Donald Trump themed memecoin, MAGA, simply shot up by 20% after a shoutout from Elon Musk on X. That’s proper ! MAGA is buying and selling at $7.08, up by a loopy 20.22% in simply 24 hours.
Elon Threw MAGA to the Highlight
Elon Musk, the person behind Tesla, posted a meme picture on X with “Make America Nice Once more.” He was speaking concerning the US management with the elections arising. And despite the fact that he denied backing any candidate earlier than, Musk’s big donation to a Tremendous PAC supporting Trump made his help fairly clear.
Affect of This Daring Transfer
Musk narrowly endorsed Trump for president. He posted on X, displaying his help for Trump and wishing him a speedy restoration. Even Justin Solar, the founding father of Tron, jumped in, saying Trump is one of the best for the crypto trade.
The entire crypto market went nuts. Bitcoin (BTC), Ethereum (ETH), and different cash noticed a pleasant bump. MAGA’s worth shot up greater than 50% to $8.27 earlier than cooling off a bit. Even now, MAGA’s worth is about 16% decrease than its earlier excessive, however nonetheless manner up from the place it was.
Countdown to Biden’s 72 Hours
And right here’s one other twist-Trump’s rival, Joe Biden, may be dropping out of the race. Mike Novogratz, CEO of Galaxy Digital, thinks Biden has no probability within the upcoming elections. Democratic leaders need Biden to step down, and Novogratz predicts it’ll occur in 72 hours. However Biden is sticking to his weapons, saying he’s staying within the race.
MAGA Value Prediction for 2024 and Past
Wanting forward, if MAGA retains this momentum and breaks above its transferring averages, it may hit targets between $7.12 and $17.48 by the top of 2024. The typical worth is anticipated to be round $17.19.
For 2025, issues look even higher. Technical evaluation exhibits MAGA may go as little as $17.13 and as excessive as $20.55. The typical worth would possibly hit $19.49.
Story in a Nutshell!
Elon Musk’s endorsement has given Trump’s MAGA coin a large enhance for positive. This coin isn’t endorsed or created by Trump, it’s the title that’s the reason behind the meme coin’s huge development. With the upcoming elections and all the thrill, MAGA may very well be heading to new highs. So, hold your eyes on this memecoin-it would possibly simply be the following huge factor within the crypto world! Don’t miss out on this rollercoaster journey.
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