The industry of digitalย currency has had a long history with betting and gambling, with some chains, like Tron, being the major gambling hubs.
Betting on political events using digital assets has been particularly trending as of late, especially now that the new Unitedย States presidential race has kicked off.
Theย Unitedย States will elect a new president in 2024, and the cryptocurrency industry is investing in digitalย currencies that resurfaced recently, named after the new candidates.
These so- wasย known shitcoins have attracted manyย of traffic on DEXes, where listing them is a shorter and less complex process.
Uniswap, forย instance, recently saw plentyย of new cryptocurrencies tied to the candidates, including the DONALD (TRUMP) cryptoย token and President Ron DeSantis (RON) token.
Both new digitalย currencies are accordingย to Ethereumย (ETH), launched as ERC-20 tokens.
DEXTools, a decentralized exchange data and analysis tools platform for traders, has revealed plentyย of interesting pieces of information about both cryptos.
Reportsย by DEXTools, the TRUMP, and RON cryptoย tokens are paired against WETH.
Which cryptoย token is more popular?
TRUMP is accordingย to Donald Trump, the previous Unitedย States president who will now be running onceย more as a Republican. As for RON, this digitalย currency is accordingย to Ron DeSantis, another Republican, and the latest presidential candidate.
TRUMP and RON are asย ofย now the two most trending coins since both gathered quite a bit of support between Republicans.
Inย reality, Florida Gov. Ron DeSantis is broadly considered Trumpโs most serious challenger.
Althoughย while the Republicans have as numerous as 7 confirmed candidates atย thisย stage (and 3 more potential ones), Trump and DeSantis are the top candidates in the eyes of the cryptocurrency industry.
Reportsย by DEXTools, the TRUMP cryptoย token has seen $82.8k in terms of volume in theย previousย day, with a total marketย capitalization of $271.4k, 77 different holders, and 159 total transactions at the time of writing.
RON, on the other hand, has seen $1.2 Million in 24h volume, with a $1.59m total marketย capitalization, but likewise 69 holders who made 381 transactions since the tokenโs launch.
TRUMP tokenโs project reliability score (DEXTscore) is only 19/99, while RONโs DEXTscore is 54/99.
Theย issue with these cryptocurrencies isย theย factย that they are possiblyย likely troublesome, fraudulent projects.
TRUMP, forย instance, has a 98 percent sale tax, and there are plentyย of red flags tied to RON, asย well. Investors are recommended to stay away from cryptocurrencies like this, especially when there are plentyย of legitimate opportunities out there right now.
1 example is โ a new digitalย currency that is betwixt of its presale right now.
AiDoge is storming the memeย cryptocurrency sector, and it will launch with some important utilities. The project plansย to launch the most advanced, AI-based Memeย Coin generation platform, with the Artificialย Intelligenceย (AI) cryptoย token at the heart of it.
The cryptoย token is available for the price of $0.0000332 at the time of publication, and in about four days, itsย value will goย up to $0.0000336, initiateย the last phase of its presale before the listing.
AiDoge has already raised over $13.7 Million, and the available supply is dropping with every new day.
Those who decide to buy it can do so with Ethereumย (ETH), BNB, USDT (ERC-20 and BEP-20 versions) or with their credit or debit card.
