NewsletterHow Trump Meme Coins Reacted With Donald Trump Joining Bitcoin Conference?
Donald Trump has changed his ways to win the upcoming presidential election. From being unsupportive of the crypto industry during his presidency to calling himself Crypto president, a lot changed, but people call it political tactics. As Biden is against the concept of crypto, Trump has actively spoken of his interest in crypto this year. And now that is on another level as he will attend the Bitcoin Conference, happening by this month’s end. Where people are divided on how to react, Trump meme coins have bagged quite a hike.
Donald’s popularity in crypto has surged as the Trump-themed meme coins number is continuously rising. Thanks to his active presence, these meme coins had many opportunities to grow and offer profits to their investors. However, other than based on ex-president and hype-based growth, these do not have any use case, restricting them from growth.
How Donald Trump Meme Coins Are Performing Today?
The Donald Trump joining the Bitcoin conference news was made public on 10 July, and most trump meme coins have surged since then. The better impact is the newly launched tokens like PEPE (TRUMP). It is the mix of the PEPE’s hype, and Trump’s supporters and has gained a 138% hike in the last 24 hours, completing the 1118% surge over the week. It is valued at $0.000001507 with a market capitalization of $31.4 Million after its self-claimed circulating supply of 21T. The most popular Trump-themed meme coins are the MAGA (MAGA) and MAGA (TRUMP), which also had a significant surge.
Also Read: Donald Trump’s Crypto Holdings Exceed $10M Ahead US Presidential Election
MAGA (MAGA) goes with a tagline that says Make America Great Again and is supported by Donald Trump’s followers. The token had a significant positive shift in its value with Donald’s increasing publicity, and the same is true this time. In the last 24 hours, the price has surged 7%, bringing it to $0.0001771 with a market cap of $69,131,718. MAGA (TRUMP) on the other hand, had a slower finish but has surged 11% over the week, where it is currently trading at $6.02 with a market cap of $264,954,980. However, this is not much, as it has reached as high as $17.52 at the beginning of June.
Final Thoughts
Political war has given quite a push to Trump meme coins, as they have gained popularity with that. This is especially visible in MAGA (TRUMP) case. This meme coin has surged more than 2175% since the beginning of this year. However, it is uncertain how long it will keep up as the competition is high in the meme coins category. The introduction of new competitors and changing trends makes it a little challenging. For now, Donald Trump joining the Bitcoin Conference is what people are looking for as he will be talking about regulations and developments.
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