CoinGecko Report: PolitiFi Sector Tokens Outperform Meme Coins This Year

BlockBeats reported that on August 27, the cryptocurrency data aggregation platform CoinGecko released a report stating that between January 1, 2024 and August 25, the PolitiFi (US election figure related meme) token category rose by 782.4%, outperforming the broad Meme coin category, which rose by 90.2% during the same period.

Although the PolitiFi sector tokens outperformed the Meme coin, they were still far behind the latter. As of August 25, the PolitiFi sector had a market share of 1.5% in the Meme coin category, with a market value of $680.8 million, while the Meme coin had a market value of $45.6 billion.