The crypto market is thriving at the moment and we are entering into a very interesting few weeks that could decide how much longer these good conditions last. October has been given the nickname ‘Uptober’ because of how much growth the market normally sees during the month. It is once again delivering on this so we have already turned our attention to November and one event in particular.
The US election is now just over two weeks away and the results will likely have a massive effect on the crypto market. Trump is expected to be the more favorable result for the crypto market and he is now favored to win with most polls and bookmakers. However, we have seen this happen before and things can change so nothing is guaranteed yet.
The only guarantee is that investors will be able to make a big profit if they play their cards right. That is why in this piece we are going to review a token called FreeDum Fighters ($DUM). This is a gamified fun meme coin that pokes fun at the upcoming election. These kinds of topical tokens can normally be very successful around the time of big world events so let’s take a look at what it offers investors.
FreeDum Fighters- Presale start indicates this coin is destined for big things
We are keen observers of the presale market, especially when it comes to meme coins. 2024 has seen a huge evolution in that sector. A lot of meme coins are still going straight to the listings stage but the quality tokens go through a presale process. It used to be that a token like FreeDum Fighters ($DUM) would immediately go to DEX but those days are gone.
FreeDum Fighters represents a new era for meme coins. The token is a satirical PoltiFi token but it isn’t just all show with no substance. This token has real utility and use. This means that it should have a big advantage over other tokens that are focused on the US election. The early metrics from the presale are also very promising.
The presale is still less than a week old but already it has raised over $200k. Clearly, there is an appetite for this kind of satirical meme coin that also has some utility. It means investors can get the fun of a traditional meme coin but with the investor security of a new-era project.
Stake your tokens so you can have a say on who will win the election
This is a gamified token so the candidates for the election have been transformed into battling characters. It’s Magatron vs Kamacop. Investors choose between two different staking pools depending on who they think will win. The majority have voted for Magatron so far so the staking rewards available here are 489% per year.
That means there is huge value in choosing the Kamacop pool. The APY there is a massive 1866%. Trump is favored to win at the moment but there is a danger of an echo chamber scenario playing out with the crypto community. We will not advise anyone what staking pool to choose as it’s up to you, but if you´re a gambler the value lies with the underdog.
The fun doesn’t stop there either. There will be a discussion area on the website that will open for you once you have chosen your side and staked your tokens. Here you will be able to have discussions and debate with other investors and even earn rewards for doing so. The utility keeps on going past the staking.
FreeDum Fighters can outperform rival political tokens
TREMP, MAGA, and BODEN are just three of the current political tokens that come to mind when we think of recent successful tokens from this genre. We expect much more to pop up soon so the battleground could be fierce.
As we touched on, FreeDum Fighters has a huge advantage over other rival political tokens. The fact it is going through a presale and also has utility makes it a much more viable option for investors. The election will likely bring over investors who don´t normally buy meme coins and this will likely be the meme coin that they are drawn to.
Conclusion
That brings us to the end of our piece reviewing this up-and-coming meme coin phenomenon. Perhaps one of the great things for readers now is that the coin is still so early in its presale that they can purchase it at what is likely going to be the lowest-ever price. We expect it to grow and grow until the election to act fast.
