Making Profits w/ PolitiFi Tokens
PLUS: Bitcoin is entering the Danger Zone
Hey everyone, The Altcoin Investor here 👋🏻
Welcome to our free weekly newsletter where you get crypto insights, trends, and investment ideas.
I hope you enjoyed last week’s issue “Modular Blockchains”.
Today I want to talk about PolitiFi Tokens.
But before we get started, let’’s have a look at the current market situation.
Bitcoin is entering the "Danger Zone" where historical Pre-Halving Retraces have begun.
Historically, Bitcoin has performed Pre-Halving Retraces around a month before the Halving.
In 2020, this retrace was a -20% deep, in 2016 a -40% while today, $BTC is 32 days away from Halving and has pulled back -11% in the last 7 days.
Our View
Hey, Luca here 👋🏻
I’m the guy behind The Altcoin Investor & Altcoin Investing Picks.
As I mentioned here, at the moment I cashed out many profitable positions and accumulating lots of cash to reinvest during the next (=this) dip.
On Thursday I’ll share my complete strategy for the next bull run, so stay tuned!!!
PolitiFi Tokens
The Basics
New trends emerge in the crypto sector that are often categorized by meta. For example, we’ve had DeFi, GameFi, StakeFi, Dog-based memes, and now…PolitiFi.
CoinGecko recently introduced this new category into its indexing platform, containing all politics-related cryptocurrency projects, which can be related to world leaders, politicians, movements, charity-focused projects, or political agendas.
The primary example in PolitiFi is MAGA ($TRUMP), a Donald Trump-themed meme coin that reached staggering success after surging 600+% in two weeks.
Opportunities
With these tokens gaining traction, traders are now hunting for the next PolitiFi token to follow in $TRUMP’s footsteps.
PolitFi is considered a bridge between politics, finance, and community. The current selection of tokens in the category is largely meme coin-based, but some have serious proposals surrounding them.
While meme coins helped to bring a lighthearted approach to changing the world of finance through community building and humor, PolitFi takes a similar approach and is made to create a bridge between the crypto community and the political world.
In the coming years, all politicians will likely want to have their own PolitiFi tokens for their campaigns, helping introduce a younger crowd into politics through humor, memes, and finance.
PolitiFi Tokens
The PolitiFi category market cap is only around $197M and most of the projects are about Trump and the next American Elections.
However, If the trend continues and other projects enter the market, I think this can be a very lucrative opportunity as meme coins in the next bull market.
And that’s it for today.
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