Author: Jaleel Plus Six, BlockBeats

The concept of the US election Meme is trending in the cryptocurrency circle.

On May 13th, Trump hosted a dinner for some of his NFT holders, and the video of the event went viral in the crypto community. In the video, Trump expressed his support for the development of cryptocurrency and criticized Biden and the Democratic Party for their anti-cryptocurrency stance.

Over the past two weeks, the community has shifted from excitement to heated debates about supporting Trump, and then to discussing the topic of "cryptocurrency and politics". Trump's pro-crypto actions have greatly impacted the community's "emotional value".

" If you support cryptocurrency, you'd better vote for Trump." This has become one of Trump's campaign strategies.

This has also sparked a resurgence in Trump's Crypto Meme track. In the past few days, TRUMP, a meme coin named after Trump, which has been trading sideways for two months, has seen a significant increase, with a peak increase of 140%.

Obviously, in these 8 months, those in the cryptocurrency community who continue to focus on and speculate on the concept targets related to the US election may continue to have more opportunities to make money. So, what are the important time points and concept targets that need to be closely watched? BlockBeats has made some arrangements in this article.

Key Time Points

Currently, US President Joe Biden and Donald Trump have both defeated their challengers and are almost certain to become the final candidates for the November US presidential election.

Image Source: The New York Times

Nikki Haley, who served as the US Ambassador to the United Nations, attempted to stop Trump from becoming the Republican presidential candidate again, but her "last chance" has evaporated. In the "Super Tuesday" primaries on March 5th, Trump received overwhelming support, forcing the last opponent within the Republican Party, Nikki Haley, to announce her withdrawal from the race. Biden also won a sweeping victory in the Democratic nomination.

This result marks the beginning of the official campaign for the 2024 election. After the 2020 presidential election, the two will face off again.

Most opinion polls show that the competition between Biden and Trump is fierce before the showdown on November 5th this year. With 8 months remaining, there will undoubtedly be many dramatic events during this period.

June 27th: First Debate

Presidential debates have a decisive impact on US elections, often greatly changing the election situation and process. Debates are not only a platform to showcase policy views, but also a battlefield for candidates to discredit each other and reveal scandals. Historically, debates have often become turning points in elections.

For example, in the 1960 debate between Nixon and Kennedy, Kennedy's outstanding performance helped him win the support of a large number of voters. In 2016, the debates between Trump and Hillary Clinton also made headlines and became a hot topic of discussion among voters.

This year, Joe Biden and Donald Trump have agreed to hold presidential debates in June and September. Both have already attacked each other's prospects on social media, indicating a highly contentious showdown.

Biden posted on his X account on Wednesday morning, stating that he had received and accepted an invitation from CNN to debate Trump on June 27th.

The 81-year-old Biden wrote on his personal X account: "Donald Trump lost to me in two debates in 2020, and since then, he has not participated in any debates. Now he seems to want to debate me again." He continued, "Well, let me be happy, buddy!"

Biden later added in another X post that he "has received and accepted CNN's debate invitation" and joked, "It's your turn, Donald. As you said: anywhere, anytime, any place." He humorously added, "Donald, I heard you're free on Wednesday."

This is because Trump is usually on a midweek break during the ongoing criminal trial in New York. However, the witness testimony phase of the case is nearing its end, and the jury deliberation phase will follow. In this case, Trump is accused of falsifying business records to conceal hush money payments to a porn star before his successful 2016 campaign. The trial is expected to conclude within the next two weeks.

Trump responded that he would accept Biden's challenge and told Fox News, "I will be there." He also said he "looks forward to coming to beautiful Atlanta." Trump posted on Truth Social, "Dishonest Joe Biden is the worst debater I've ever met - he speaks incoherently, he is the worst president in American history."

September 10th: Second Debate

After accepting the invitation for the June 27th debate, the two presidential candidates also announced that they had agreed to hold the second presidential debate on September 10th.

It is worth noting that previous presidential elections usually had three debates, but this time there are only two, making the importance of the second debate more prominent. The first debate will be hosted by CNN, and the second presidential debate will be hosted by the American Broadcasting Company (ABC).

Trump and Biden had a dispute during the final presidential debate of the 2020 election held in Nashville, Tennessee on October 22, 2020 (Reuters)

Both debates have unusually bypassed the Commission on Presidential Debates (CPD), which has been hosting presidential debates since 1988. The debate agreement between the two candidates bypassed the non-partisan CPD, which has been hosting presidential debates every four years since 1988.

