Key Takeaways
- MAGA, a Donald Trump-themed meme coin, has seen a sharp increase in value, reaching $3.50.
- Over the past 24 hours, MAGA has been among the best performers.
- Another meme coin with a Trump theme has increased by 29%.
In the past day, MAGA (TRUMP) has increased in value from $2.81 to $3.50. CoinGecko reports that throughout the past seven days, the price of the Donald Trump joke coin has been declining.
TRUMP lost that level and dropped from $4.66. But with just one day to go before the results of the U.S. presidential election, the meme coin’s price started to spike on November 4. TRUMP’s price has fallen to $3.40 as of this writing.
TRUMP Emerges as a Leading Growth Leader
The cryptocurrency market has been undergoing a downturn since last week, and certain assets are currently in the red zone. Bitcoin (BTC) dropped after failing to maintain the $70,000 mark.
Some meme currencies are expanding, though. Among them, TRUMP emerged as a frontrunner, ranking sixth in terms of price rise over the previous day. Fartcoin (FARTCOIN), which surged by 45% in a single day, is in first place.
There are several meme coins that have gained popularity in relation to Trump and the US elections besides TRUMP. The price of MAGA Hat (MAGA), which has increased by 29.2% in a single day, is in second place in terms of growth.
“Make America Great Again” is written on a red cap that serves as the MAGA hat. It is a component of Donald Trump’s election campaign and is offered for sale on his website.
Elections for President of the United States and the Crypto Market
On November 5, the outcome of the U.S. presidential election will be revealed. Since each candidate has a different economic plan, this is a significant event for the financial markets as well as the political arena. Because Kamala Harris and Donald Trump have opposing views on how to regulate cryptocurrencies, this is particularly pertinent to the crypto industry.
One of the main proponents of cryptocurrencies is thought to be Donald Trump, which could lead to less stringent regulation. In addition, Trump owns the WLFI token and his own cryptocurrency platform, World Liberty Financial. Kamala Harris takes a more conventional stance, emphasizing investor protection and cryptocurrency regulation.
Unchained Pepe (Meme)
There is another well-known coin that is causing a stir on X right now if meme coins are of interest to you.
A layer-2 token with lightning-fast transactions is Pepe Unchained. Along with lower gas costs, it promises to be 100 times faster than Ethereum. You can obtain intriguing cryptocurrency prospects by staking $PEPU, which had a very successful presale that raised about $11 million.
