Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Trump’s 2024 win boosts meme coin market, pushing capitalization to $66.72B—a 21% rise as investor optimism surges.
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’s driven not only by a love for sports but by the thrill of high-stakes investment.
Currently in its presale phase, XYZ has just reached Stage 6, pushing its price up to $0.0005. With a listing target of $0.1, early buyers could see a significant increase of 19,900% from this low entry point. Given the favorable crypto sentiment following the election, XYZ could be well-positioned to take advantage of the current market momentum.
A promising roadmap for long-term growth
Beyond its immediate gains, XYZverse has a detailed roadmap focused on building a robust and engaging ecosystem. Its play-to-earn gamification strategy and partnerships with leading sports platforms will allow users to earn rewards and enhance community engagement. As XYZ powers this platform, it’s setting itself up as a utility token with solid real-world applications, ensuring its relevance and growth potential in the long term.
Built for endurance and driven by community
On the Polygon network, XYZverse leverages proven revenue streams, benefiting from a dedicated community that plays a key role in shaping the platform. Active users receive rewards and incentives, differentiating XYZ from other memecoins that lack substantial user engagement.
As XYZverse continues to grow, it’s looking to flip the script in the meme coin world by being a project that not only entertains but offers real value and profitability. Backed by a loyal community and a sustainable model, XYZ is setting itself apart as a unique investment opportunity, poised to make waves in the memecoin space.
With XYZ, investors have the chance to be part of a platform that’s changing the game—don’t miss out on the opportunity to be part of this fast-growing sports-driven meme coin universe.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Read the full article here