This September debate may be the final formal showdown between the two, and it is expected to once again attract national attention. Through these debates, voters can not only gain a deeper understanding of the candidates' policies and views, but also see their adaptability and demeanor in intense dialogue, including their changing attitudes towards cryptocurrency.

The process of the second debate will also have a profound impact on the election results and is a key point that investors in meme coins cannot ignore.

November 5th: Election Day

The 2024 US presidential election will be held on November 5th (Tuesday). This election is the 60th presidential election in US history and will also include congressional elections, including the re-election of all 435 seats in the House of Representatives and 33 seats in the Senate, to form the 119th US Congress.

On this day, voters will elect members of the Electoral College, who will then vote to confirm the new US president and vice president. Therefore, at this crucial time, in addition to speculating on Meme coins related to the US president, there is also the opportunity to speculate on Meme coins related to the vice president.

On Election Day, voters in each state will go to the polls to choose their preferred candidates. Historical experience shows that unexpected twists often occur on Election Day. For example, the election dispute between Bush and Gore in 2000, and Trump's unexpected victory over Hillary Clinton in 2016, both demonstrate the uncertainty and drama of Election Day.

For investors speculating on Meme coins, the market fluctuations on Election Day could be significant, with both investment opportunities and risks. Therefore, closely monitoring the voting results and market reactions will be an indispensable part of investment strategy.

January 20, 2025: Inauguration Day

The elected president will be officially inaugurated on January 20, 2025. This day not only marks the official start of the new president's term, but also symbolizes the completion of the transfer of power and peace. The inauguration ceremony is usually held on the west side of the US Capitol, where the new president takes the oath under the supervision of the Chief Justice of the Supreme Court.

The inauguration ceremony is not only a solemn event, but also the new president's first opportunity to address the nation and the world. During this speech, the president usually outlines the policy direction and governing philosophy for the next four years.

Historically, many presidential inauguration speeches have left a deep impression, such as Lincoln's second inaugural address with the phrase "With malice toward none, with charity for all" and Kennedy's "Ask not what your country can do for you, ask what you can do for your country."

Therefore, for the Meme coin market, the market reaction before and after the inauguration ceremony is also worth paying attention to. The new president's policy direction, economic plans, and foreign policy could all have a significant impact on the market, and if the new president says something memorable, it could also lead to the emergence of new Meme coins.

Latest Polling Situation: Trump Still Leading, but Not Without Concerns

Facing this "elderly showdown," the American public seems unenthusiastic. Multiple poll results show that most Americans do not want Biden and Trump to rematch. The Economist described the 2024 US presidential election as more of a referendum by American voters than a popularity contest, with the choice not being which is good, but which is "least bad."

The final election result is likely to depend on the results of seven key states: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. These states, known as "battleground states" or "swing states," play a crucial role in deciding which candidate wins the Electoral College.

According to a poll published by The New York Times on May 13th, in a hypothetical general election matchup in six key battleground states, former President Trump leads Biden in five of the states. The survey was conducted from April 28th to May 9th. The results show that Trump leads Biden among registered voters in Pennsylvania (47% to 44%), Arizona (49% to 42%), Michigan (49% to 42%), Georgia (49% to 39%), and Nevada (50% to 38%).

A recent poll by The Wall Street Journal also shows Trump leading Biden by a narrow margin of 47% to 45%. In a new survey including independent third-party candidates, Trump's lead has expanded to 5 percentage points, reaching 40% to 35%. This indicates that based on current polling, there is a greater likelihood of Trump returning to the White House.

This is consistent with the previous poll conducted by The New York Times/Siena College in October 2023, with little change in the results. In the previous poll, Trump also led Biden in all five states except Wisconsin, where Biden had higher support.

However, Trump is not without concerns. In the past few months, Biden's campaign team has increased its efforts to reach out to voters, while Trump has to deal with multiple legal challenges.

Trump's court appearance, refusing to plead guilty

Trump faces at least two major challenges: legal troubles and a lack of funds. Currently, Trump is facing 91 charges in four criminal lawsuits. These lawsuits are likely to divert a significant amount of his energy and may ultimately influence some voters' decisions on Election Day on November 5th as the situation evolves. However, lawsuits are a "double-edged sword." A recent poll by The Wall Street Journal found that despite Trump's legal troubles, his image and political standing among supporters are more solid. The poll shows that 86% of people say that even if the former president is convicted of a felony, they would still support Trump.

