Trump-themed tokens such as MAGA Memucoin TRUMP/USD, MAGA Hut MAGA/USD, and Donald Tremp TREMP/USD are rising in light of Donald Trump’s increasing election odds.
What Happened: Data from Coinmarketcap shows the political meme coin has risen 11% in the past 24 hours and is approaching a market cap of $700 million. Trump-themed meme coins and US-themed meme coins outperformed the broader market. Trump currently has a 66.1% chance of winning, followed by Kamala Harris at 33.9%, according to Polymarket traders.
Cryptocurrency Price Market Capitalization 24 Hour Trend 30 Day Trend MAGA TRUMP/USD$4.56$210.2 million +24.5%+78.7%MAGA Hat MAGA/USD $0.0002224$91.4 million+25.2%+220.9%Donald Tremp TREMP/USD $0.381$38.2 million +22.8 %+131.1 %American Coin USA/USD $0.052811$32.9 million+34.9%+359%
Also read: Traders share a 3-point strategy to win with meme coins—this is where Shiba Inu Dogecoin comes in
Trader Note: Sistine Research tweeted about the rise of TRUMP.
Atlas Trades praised the breakout momentum of the US coin USA/USD and predicted that “this breakout is expected to rise in similar multiples and speed.”
MAGA token holders Coin Milo have expressed enthusiasm for its price action and expect the price to rise.
Davey Satoshi pointed to MAGA’s bullish technical indicators and predicted, “If we can break through the resistance, we should see a series of green candlesticks.”
What’s next: The impact of meme coins will be thoroughly explored at Benzinga’s Future of Digital Assets event on November 19th.
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