Trump-related coins on fire

-

Trump-related cryptocurrencies are making a comeback, particularly the Maga Memecoin, which has bounced back from its lows in September.

Trump meme

A popular crypto trader, known as Unipcs in the social media shared on X that he expects political memecoins to see a bigger rally in October.

Trump
X

Unipcs believes that both Maga Memecoin and other Trump-themed tokens could benefit from this hype.

Another trader, Davie Satoshi shared that the three-day stochastic relative strength index for MAGA shows a bullish trend.

While there are some temporary resistance levels to watch, the overall chart suggests a promising potential even for a threefold increase in price from current levels.

“The stoch RSI on the 3-day chart for $MAGA is looking very bullish.”

Dogs are okay, but politicians? Really?

This news is important because political memecoins currently hold a combined capitalization of $652 million.

The interest in these tokens could be influenced by political events as we approach the 2024 election.

For example, Polymarket data shows that Kamala Harris has a 50% chance of winning the election, while Donald Trump stands at 48%.

Have you read it yet? US election results won’t halt Bitcoin rally in Q4


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Saga teams up with Virtuals, Eliza Labs, and Wayfinder to launch AI-powered network

Saga, the Web3 gaming blockchain has just announced a partnership with Virtuals Protocol, Eliza Labs, and Wayfinder. Together, they’re launching Metropolis.lol, a new protocol that...

VanEck’s new ETF targeting crypto firms

VanEck has just filed with the U.S. SEC to launch its latest venture: the On-chain Economy ETF. This fund is all about investing in companies...

Chainlink unveils new cross-chain token standard

Chainlink has just rolled out an upgrade to its Cross-Chain Interoperability Protocol, the CCIP, and it’s cheered by developers and investors alike. The new cross-chain feature On...

Uniswap + Ledger: safe token swaps for DeFi

Uniswap Labs has just partnered with Ledger Live to make swapping tokens easier and more secure. This collaboration is all about giving users more control over...

Most Popular

Guest posts