The recent victory of Donald Trump in the 2024 U.S. presidential election has led to a surge in the memecoin market. Known for his pro-crypto stance, Trump’s campaign included promises that appealed to the crypto community, and his win has sparked optimism among investors. This positive sentiment has driven a wave of risk-on behavior, with memecoins seeing a notable uptick.
As of November 6, the total market capitalization of memecoins hit a seven-month high of $66.72 billion, showing a 21% increase within just 24 hours.
Dogecoin (DOGE) led the market surge with a 14.5% rise over the past 24 hours and a 72% gain over the last month. Other popular memecoins also saw substantial growth: Shiba Inu (SHIB) rose by 5%, and Pepe (PEPE) saw a 12.6% increase. Additionally, tokens linked to political figures, especially those associated with President-elect Trump, experienced significant growth. The total market cap of political memecoins climbed by 17%, reaching over $640 million, with a striking 87% increase in trading volume.
Where Fun Meets Profits: $XYZ – A New Entrant with Major Potential
In the midst of this energized market, $XYZ—part of the XYZverse, a sports-themed memecoin platform—also shows impressive potential. XYZverse is unique in that it unites fans of football, basketball, MMA, Dota 2, and more, creating a community that’s driven not only by a love for sports but by the thrill of high-stakes investment.
Currently in its presale phase, $XYZ has just reached Stage 6, pushing its price up to $0.0005. With a listing target of $0.1, early buyers could see a significant increase of 19,900% from this low entry point. Given the favorable crypto sentiment following the election, $XYZ is well-positioned to take advantage of the current market momentum.
Ready to Profit? Get Into $XYZ Now and Watch It Soar!
A Promising Roadmap for Long-Term Growth
Beyond its immediate gains, XYZverse has a detailed roadmap focused on building a robust and engaging ecosystem. Its play-to-earn gamification strategy and partnerships with leading sports platforms will allow users to earn rewards and enhance community engagement. As $XYZ powers this platform, it’s setting itself up as a utility token with solid real-world applications, ensuring its relevance and growth potential in the long term.