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Trump’s 2024 win boosts meme coin market, pushing capitalization to $66.72B—a 21% rise as investor optimism surges.
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The recent victory of Donald Trump in the 2024 U.S. presidential election has led to a surge in the meme coin market. Known for his pro-crypto stance, Trump’s campaign included promises that appealed to the crypto community, and his win has sparked optimism among investors. This positive sentiment has driven a wave of risk-on behavior, with memecoins seeing a notable uptick.
As of November 6, the total market capitalization of meme coins hit a seven-month high of $66.72 billion, showing a 21% increase within just 24 hours.
Dogecoin (DOGE) led the market surge with a 14.5% rise over the past 24 hours and a 72% gain over the last month. Other popular memecoins also saw substantial growth: Shiba Inu (SHIB) rose by 5%, and Pepe (PEPE) saw a 12.6% increase. Additionally, tokens linked to political figures, especially those associated with President-elect Trump, experienced significant growth. The total market cap of political memecoins climbed by 17%, reaching over $640 million, with a striking 87% increase in trading volume.
Where fun meets profits: XYZ – A new entrant with major potential
In the midst of this energized market, XYZ—part of the XYZverse, a sports-themed meme coin platform—also shows impressive potential. XYZverse is unique in that it unites fans of football, basketball, MMA, Dota 2, and more, creating a community that’
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Author: Guest Post
