CoinGecko Report: PolitiFi Sector Tokens Outperform Meme Coins Within the Year

BlockBeats reports that on August 27, cryptocurrency data aggregation platform CoinGecko released a report stating that from January 1 to August 25, 2024, PolitiFi (US election-related meme) tokens category increased by 782.4%, outperforming the broad Meme coin category which rose by only 90.2% during the same period.

Although PolitiFi tokens performed better than Meme coins, they are still far behind the latter. As of August 25, PolitiFi's market share in the Meme coin category was only at 1.5%, with a market value of $6.808 billion while Meme coins had a market value of $456 billion.