The post Failed Trump Assassination Boosts MAGA (TRUMP) Token Price By 70% appeared on BitcoinEthereumNews.com.

The MAGA (TRUMP) meme coin price spiked more than 70% on Saturday following the Donald Trump assassination bid. It skyrocketed the Trump-inspired meme coin.  Notably, a meme coin can easily be swayed as they are highly volatile and prone to social media sentiment and real-world events. Experts believe the failed assassination attempt against former President Donald Trump on the second weekend of July 2024 was the trigger for the boost in price.  So, it seems less of a surprise that Maga (TRUMP), one of the Donald J Trump-inspired tokens, Jumped higher. Yet, many find Bitcoin’s price spike puzzling.  Some believe that Donald J Trump has recently emerged as a mighty advocate for crypto assets. His increased chances of winning the presidential election after the failed killing attempt have thrilled crypto enthusiasts.  That event sent BTC up, but it was modest compared to the dramatic price jumps witnessed in Donald J Trump-inspired PolitiFi tokens. Correspondingly, the market leader BTC’s price has advanced. The broader market resonated with it in the past 3-day streak. The investors saw a greater possibility that Donald Trump would win the November election. Thus, the price of the MAGA meme coin rose.   An X account best known for political key news spreader, the @polymarket, showed the increased odds of Trump’s election that has hit 70%, another all-time high in America. MAGA (TRUMP) Statistics On The Go! The market cap of the TRUMP token has witnessed a modest decline of 1.78% in the market cap, and the 55% decline in 24-hours volume amounted to $26.155 Million. It resulted in a market cap value of $342.791 Million, which puts the meme coin at the 212th position under the 250 largest token in the global crypto market. The price struck a resistance at $10.39 after peaking on July 14th, which…

---

Filed under: News - @ July 16, 2024 9:14 am