Financial issues are also a major challenge for Trump. Recently, Trump was fined over $500 million, and as the lawsuits continue, he may face more fines. Recent financial documents show that the campaign funds used by Trump are significantly behind those of Biden.

In early February of this year, Trump's camp had about $30 million in cash reserves, while Biden's camp had nearly $56 million. According to Bloomberg, in 2023, Trump spent $51.2 million on legal fees and had an additional $23.5 million available for use. These funds are expected to be depleted around July this year. Perhaps this is why he recently expressed willingness to accept campaign donations from cryptocurrency channels.

Trump Concept

Since its debut at the end of 2022, Trump and his wife have released a total of five series, with sales totaling millions of dollars.

Trump Digital Trading Cards

Trump's first NFT series, "Trump Digital Trading Cards," was launched in December 2022, with a total of 45,000 cards issued, covering various fantasy images such as superheroes, astronauts, and western sheriffs. These NFTs were minted on the Polygon blockchain, with each card priced at $99. This series sold out within about 12 hours of its release.

After Trump returned to Twitter and tweeted, the floor price rose to 0.193 ETH, with an intraday increase of 41% and a 258% increase in trading volume.

Then, on April 19, 2023, according to Bloomberg, Trump announced the launch of the second series of "Trump Digital Trading Cards" on his social platform Truth Social. This series of NFTs was also minted on the Polygon blockchain, with each card priced at $99, and a total of 47,000 cards issued, with 46,000 available for sale. The second series continued the success of the first series, once again attracting widespread attention and investment frenzy in the market.

As of the time of writing, according to OpenSea data, the floor price for the second season of Trump Digital Trading Cards is 0.02 ETH.

Mugshot Edition

On December 13, 2023, Trump launched the third NFT series, "Mugshot Edition," offering 100,000 NFTs, with 99,000 available for sale to the public. This series was also priced at $99. According to the issuer, users who purchase 47 Trump cards will have the opportunity to have dinner with Trump at Mar-a-Lago and receive a suit worn by Trump when he was arrested in August.

On May 8th, after appearing in court, Trump flew back to Florida and held a private dinner with the main buyers of his "Mugshot Edition" NFT trading cards.

The Mugshot Edition NFT series features photos and various derivative illustrations of Trump when he was arrested last year in Georgia for conspiring to overturn the state's 2020 election results, including photos of the arrest scene, illustrations of Trump wearing a cowboy hat, and a cartoon image of Trump holding lightning with the caption "American superhero."

Frank, the founder of DeGods and a well-known founder and KOL in the American NFT community, also attended the dinner. In addition to the video mentioned above, Frank also posted another video from the event on his X account, in which Trump said, "Let's make NFTs hot again."

As of the time of writing, the floor price for the Mugshot Edition is 0.9 ETH, according to OpenSea data.

MAGA ($TRUMP)

Recently, Trump expressed support for the development of cryptocurrency and called on supporters to vote for him in a conference video. This video went viral in the crypto community, not only exciting Trump supporters but also bringing new hope for the future of cryptocurrency.

Trump's comments not only caused a stir in the cryptocurrency market but also directly boosted the price of the Trump-themed meme coin MAGA ($TRUMP). Due to the poor liquidity and depth of NFTs, the token's price may be more responsive to changes in hot events and is more suitable for speculation.

MAGA (Make America Great Again) is Trump's classic campaign slogan, and the MAGA movement is a political movement centered on American nationalism that emerged during Trump's 2016 presidential campaign.

Within 24 hours of the comments being released, the price of MAGA ($TRUMP) rose by 78%, with a trading volume of $2.818 billion, making it the 13th ranked meme coin by market capitalization. The market value of MAGA ($TRUMP) even entered the top 250 on CoinGecko. Trump's supporters were also excited by his open attitude towards crypto donations during a Q&A at a dinner.

Currently, MAGA ($TRUMP) is one of the strongest US election concept meme coins, continuing to rise and breaking $10 on May 16, now trading at $9.89, with a 24-hour increase of 29.7%. According to dexscreener data, the market value of MAGA ($TRUMP) is $436.6 million.

