Pro-Trump meme coin, MAGA, is up by over 150% this month, with the potential to break a $100 million market cap as the US election approaches.
Meanwhile, Telegram gaming platform Dogizen has its presale tearing up the market, raising over $1.1 million in the first-ever Telegram ICO. The DOGIZ token is available at a price of $0.000074 for a limited time, causing investors to pile into a project that could be the future of Telegram games.
Let’s take a closer look at the performance of both tokens and see which one looks like the better investment.
MAGA: Politics pays
As the US election draws closer, the PolitiFi sector, made up of tokens pertaining to political figures, is pumping again. After a quiet few months, the sector is now worth around $750 million, and pro-Trump tokens like MAGA are posting impressive rallies.
Up by 2,000% over the last year, MAGA is not affiliated with Trump officially but acts as a vehicle for crypto investors to indirectly show their support. The former President has rolled out a range of pro-crypto policies in an attempt to galvanize the community in his favor, and it appears to be working—the vast majority of PolitiFi tokens pertain to him.
While MAGA has not quite reclaimed its all-time high levels from May, which saw it rise to a market cap of nearly $200 million, it recently charted monthly highs, and an election victory for Trump could see the token fly.
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On the flipside, though, if Trump fails to retake the White House, the token could flop precipitously: its hype hinges largely on Trump’s political success. For this reason, it seems a slightly risky bet, one perhaps better avoided for something with better fundamentals.
Dogizen is packed with potential
Dogizen is, conversely, a project backed not by hype, but by a range of features that could see it redefine Telegram gaming—already one of the hottest sub-niches within crypto.
The sector, worth nearly $1.4 billion, is larger and more stable than the PolitiFi niche, largely due to the fact that it’s not blown around by the winds of political change. Telegram gaming has been growing rapidly this cycle and has had major success in bringing new faces into the crypto ecosystem.
Dogizen doubles down on this onboarding power by operating the first Telegram ICO, allowing no-coiners to buy DOGIZ with ease. This opens up the scope of the presale more than ever before and creates a potential audience of 950 million—the size of Telegram’s user base.
How to buy DOGIZ
For gem hunters who value strong fundamentals, Dogizen is almost a no-brainer. Its value isn’t determined by the fickle world of politics but instead by its fundamentals.
With a powerful marketing angle and an industry-leading product, those fundamentals are looking seriously strong, and although MAGA offers potential gains in the short term, it looks like a gamble. DOGIZ, on the other hand, seems like a pretty safe bet.
To buy DOGIZ and learn more, head to the official Dogizen website.
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