By CoinGape

Politically-inspired meme coins have surged in the last 24 hours following a wider market jump. Bullish sentiment was recorded in crypto assets as top coins marched upward. As institutions continue their accumulation of Bitcoin (BTC), the asset’s price soared above $71,300 marking a 1.6% increase today pushing weekly gains to 6%. This growth was also seen in altcoins and meme coins. 

Particularly, meme coins were the highest gainers as the market capitalization soared past $69 billion. A 5.1% rise today. Politically-inspired meme coins have dominated spaces following the build-up to the United States Presidential election. Crypto assets are now a major election issue with recent bills in Congress gaining momentum. Assets modeled around former US President Donald Trump and President Joe Biden have recorded inflows. Here are politically-inspired meme coins to watch out for this week.

Obema (OBEMA)

Obema is the largest gaining meme coin today with inflows hitting 257%. The asset-themed after Barack Obama has spiked ahead of the US elections and a flip in market sentiments. Weekly gains stand at 224% following increased flows to newer tokens. According to data from CoinGecko, OBEMA’s daily trading volume has surged past $1.5 million.

MAGA PEPE

MAGA PEPE is themed after Donald Trump and the high-flying meme coin PEPE. Trump-themed tokens have amassed gains due to market comments and personal holdings of the Presidential candidate. The asset is up 103% today with daily volumes of $2.9 million.

Crypto holdings of the ex-president moved past $30 million today. The upcoming U.S. elections have ushered in a belief that Congress could implement regulatory reforms.

DT Inu

This asset is up 15.9% today recording 179% inflows in the last seven days. The asset’s market capitalization surged to $2.9 million on the back of new inflows. Trading volume around the token is low because of its recent entry into the market with holders rallying for more flows. On the whole, the total market capitalization for politically-inspired meme coins is $1.75 billion. 

Also Read: PEPE Price Dips After Days of Rally: Sell or HODL

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David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source: CoinGape