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3 Trump Crypto Mooning After JD Vance VP Announcement

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4 months ago

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After Donald Trump named pro-crypto senator J.D. Vance as his VP running mate, Trump crypto began mushrooming and mooning all over the space. This follows the recent attempted assassination of former president Donald Trump, which saw him strengthen his resolve to attend the Bitcoin 2024 conference in Nashville next week. These 3 Trump crypto are surging in price after the J.D. Vance announcement.

1. Trump Crypto – MAGA (TRUMP)

MAGA is a popular Trump meme coin that has existed for some time. The main idea behind the project is to use the hype around Donald Trump to raise money for charity causes in the United States. The MAGA smart contract has a 1% tax on buys, sells, and transfers, which is directed toward donations to U.S. veterans and child trafficking prevention services. Over $1.74 million has been donated since the project launched. 

TRUMPTRUMP

The price of TRUMP is down 7.1% in the last 24 hours but up 24% in the past week. Trading at $7.58, TRUMP has seen a decrease in trading volume as investors lock in profits gained over the past week. Market participants await July 25-27 for Trump’s address at the Bitcoin Conference, which may further increase TRUMP’s price.

Even though unaffiliated with Donald Trump, the cause MAGA campaigns for has been monumental in sustaining their price and value in the crypto meme coin market. As the days speed toward the November 2024 U.S. elections, a Trump win could translate into exponential gains for the asset.

2. Make America Great Once Again (MAGOA)

Make America Great Once Again is the slogan of the 2024 Republican National Convention (RNC) held in Milwaukee, Wisconsin. The convention spans 3 days, during which various members of the GOP make speeches concerning their plans for the nation if elected. 

The MAGOA token is one of the most recent Trump crypto on the Ethereum network. It was launched on July 16 and immediately took off. However, the developer burned liquidity, sold all his tokens, and abandoned the community. Since the developer left, MAGOA has soared in price, making higher highs.

MAGOA PriceMAGOA Price

The price of MAGOA is $0.00001447, a 19.9% increase in the last 24 hours. The chart looks healthy for a one-day-old project, and the liquidity is large enough to support small whales and sharks. Sitting at a $6 million market cap, MAGOA has the potential to rally 1000% from this price before even touching a $100 million market cap. 

However, in the short term, MAGOA price is trending inside a range, showing bulls are accumulating before the next leg up. A break above the zone may result in a 158% increase from the current price.

The upcoming Bitcoin 2024 conference promises to provide the much-needed hype boost to push this Trump crypto higher.

3. Fight to MAGA (FIGHT)

Shortly after the attempted assassination of former President Trump, Fight to MAGA was launched on the Ethereum blockchain. As he was escorted off the stage, Trump told everyone to “Fight”, encouraging them not to stop striving to make America great again. Taking advantage of the hype around the incident, FIGHT launched and immediately soared over 13,000% within the first 15 hours. After a day of consolidation, FIGHT again surged another 600% to hit its all-time high price of $0.08390.

Fight to MAGA - trump cryptoFight to MAGA - trump crypto
Fight to MAGA

The price of FIGHT is $0.062, a 54% increase in the last 24 hours. FIGHT has retraced 25% from ATH’s price and is currently at the 0.382 Fibonacci retracement level. This level has been tested once before in the last 24 hours, making it decent. Nevertheless, there is a fair value gap (FVG) lower around $0.045, which may act as a magnet to pull the price lower. A bounce from this level may result in a 115% surge in price to a new ATH of $0.1.

FIGHT comes at a time when the American political landscape calls for bravery and radicalness. Riding the wave of patriotism sparked by the recent assassination attempts, this token may soon surpass the $100 million mark.

Conclusion

Following the announcement of J.D. Vance as the vice presidential candidate, these three Trump-related meme coins have seen huge price surges. This rapid increase shows the volatile nature of politically-themed tokens and their sensitivity to news events. As the elections draw near, these Trump crypto may experience even more significant price swings.

