Analysts are predicting that there will be a surge in volatility for certain altcoins next week as a highly anticipated televised US presidential debate between Joe Biden and Donald Trump approaches on June 27. The debate is expected to provide a platform for both candidates to summarize and compare their proposed policies, and market analysts believe that politically themed memecoins will experience significant price movements as a result.
Bitfinex analysts have specifically pointed to “Politifi” tokens, which are inspired by the two political figures and include tokens such as Super Trump and Maga on the Ethereum-based platform, as well as Jeo Boden and Doland Tremp on the Solana-based platform. These tokens have become speculative assets in terms of election results, and it is expected that there could be significant movement for ‘Politifi’ tokens during and after the debate, depending on the candidates’ performance.
In addition, former President Trump’s positioning as the “Crypto President” has added another layer of interest to the cryptocurrency community. While the debate is expected to briefly touch upon regulatory frameworks affecting cryptocurrency, detailed policy announcements and legislative processes often provide more significant clarity than debates. Discussions around general capital gains taxes and specific crypto taxation policies are also expected to have significant market impacts.
It’s important to note that this information is not investment advice. For those interested in investing in cryptocurrencies, Binance exchange is offering a 20% COMMISSION DISCOUNT for those who register through this link. For more exclusive news, analytics, and on-chain data, follow our Telegram and Twitter accounts now.
