The past week has been full of twists and turns in the world of cryptocurrency and politics. Trump-themed meme tokens are all the rage with impressive gains, relegating popular cryptos such as Dogecoin and Shiba Inu to the background. Meanwhile, the 2024 US presidential race is heating up, and it’s Donald Trump who currently has the best chance of winning against Kamala Harris. In crypto, <a href="https://www.world-today-news.com/from-41000-in-2020-to-100000-in-2021/" title="from $ 41,000 in 2020 to $ 100,000 in 2021?”>Bitcoin has crossed the $70,000 mark, and Generation Z is redefining financial freedom. Let’s dive into the details.
Trump-themed meme tokens on the rise
Tokens like Memecoin itself (CRYPTO: TRUMP), le YOURSELF Six (CRYPTO: MAGA) and Donald Tremp (CRYPTO:TREMP) saw a spike in activity on Monday, thanks to Trump’s re-election chances increasing. Data from Coinmarketcap showed that these political meme tokens were closing in on a total market capitalization of $700 million, an 11% rise in just 24 hours. Currently, Trump has a 66.1% chance of winning, compared to Kamala Harris’s 33.9% chance of winning, according to traders at Polymarket.
Nate Silver’s election predictions
American statistician Nate Silver sees the 2024 US presidential race as “almost a fair coin flip”, with Trump narrowly edging Harris. As of October 31, Silver’s forecast gives Trump a 53.4% chance of victory, compared to Harris’ 46.2%. This tight margin underscores the intense polarization and competitiveness of this election.
Also read: Shytoshi Kusama Educates User Who Said SHIB Will Remain A Worthless Meme If It Can’t Be Over a Penny
The road to financial freedom for Generation Z
According to Chamath Palihapitiya, Generation Z is decoupling financial freedom from the traditional 9-5 job. Palihapitiya noted that a growing number of young men are dabbling in side hustles like trading cryptocurrencies like Bitcoin BTC/USD and options on platforms like Robinhood and Coinbase. This shift signifies a departure from the traditional idea that wealth is primarily acquired through work.
Bitcoin crosses $70,000
Major cryptocurrencies climbed on Monday, with Bitcoin crossing the $70,000 mark after a nearly five-month hiatus. The world’s largest cryptocurrency surpassed this coveted level late in the evening, capitalizing on the positive movement of the weekend. Ethereum also climbed to $2,585, after being flat for most of the day.
Cat-themed meme tokens on the rise
On Tuesday, cat-themed tokens like Mog Coin MOG/USD and Popcat POPCAT/USD saw another surge, and the altcoin market as a whole cheered Bitcoin’s jump above $70,000. Data from Coinmarketcap showed that cat-themed tokens were closing in on a total market cap of $5 billion, up 9.3% in the span of 24 hours. Meme token trader meme-millions has predicted that cat-themed meme tokens could reach a valuation between $20 billion and $50 billion.
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Photo courtesy: Shutterstock
This story was created using Benzinga Neuro and edited by This is Ashraf.