Frequently Asked Questions (FAQs)

Trump crypto refers to various cryptocurrencies associated with former U.S. President Donald Trump

J.D. Vance is an American politician and senator who was choosen by Donald Trump to be his vice president running mate.

There is high likelyhood that most Trump coins will continue mooning as polls favor former president Donald Trump to win the upcoming U.S. elections.

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Evans Karanja is a content writer and scriptwriter with a focus on crypto, blockchain, and video gaming. He has worked with various startups in the past, helping them create engaging and high-quality content that captures the essence of their brand. Evans is also an avid crypto trader and investor, and he believes that blockchain will revolutionize many industries in the years to come. When he is not writing, you can find him playing video games or chasing waterfalls.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Gary Gensler Reaffirms Crypto Regulatory Stance Amid Resignation Calls

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7 days ago

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November 14, 2024

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Ahead of Donald Trump’s team taking office, US SEC Chair Gary Gensler has reiterated his commitment to regulating the cryptocurrency market, stating that stricter oversight is necessary to protect investors. Speaking at the Practicing Law Institute’s Annual Institute on Securities Regulation in New York, Gensler highlighted the importance of clear “rules of the road” for the industry. 

Gensler has also pointed out that many of these assets are securities and should, as such, be regulated by existing securities laws, which include the disclosure and registration rules.

US SEC Chair Gary Gensler’s Stance on Crypto Regulation

US SEC Chair Gary Gensler has argued that the cryptocurrency market needs regulatory safeguards similar to those in traditional financial markets. He emphasized that while Bitcoin is the only asset that does not fall under the category of securities, other forms of digital assets should be considered securities based on the current legal framework.

Gensler said, “Court after court has agreed with our actions to protect investors,” pointing out that the SEC is empowered to implement these laws in the crypto sector.

Gensler pointed out that most other digital assets outside of Bitcoin have yet to demonstrate clear utility and could potentially threaten investors. His comments are made just as a last attempt to build regulatory frameworks before the new Trump administration takes office, with candidates like Robinhood CLO Dan Gallagher emerging as the leading candidates to replace Gensler.

Gary Gensler Highlights SEC Accomplishments

In his speech, US SEC Chair Gary Gensler outlined some of the regulatory measures he has implemented since taking office. He mentioned new requirements for enhancing the quality of information companies provide, such as those concerning executive compensation and data breaches. 

Gensler also discussed improvements in market infrastructure, including the accelerated settlement period for stocks and stricter rules for Treasury clearing.

Besides his achievements, Gensler also mentioned that he was proud of his work at the SEC, calling it “a remarkable agency.” He thanked his colleagues and noted that the US SEC will still play a significant part in ensuring that there are proper protections for investors in the United States. Gary Gensler’s comments amid speculations that he could resign this week.

Resignation Calls and Future of the SEC

Since Donald Trump’s re-election, Gary Gensler has come under pressure to resign, including from ex-SEC official John Reed Stark. Stark, an outspoken opponent of Gensler’s regulation of the cryptocurrency industry, said that Gensler should leave the position to make it easier for the new SEC chairman to come in. 

Gary Gensler has, however, not given any signs of quitting his position despite the calls for his resignation. Some have opined that he may resign in the event that Trump appoints a new SEC chairperson with a friendly disposition towards cryptocurrencies. Donald Trump has expressed his desire to create a conducive environment for cryptocurrency, which will lead to changes in the agency’s policies and the firing of Gensler.

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Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Donald Trump To Make US “Crypto Capital” With Pro-Crypto Candidates

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1 week ago

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November 12, 2024

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President-elect Donald Trump is preparing to shift the U.S. government toward a more crypto-friendly stance, aiming to fulfill his campaign promise to make the U.S. the “crypto capital of the planet.” To support this objective, Trump is reportedly considering industry-friendly candidates for key financial regulatory positions, focusing on individuals with pro-crypto views. This strategy comes as Trump’s advisers hold discussions with crypto industry leaders on potential federal policy changes.

