Summary
TLDR: Memecoins like BODEN and TRUMP reflect human instincts and sentiment towards political figures ahead of the US presidential election. BODEN has a higher market cap than TRUMP, but both have seen significant price increases. Biden is predicted to win the popular vote in a landslide, which aligns with memecoin sentiment. Trump currently has a slight edge in approval ratings.
Key Points
1. Memecoins reflect baser instincts such as greed, hunger, self-preservation, and the urge to buy low and sell high.
2. The PolitiFi category of tokens includes only four tokens with measurable market caps, with BODEN and TRUMP making up the majority of that value.
3. Despite the success of BODEN and TRUMP in the memecoin market, their prices may not necessarily reflect positive sentiment towards the political figures they represent.