Donald Trump

Keyboard Cat

Doland Tremp

Elon Musk

Meme coins and <a href="https://www.coingecko.com/en/categories/politifi" rel="noopener noreferrer nofollow">political tokens</a> (Politifi) soared, reigniting hopes for a potential Uptober bull run in the crypto market.
The market capitalization of Politifi tokens surged more than 19% in the past 24 hours to hit $777.49 million, according to CoinGecko. At the same time, meme coins saw a 9% rise in their market cap, marking a notable recovery and driving optimism among investors.
<img decoding="async" src="https://static.independent.co.uk/2024/10/05/23/SEI224588298.jpg" alt="Dark MAGA' Elon Musk rallies onstage with Trump in Pennsylvania | The Independent">
<h2 id="span-style-font-weight-400-trump-themed-tokens-soar-after-elon-musk-campaign-appearance-span">Trump-Themed Tokens Soar After Elon Musk Campaign Appearance</h2>
Among the political tokens that saw their prices increase were cryptos linked to the former US president and Republican Party nominee, <a href="https://insidebitcoins.com/news/donald-trump-buys-burgers-with-bitcoin-making-history-as-first-presidential-candidate-to-use-crypto" rel="noopener noreferrer nofollow">Donald Trump</a>. This comes after tech billionaire Elon Musk spoke at a rally for the presidential candidate’s campaign in Butler, Pennsylvania.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Watch How PUMPED Elon Musk Gets When Donald Trump Invites Him to Speak on Stage
 He's literally jumping for joy.
 Trump announced, “His name is <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ElonMusk</a>! He saved free speech. He created so many different great things. Where is he? Come on up here, Elon.”
 “He created the first… <a href="https://t.co/odxFucalGj" rel="noopener noreferrer nofollow">pic.twitter.com/odxFucalGj</a>
 — The Vigilant Fox 🦊 (@VigilantFox) <a href="https://twitter.com/VigilantFox/status/1842701203630690680?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 5, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Musk received quite the welcome at the rally from Trump. 
“He saved free speech. He created so many different great things,” Trump said. “He created the first major American car company in generations. And his rocket company is the only reason we can now send American astronauts into space.”
Following Musk’s appearance, MAGA, MAGA Hat and Doland Tremp all recorded impressive price increases in the last 24 hours. MAGA surged over 29%, while MAGA Hat and Doland Tremp pumped 46% and 20%, respectively.
<h2 id="span-style-font-weight-400-meme-coins-pump-as-traders-say-uptober-is-finally-here-span">Meme Coins Pump As Traders Say Uptober Is Finally Here</h2>
MOO DENG (MOODENG) led <a href="https://insidebitcoins.com/news/meme-coins-soar-9-as-crypto-all-stars-surges-past-2-million-in-presale" rel="noopener noreferrer nofollow">meme coins</a> in their strong 24-hour performance after the crypto surged more than 129%. Keyboard Cat (Base) and SPX6900 followed, with their prices rising 73% and 68%, respectively.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 UPTOBER IS HERE <a href="https://t.co/PZdP3Le7Hn" rel="noopener noreferrer nofollow">pic.twitter.com/PZdP3Le7Hn</a>
 — borovik (@3orovik) <a href="https://twitter.com/3orovik/status/1843105894978244619?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 7, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Overall, the crypto market cap increased by more than 1%. Despite the minor uptick recorded by the rest of the market, several traders and <a href="https://x.com/ryandcrypto/status/1842960439141134440" rel="noopener noreferrer nofollow">analysts</a> are saying Uptober has returned.
Presale tokens are also benefitting from the upswing with layer-2 meme coin <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a> close to raising $18 million in one of the most successful ICOs of the year. 
Another new project showing strong momentum is <a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Crypto All-Stars (STARS)</a>, which has just past $2 million in funds raised.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/flockerz-raises-100000-in-4-days-powering-vote-to-earn-v2e-meme-coin-presale-to-400000" rel="noopener noreferrer nofollow">Flockerz Raises $100,000 In 4 Days, Powering Vote-To-Earn (V2E) Meme Coin Presale To $400,000</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/ripple-ceo-brad-garlinghouse-vows-to-fight-sec-appeal-over-xrp-court-ruling" rel="noopener noreferrer nofollow">Ripple CEO Brad Garlinghouse Vows To Fight SEC Appeal Over XRP Court Ruling</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/top-crypto-gainers-today-oct-06-ordi-litecoin-basic-attention-token-multiversx" rel="noopener noreferrer nofollow">Top Crypto Gainers Today Oct 06 – Ordi, Litecoin, Basic Attention Token, MultiversX</a></li>
</ul>

Meme Coins, Politifi Cryptos Soar As Uptober Bull Run Hopes Make A Comeback

Table of Contents

Inside Bitcoins

Other articles published on Oct 7, 2024

Can Cardano Prove Naysayers Wrong Amid Max Kaiser’s Negative Prediction?

Polymarket Considering Token Launch Amidst New $50M Fundraising Talks: Report

PayPal Executes First Business Payment with PYUSD Stablecoin

NFT Sales Soar 18% In The Past 7 Days, As DMarket NFTs Explode +1,000% In Sales

Polymarket Considering Token Launch Amidst New $50M Fundraising Talks: Report

Massive bull run incoming: Experts predict these 5 altcoins will leap 8000% by 2024

Join our free newsletter for daily crypto updates!