3 Trump Crypto Mooning After JD Vance VP Announcement
After Donald Trump named pro-crypto senator J.D. Vance as his VP running mate, Trump crypto began mushrooming and mooning all over the space. This follows the recent attempted assassination of former president Donald Trump, which saw him strengthen his resolve to attend the Bitcoin 2024 conference in Nashville next week. These 3 Trump crypto are surging in price after the J.D. Vance announcement.
1. Trump Crypto – MAGA (TRUMP)
MAGA is a popular Trump meme coin that has existed for some time. The main idea behind the project is to use the hype around Donald Trump to raise money for charity causes in the United States. The MAGA smart contract has a 1% tax on buys, sells, and transfers, which is directed toward donations to U.S. veterans and child trafficking prevention services. Over $1.74 million has been donated since the project launched.
The price of TRUMP is down 7.1% in the last 24 hours but up 24% in the past week. Trading at $7.58, TRUMP has seen a decrease in trading volume as investors lock in profits gained over the past week. Market participants await July 25-27 for Trump’s address at the Bitcoin Conference, which may further increase TRUMP’s price.
Even though unaffiliated with Donald Trump, the cause MAGA campaigns for has been monumental in sustaining their price and value in the crypto meme coin market. As the days speed toward the November 2024 U.S. elections, a Trump win could translate into exponential gains for the asset.
2. Make America Great Once Again (MAGOA)
Make America Great Once Again is the slogan of the 2024 Republican National Convention (RNC) held in Milwaukee, Wisconsin. The convention spans 3 days, during which various members of the GOP make speeches concerning their plans for the nation if elected.
The MAGOA token is one of the most recent Trump crypto on the Ethereum network. It was launched on July 16 and immediately took off. However, the developer burned liquidity, sold all his tokens, and abandoned the community. Since the developer left, MAGOA has soared in price, making higher highs.
The price of MAGOA is $0.00001447, a 19.9% increase in the last 24 hours. The chart looks healthy for a one-day-old project, and the liquidity is large enough to support small whales and sharks. Sitting at a $6 million market cap, MAGOA has the potential to rally 1000% from this price before even touching a $100 million market cap.
However, in the short term, MAGOA price is trending inside a range, showing bulls are accumulating before the next leg up. A break above the zone may result in a 158% increase from the current price.
The upcoming Bitcoin 2024 conference promises to provide the much-needed hype boost to push this Trump crypto higher.
3. Fight to MAGA (FIGHT)
Shortly after the attempted assassination of former President Trump, Fight to MAGA was launched on the Ethereum blockchain. As he was escorted off the stage, Trump told everyone to “Fight”, encouraging them not to stop striving to make America great again. Taking advantage of the hype around the incident, FIGHT launched and immediately soared over 13,000% within the first 15 hours. After a day of consolidation, FIGHT again surged another 600% to hit its all-time high price of $0.08390.
The price of FIGHT is $0.062, a 54% increase in the last 24 hours. FIGHT has retraced 25% from ATH’s price and is currently at the 0.382 Fibonacci retracement level. This level has been tested once before in the last 24 hours, making it decent. Nevertheless, there is a fair value gap (FVG) lower around $0.045, which may act as a magnet to pull the price lower. A bounce from this level may result in a 115% surge in price to a new ATH of $0.1.
FIGHT comes at a time when the American political landscape calls for bravery and radicalness. Riding the wave of patriotism sparked by the recent assassination attempts, this token may soon surpass the $100 million mark.
Conclusion
Following the announcement of J.D. Vance as the vice presidential candidate, these three Trump-related meme coins have seen huge price surges. This rapid increase shows the volatile nature of politically-themed tokens and their sensitivity to news events. As the elections draw near, these Trump crypto may experience even more significant price swings.
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