since June, most of these cryptocurrencies have dropped significantly, in most cases by over 70%.

Now, with the election just hours away, the PolitiFi sector is soaring again, rising around 10% in the last 24 hours, while the cryptocurrency market is seeing a 1.5% pullback. Trump-themed Memecoins maintained their lead, posting green gains over the past day.

TRUMP is up 26% in the last 24 hours, trading above the $3.8 range. Meanwhile, MAGA Hat (MAGA) is seeing a 32.6% price boost over the same time frame, reaching a market cap of $90 million today.

MAGA’s daily trading activity also increased by almost 30%, recording a final day trading volume of $41.7 million.

PolitiFi tokens in voters’ hands

The industry’s recovery apparently stems from election expectations. It is worth noting that volatility is forecast to peak in the coming days as speculation about the election result increases.

Some investors believe that the growth of the PolitiFi token will continue in the coming days, and in the event of a Trump victory, Trump-themed memecoins are expected to skyrocket.

Just 10 hours before the election, the Republican candidate’s chances of winning are much higher than that of Democratic candidate Kamala Harris. Polymarket’s live forecast shows Trump leading the forecast market by a 15% difference.

After the presidential debate in early September, the former president lost his position to the US vice president. At the time, the Democratic candidate’s chances exceeded Trump’s chances of winning by 4%. However, over the last month they have recovered significantly.

The Republican candidate regained the lead in October, posting a significant 33 percent difference between his chances of winning and Harris’s. At the end of the month, Trump led the forecast market with a 66% chance of winning, which has now dropped to 57%.

Given Trump’s winning odds, memecoins inspired by the US vice president have seen a significant decline over the past day. Kamala Horris (KAMA), the largest Harris-inspired token, has retreated almost 25% in the last 24 hours, recording a 34% decline in daily trading activity.

Featured image from Unsplash.com, chart from TradingView.com