NewsletterMAGA Jumps 15% Ahead of Donald Trump’s Bitcoin Conference Address
Highlights
- MAGA Price surges amid huge buying interest before Donald Trump's address.
- The crypto community has hopes that Trump with announce BTC as strategic reserve in his next presidency.
- Donald Trumps has already received over $4 million crypto donations over the past month.
The crypto community is eagerly waiting for former US President Donald Trump’s address at the Bitcoin Conference today. Celebrating his appearance at the event, the Donald Trump-themed crypto MAGA has surged by 15% in the last 24 hours.
Donald Trump Crypto MAGA Gains 15%
MAGA (TRUMP) the popular memecoin launched as a homage to Donald Trump is up by 15% and currently trading at $7.31 with a market cap of $321 million. The meme crypto has made strong gains this year with Trump’s push for Bitcoin and the overall crypto market in his Presidential campaign.
During the last month of June, the MAGA (TRUMP) price surged all the way to its all-time high of $17.01. However, it has corrected more than 50% since then. It would be interesting to see whether Trump has any special announcements to make at the Bitcoin Conference. If so, it could once again set MAGA on its path to recovery and hit a fresh all-time high.
Meanwhile, other Trump-related meme crypto TREMP skyrocketed over 21%, with the price currently trading at $0.5639.
Also Read: Samson Mow Proposes Six Bitcoin-Friendly Ideas To Donald Trump
What to Expect at the Bitcoin Conference?
The crypto community has been eagerly waiting all this while to hear former President Trump at the Bitcoin Conference. Many market analysts believe that Trump could probably announce Bitcoin (BTC) as a strategic US reserve if he becomes the next president.
During his previous presidency, Trump had an anti-crypto stand. However, he’s made a 180-degree shift this time making an all-in effort to sway the crypto community. Trump has also promised to actively engage with the Bitcoin community stating that he would be supporting Bitcoin mining in the USA if he becomes the next president. The rallies in Trump-focused cryptocurrencies such as MAGA and TREMP have come due to massive trading activity after his pro-Bitcoin stance.
As per the reports earlier this week, Donald Trump has raked in more than $4 million in donations to the crypto market. The majority of contributions were made in Bitcoin, Ethereum (ETH), Ripple-associated XRP, and the US dollar-pegged stablecoin USDC. Specifically, over $2.15 million in Bitcoin was donated by 19 individuals across 12 states.
According to a Federal Election Commission filing, the donors’ professions varied widely, including homemaker, U.S. military officer, missionary, painter, sales representative for a pizza company, and security technician with the State Department.
Also Read: US Senator Bill Hagerty Plans To Introduce Pro-Bitcoin Bill
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