The highly anticipated debate between President Joe Biden and former President Donald Trump is just around the corner, and the cryptocurrency market is already feeling the effects. Meme coins inspired by Trump, such as MAGA Hat (MAGA) and Donald Tremp (TREMP), are leading the charge, with significant gains in the past 24 hours.

MAGA Hat (MAGA) has seen a remarkable 20.5% increase in value over the past 24 hours, trading at $0.0003611. Meanwhile, Donald Tremp (TREMP) has surged 18% to $0.7933. These gains are part of a broader trend in the PolitiFi meme coin market, with other Trump-inspired coins like Trump Mania (TMANIA) also experiencing double-digit growth.

The upcoming debate has generated significant interest in the cryptocurrency community, with many investors betting on a Trump victory. The former President has been vocal about his support for cryptocurrency, pledging to "end Biden's war on crypto" if elected. This stance has resonated with many in the crypto community, who see Trump as a champion of their cause.

In contrast, the Biden administration has taken a more cautious approach to cryptocurrency regulation. While the President has recently rehired a former crypto advisor, his administration's overall stance on cryptocurrency remains unclear. This uncertainty has led to a lack of enthusiasm for Biden-inspired meme coins, with only one coin, Jeo Boden (BODEN), making it into the top 10 PolitiFi tokens.

As the debate approaches, all eyes are on the cryptocurrency market, with many expecting a volatile week ahead. Whether the surge in Trump-inspired meme coins is a sign of things to come remains to be seen, but one thing is certain - the intersection of politics and cryptocurrency is an increasingly important space to watch.