As a crypto investor with experience in the market, I’ve witnessed firsthand how political events can significantly impact the cryptocurrency landscape. The recent assassination attempt on former U.S. President Donald Trump during an election rally sent shockwaves through both the political and financial spheres. However, instead of causing panic or fear, this event had a positive ripple effect on the crypto market.
A formidable attempt on former US President Donald Trump’s life at a rally in western Pennsylvania last Saturday has caused ripples both in politics and finance. The incident saw Trump narrowly escaping injury when a bullet grazed his upper right ear. Remarkably, this violent occurrence sparked a positive reaction in the crypto market due to Trump’s pro-crypto stance. Meanwhile, Politifi Tokens demonstrated significant growth following the news.
After a week of declines, the Bitcoin price jumped approximately 2%, reaching over $60,000. Simultaneously, the total value of all cryptocurrencies rose by 3% to settle at around $2.33 trillion. The significant trading activity led to a noteworthy 24-hour volume of approximately $61.2 billion.
In the midst of political upheaval, purchasing Politifi Tokens presents a new investment prospect. The anticipated speech by Trump at the Bitcoin 2024 conference could potentially carry greater weight in shaping the market.
Politifi Tokens- MAGA (TRUMP)
The “Make America Great Again” (MAGA) cryptocurrency, occasionally referred to as the MAGA Memecoin, is a lighthearted digital currency that draws inspiration from Donald Trump’s renowned campaign slogan.
As a crypto investor, I’ve noticed that during the latest market surge, TRUMP‘s price experienced a correction and hit a bottom at $5. However, it bounced back using an uptrend line in my daily charts. The robust dynamic support established since March 2024 has been maintaining the asset, preventing any significant correction and offering suitable opportunities for accumulation.
As an analyst, I’ve observed a significant surge in the value of MAGA Coin. It jumped from its previous price to reach $9.37, representing a remarkable 87% growth. Additionally, the market capitalization of this cryptocurrency now hovers at a impressive $458.1 million.
Recently, the price increase has surpassed the descending trendline, indicating that the downtrend correction may have ended. Subsequently, a potential rally following this breakout could encourage buyers to attempt retaking the peak at $17.8.
Doland Tremp (TREMP)
TREMP, or Doland Tremp, is a humorous meme coin that pays tribute to former US President Donald Trump. It sets itself apart by functioning within the Solana blockchain network, bringing together amusement and satire in its identity and transactions.
For the past four months, the TREMP coin has experienced a consistent upward trend due to a rising channel formation. This pattern is indicative of two trendlines that create a dynamic resistance and support system for the coin’s price movements. The technical setup suggests a succession of higher highs and lows within this channel.
As a crypto investor, I’ve noticed an intriguing development with this memecoin. On July 8th, it bounced back from its lower trendline, leading to a significant 56% price increase and a current value of around $0.49. Meanwhile, the market capitalization has surged, reaching approximately $47.7 million.
If the trend continues, the price of TREMP may surge by approximately 320% and reach the upper limit of its pricing channel, around $2.
Super Trump (STRUMP)
The CRYPTOCURRENCY STRUMP was established to pay tribute to Donald Trump’s political heritage, upholding values like minimal government intervention and capitalist economics within a DECENTRALIZED SYSTEM.
As a researcher studying the cryptocurrency market in June, I observed a significant decline in the STRUMP price from $0.031 to $0.0079, representing a loss of 74.6%. However, this correction formed a well-known bullish continuation pattern on the chart, known as a flag. This setup presents an opportunity for counter-trend buying, aiming to restore the bullish momentum of STRUMP.
Over the past two days, the value of the Super Trump token has risen by 48%, reaching a price of $0.0121. The market capitalization for this token now stands at an impressive $28.19 million.
The robust bounce-back broke through the resistance line of the flag pattern, giving buyers the necessary boost to continue the upward trend.
Key Takeaway
After the latest assault on ex-US President Donald Trump, there’s been a striking increase in the cryptocurrency sector. Bitcoin has regained the $60,000 threshold, while most prominent altcoins persist in their uplifting trend. Amid this upward momentum, Politifi Tokens have experienced considerable growth, recording double-digit percentage increases within the past 24 hours and drawing in buyers looking to capitalize on the market’s positive trajectory.
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2024-07-14 15:36