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Why Tech-Savvy Investors Are Accumulating 3 Trump Coins Ahead of Bitcoin Conference 2024
Trump Coins have become a sensation in the cryptocurrency world, and the upcoming Bitcoin 2024 conference in Nashville could send them into overdrive. Donald Trump is expected to give a 30-minute speech at the conference, a positive move for the cryptocurrency community. Trump will speak on July 27, the final day of the event. After his confirmation, a newly minted Trump Coin soared 5,000% in just 3 hours. Here are some more Trump Coins to stock up on before July 27.
1. Trump Coins – MAGA (TRUMP)
MAGA meme coin advertises itself as the number one token in PolitiFi (the intersection of cryptocurrency and politics). The meme coin was launched on the Ethereum blockchain but has extended its roots to Solana, BaseL2, and Binance Smart Chain (BSC). One of the key features of the MAGA meme coin is its charitable work for veterans and child trafficking prevention services in the United States. So far, the project has donated over 289 ETH to US veterans and over 253 ETH to child trafficking prevention, for a total of 542 ETH ($1.7 million). MAGA raises these funds via its 1% tax on all purchases, sales, and transfers involving its token.
TRUMP price hovered around $6.05 during European business hours on Thursday. This represents a 19.2% increase over the past seven days, demonstrating growing investor interest as Bitcoin Conference is approaching. With a market cap of $280 million, TRUMP’s 24-hour volume is up 54%, signaling a recent increase in market activity. TRUMP’s price has found support around $5 after hitting an all-time high of $17 on June 2.
2. MAGA Hat (MAGA)
MAGA Hat, created after TRUMP, was inspired by Donald Trump’s hat. Unlike TRUMP, MAGA has no philosophy behind it. The token has 0% fees and is 100% community-driven. The developers banked on the support of Trump enthusiasts and the plan worked in their favor. MAGA is listed on several centralized exchanges, including Huobi, Gate.io, and MEXC.
MAGA price has jumped 12.1% in the past 24 hours, settling at $0.0001788 at press time. The price increase coincides with a 25% increase in trading volume over the previous 24 hours. Increased volume and price are often signs of an uptrend. MAGA’s market cap is $73 million, which is low enough for at least a 2x-10x increase on positive news. The Bitcoin conference could provide the catalyst needed to push the meme coin past the $100 million mark.
MAGA price is at a crucial level, just below the $0.0002 support-turned-resistance level. If bulls work hard, they can breach this resistance and push MAGA back to $0.0004.
3. Doland Tremp (TREMP)
Doland Tremp is one of the oldest Trump coins. Launched on the Solana network, TREMP’s price initially increased before a correction took place. This Solana Meme Coin was the first meme candidate for the 2024 presidential election in the space. TREMP received a listing on the Kraken Pro platform, further enhancing its legitimacy in the market. TREMP was also the first of its kind to reach $100 million in market cap, but has since declined in value.
TREMP price is trading at $0.421, which represents a 3.8% increase over the past 7 days. The political meme coin formed a rounded top in late May and early June, which resulted in a bearish reversal that saw the price drop to a low of $0.33 on July 9. If TREMP bears prevail, there is a support structure around the $0.25 price. On the other hand, if bulls prevail, TRMP price could rise and the partial resistance of $0.75 could be tested before retracing to the all-time high price of $1.37.
Being the first runner in space counts for something, because “old is gold.” Trump’s speech at the Bitcoin 2024 conference is expected to be dovish for cryptocurrencies and Trump coins. As the first of its kind, TREMP is expected to outperform other newer Trump coins.
Conclusion
Tech-savvy investors are showing increased interest in these three Trump-themed cryptocurrencies ahead of the Bitcoin 2024 Conference. This trend shows the growing intersection of political sentiment, cryptocurrency investing, and speculation about potential market movements during high-profile crypto events.
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Frequently Asked Questions (FAQ)
Trump Coins are cryptocurrencies inspired by former US President Donald Trump.
The Bitcoin 2024 conference will be held from July 25-27, 2024 in Nashville, Tennessee.
PolitiFi tokens are a unique category of cryptocurrency that fuses political themes with the speculative dynamics of the cryptocurrency market. These tokens are often associated with prominent political figures or movements and serve as both indicators of public sentiment and tools for market speculation.