Doland Tremp ($TREMP)

Other related digital assets have shown similar market reactions. For example, Doland Tremp (TREMP) rose from $0.38 to $0.652, recording a 69.85% increase.

As of the time of writing, according to dexscreener data, the market value of Doland Tremp ($TREMP) is $82.5 million.

Trump Family Concept

The Trump family's NFT projects are not limited to Trump himself. On December 16, 2021, Melania Trump announced the launch of the Melania Trump NFT platform, with the first NFT named "Melania's Vision" priced at 150 SOL. On February 18, 2022, she launched the "POTUS NFT" series to commemorate important moments in American history.

In addition, Melania Trump also launched "The 1776 Collection" NFT series on June 30, 2023, to celebrate the upcoming Independence Day in the United States. Each piece in this series is priced at $50, divided into 6 versions, with a total of 500 pieces per version.

Biden Concept Coins

Jeo Boden ($Boden)

Since its launch in March, $Boden has become one of the most watched meme coins in this round of political coins. This token, based on the Solana blockchain, has attracted attention from figures such as zkSync, Phantom, and Messari founder Ryan Selkis due to its astonishing price increase and unique cultural phenomenon.

These meme coins are not just derivatives of political figures but also extend to entertainment, culture, business, and religion. They often form unique cultural phenomena through puns and variations of English words, similar to the "emo" trend 15 years ago. In terms of artistic expression, they often present exaggerated visual effects with stretched necks and tilted heads, full of whimsy and humor.

As of the time of writing, according to dexscreener data, the market value of $Boden is $268.8 million. As one of the two major candidates in the US presidential election, $Boden is bound to experience a speculative frenzy during the election period.

Kamala Horris ($KAMA)

A survey by the Pew Research Center shows that nearly half of registered voters say they do not support Biden or Trump as president. Nearly two-thirds of respondents express doubt about Biden's physical condition being sufficient to serve as president, and a similar number lack trust in Trump's moral performance.

If Biden is unable to fulfill the duties of the president due to illness, Vice President Kamala Harris would assume the presidency. Harris may become the focus of the market, especially if Biden's health is poor after being elected.

According to the US Constitution and the Presidential Succession Act, the vice president will assume the presidency when necessary to ensure a smooth transition of power. The succession order after the vice president includes the Speaker of the House, the Senate President pro tempore, and cabinet members such as the Secretary of State, ensuring a clear succession process in any situation.

Therefore, in this context, tokens related to Vice President Kamala Harris are also worth paying attention to. However, at present, $KAMA has lower liquidity compared to others and is only presented in this article as a thought process, not as investment advice.

Other Election Concept Coins

$PEOPLE

Since May, the price of $PEOPLE has been rising, partly due to its connection to the US election concept. This token represents the idea of decentralized autonomy and achieved the goal of "common ownership" symbolizing human rights and decentralization by crowdfunding to purchase the last publicly auctioned copy of the US Constitution at Sotheby's.

$PEOPLE has a distinctly left-leaning core, attracting investors with similar ideologies. With this concept, $PEOPLE has gained an advantage in the market.

According to OKX market data, $PEOPLE briefly broke $0.048 on May 15, with a 24-hour increase of 34.15%. As of May 16, the price of $PEOPLE is $0.0515, with a 24-hour increase of 38.44%. In addition, Binance announced on May 14 that it will list the spot trading pair and trading bot service for PEOPLE, further driving up the price of PEOPLE.

As of the time of writing, according to dexscreener data, the price of $PEOPLE is $0.05216, with a market value of $264.3 million.

American Coin ($USA)

American Coin is a token full of meme attributes, and its promotional material is similar to the "Declaration of Independence," giving $USA more cultural and political significance:

"Today is Monday, November 4th. A dozen eggs cost $20. The average house price starts at $1 million. The baby boomer generation stole your future, and you live in a 400-square-foot cockroach den, listening to politicians tell you to be happy as long as you have Boden. This is not the future that real Americans want. This is why $USA is here. $USA exists to fight against this kind of future. $USA is not a political token. It is a call, a cultural revival. $USA represents you, those who want to reshape the beauty of America through the power of cryptocurrency."

This narrative not only adds cultural and political depth to $USA but also attracts investors who have a strong sense of identification with American culture and history. $USA is not just an investment target but also a symbol of cultural revival.

As of the time of writing, according to dexscreener data, the market value of $USA is $62.7 million.

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