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Highlights
- As per Coingecko, the Top PolitiFi Coins hold a market cap of $1.05 Billion and show a 34.9% jump in the last 24 hours.
- The Bitcoin price jump above $60000 sparks a renewed market recovery
- The MAGA and Super Trump coin breakout from the channel pattern signals a potential for a momentum rally.
A recent assassination attempt on former United States President Donald Trump during an election rally in western Pennsylvania has sent shockwaves through both political and financial spheres. The incident, which occurred on Saturday, involved a bullet grazing the upper part of Trump’s right ear. Despite the violence, Trump, known for his pro-crypto stance had a positive ripple effect on the crypto market, while Politifi Tokens showcased strong momentum.
Following the news, the Bitcoin price saw a near 2% increase, surpassing the $60,000 threshold after a week-long slump. Concurrently, the global cryptocurrency market capitalization escalated by 3% to stabilize at $2.33 trillion, with a significant 24-hour trading volume of $61.2 billion.
Amidst this political turmoil, Politifi Tokens provide a fresh buying opportunity. Trump’s speech at the upcoming Bitcoin 2024 conference is now expected to have a more profound impact on the market.
Also Read: Will Donald Trump Attack Set the Stage for Next Bitcoin Bull Run?
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Politifi Tokens- MAGA (TRUMP)
The MAGA (TRUMP) cryptocurrency, also known as MAGA Memecoin, is a satirical token inspired by former U.S. President Donald Trump’s famous campaign slogan, “Make America Great Again.”
Amid the recent market upswing, the TRUMP price correction bottomed at $5 and rebounded utilizing an ascending trendline in daily charts. The dynamic support intact since March 2024 prevents the asset from a major correction and provides suitable accumulation points.
The bullish turnaround uplifted the MAGA Coin to $9.37 registering an 87% growth, while the market cap stands at $458.1 Million.
The rising price recently breached the downsloping trendline signaling the end-of-correction trend. The post-breakout rally can bolster buyers to rechallenge the high of $17.8.
Also Read: How Trump Meme Coins Reacted With Donald Trump Joining Bitcoin Conference?
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Doland Tremp (TREMP)
Doland Tremp (TREMP) is a meme coin that playfully references former U.S. President Donald Trump. This cryptocurrency is unique as it operates within the Solana blockchain ecosystem, emphasizing both humor and satire in its branding and operations.
Over the past four months, the TREMP coin has witnessed a steady uptrend under the influence of a rising channel pattern. In theory, the technical setup drives a series of higher high and low formations resonating within two trendlines offering dynamic resistance and support.
On July 8th, this memecoin rebounded from the lower trendline elevating its value 56% to trade at $0.49 currently, while the market cap surged to $47.7 Million.
If the pattern holds true, the TREMP coin rises 320% to hit the upper boundary of the channel around $2.
Also Read: Trump Vs Biden Election Outcome Unlikely To Deter Bipartisan Support For Crypto
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Super Trump (STRUMP)
Super Trump (STRUMP) is a cryptocurrency designed to honor the political legacy of Donald Trump, promoting principles such as limited government and free-market economics through a decentralized platform.
Amid the June market correction, the STRUMP price showcased a sharp downfall from $0.031 to $0.0079 registering a loss of 74.6%. However, the pullback developed a well-known bullish continuation pattern called a flag. This chart setup offers counter-trend moves for buyers to recuperate its bullish momentum.
In the last 48 hours, the Super Trump token is up 48% and trades at $0.0121, while the market cap jumped to $28.19 Million.
This bullish recovery pierced the flag pattern resistance providing buyers with suitable support to resume a bullish rally.
Key Takeaway
Following the recent attack on former U.S. President Donald Trump, the cryptocurrency market has seen a noticeable surge. Bitcoin has successfully reclaimed the $60k mark, and the majority of major altcoins are continuing their relief rally. Amidst this upward trend, Politifi Tokens have gained significant momentum, showing double-digit gains in the last 24 hours and attracting momentum buyers to the market.
Frequently Asked Questions (FAQs)
1. What are Politifi Tokens?
2. What is a satirical token in cryptocurrency?
3. What is a bullish continuation pattern?
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