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Cryptocurrencies recovered from a recent slump as Bitcoin (BTC) jumped past $65.5K.
The market regains an upward momentum following Donald Trump’s attempted assassination, which saw political cryptos rallying.
With the expected rate cut by the Fed, Ethereum ETFs launch, and the election buzz, political-tied token Solciety (SLCTY) looks positioned for impressive strides in the upcoming months.
Solciety is a new project, currently at stage 5 of its presale, that has gained traction due to its political ties and satire.
Further, Donald Trump’s pro-crypto stance sets stage for remarkable performance by politifi and cryptocurrency assets.
The latest statistics show ex-president’s chance of winning the upcoming general election are high, triggering optimism among crypto investors.
What Trump’s victory means for Solciety and the cryptocurrency market
Stats show that the odds of Trump winning have increased since the Pennsylvania shooting, currently at 72%.
.@Polymarket – Presidential Election Winner
🟥 Trump: 72% (new high)
🟦 Biden: 17%
🟦 Harris: 6%
—
Trends
• May 20: Trump 52-42%
• June 26: Trump 59-34%
• JULY 16: Trump 72-17%
—
EC based on Polymarket odds
🟥 Trump 312 🏆
🟦 Biden 226https://t.co/BBwAM9qWMw https://t.co/MAprQZqYzo pic.twitter.com/CzERyfVzAK— InteractivePolls (@IAPolls2022) July 16, 2024
Meanwhile, Joe Biden and Kamala Harris remain far behind at 17% and 6%, respectively.
Donald Trump has been vocal about digital assets lately, even receiving crypto as donations for election campaigns.
Trump displayed confidence about crypto during the June meeting with BTC miners, where he emphasized that the US should mine all the remaining Bitcoin.
He even criticized the Biden administration for failure to promote the asset class with unclear regulations.
Additionally, Donald Trump has picked pro-crypto Sen. J.D Vance as VP candidate.
Furthermore, his appearance at the upcoming Bitcoin 2024 conference (July 25 – July 27) will likely create a buzz in the crypto world.
Proponents trust Trump is one of the catalysts that will propel Bitcoin well past its ATHs.
Ayo Trump is not even a president yet and the #Bitcoin is already pumping 🚀
It is already hovering at around $66k. All we need is more bullish news now, like less new freaking wars & end of the existing ones, and we will break the previous ATH easy peasy. pic.twitter.com/T8AxRdVOVL— Cryptastic News (@cryptastic_news) July 17, 2024
A remarkable Bitcoin performance will translate to robust growth for altcoins and politifi coins Solciety seems positioned to outperform in such an environment.
Solciety’s early success
Solciety is a new Solana-based meme crypto emerging as one of the fastest growth projects.
It is swiftly approaching its presale target, with over $971K out of $1.4M raised at stage five of 15.
Solciety’s blend of political, acute satire, and meme culture has set it above competition in the crypto world.
While other themed assets struggle with utility, Solceity stands against uninspiring meme assets, pitiful returns, and crappy politics.
Investors tired of the usual animal-themed cryptocurrencies are exploring this new entrant in the market, thus the presale acceleration.
Should you invest in Solciety?
Solciety could be a lucrative opportunity for meme coin enthusiasts in the upcoming months.
Besides the much-awaited broad market rally, SLCTY taps two flourishing sectors.
Solana meme assets have dominated trends lately, with the market cap fluctuating at $6.5 billion.
Also, political-tied tokens have climbed above the $1B market cap.
Trump’s second term as president will likely be huge for the economy and promises remarkable growth for cryptocurrencies.
Decisive regulations and broad acceptability will see the industry flourishing.
In that context, Solceity appears to have all it takes for robust growth in the upcoming months.
SLCTY trades at $0.002289, and experts forecast a 100x increase amid the election buzz.
You can find more information about Solciety here.
The post Politifi token Solciety (SLCTY) in focus as Trump’s re-election narrative drives cryptos appeared first on Invezz
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