Donald Trump Eyes Pro-Crypto Candidates to Make US ‘Crypto Capital’

According to recent reports, Donald Trump intends to appoint pro-crypto figures to lead major financial regulatory bodies in his second term. This move aligns with his goal to transform the U.S. into the leading global hub for cryptocurrency innovation and adoption. Trump’s advisors have been in discussions with various crypto industry leaders and executives to identify suitable candidates for roles in agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Among those under consideration are Hester Peirce and Daniel Gallagher, both known for their favorable stance on digital assets. Peirce, often referred to as “Crypto Mom” for her support of a more open regulatory environment, has expressed criticism of the SEC’s current approach to digital assets. Gallagher, currently an executive at Robinhood, has also faulted the agency’s aggressive stance on crypto regulation.

More so, recent CoinGape report revealed that Gary Gensler is expected to step down by the end of the year. Sources suggest that the Trump administration is considering Dan Gallagher as his replacement to bring a more crypto-friendly approach to the SEC.

Similarly, industry experts and executives have voiced optimism for Trump’s proposed regulatory changes. For instance, Cardano founder Charles Hoskinson expressed a desire to collaborate with the U.S. government to develop clear and consistent regulations for the industry. Hoskinson’s involvement aims to offer the crypto sector a more structured framework to operate within.

Many in the industry see this approach as a step toward more concrete guidelines that will aid crypto business operations.

Pro-Crypto Stance Boosts Market, Rallies BTC To New ATH

Concurrently, Donald Trump’s unqualified support for cryptocurrency has sent a ripple through the markets, contributing to BTC price rally to an all-time high of over $89,000. Crypto investors are hopeful that Trump’s administration will enact policies favorable to the industry. 

The incoming administration’s interest in pro-crypto policies has generated positive sentiment among major stakeholders. A clear and supportive regulatory framework will possibly drive further market rally.

However, some economic commentators remain critical. Economist and crypto critic Peter Schiff voiced concerns over Trump’s proposed national Bitcoin reserve, cautioning that it could harm the dollar’s stability. Schiff argues that if the government were to invest heavily in Bitcoin, the dollar might face devaluation. Nonetheless, Donald Trump’s team and industry advocates remain focused on making the U.S. a “crypto capital.”

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Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Founder Charles Hoskinson Confirms Crypto Advisor Role Under Donald Trump

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2 weeks ago

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November 10, 2024

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Cardano Founder Charles Hoskinson has confirmed plans to collaborate with the U.S. government under Donald Trump to help shape crypto legislation. The goal is to create clear regulatory frameworks for the cryptocurrency industry, which has faced years of uncertainty and regulatory challenges.

Charles Hoskinson revealed these plans during a recent address, where he emphasized the need for bipartisan support in developing crypto-friendly policies. This development comes as Cardano, along with other major blockchain networks like Bitcoin, faces ongoing regulatory scrutiny from U.S. agencies.

Cardano Founder Charles Hoskinson Crypto Advisor Role

Hoskinson stated that his company, Input Output Global (IOG), will establish a dedicated policy office to focus on crypto regulation. The office will work to integrate aspects of the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Responsible Financial Innovation Act (RFIA) into a comprehensive legislative proposal. “I will work with lawmakers and the administration to get a bipartisan bill passed,” he said.

The Cardano founder highlighted the importance of cooperation across party lines, pointing out that the recent FIT21 bill passed in the House with over 60 Democrat votes, indicating growing support for bipartisan crypto legislation.

Charles Hoskinson’s statement also acknowledged the potential influence of a Republican-controlled Senate, House, and presidency in the coming years. He expressed optimism that the political environment could present an opportunity for the crypto industry to secure much-needed regulatory clarity. He remarked,

“This is the best opportunity we have ever had in the history of the industry to get clarity.”

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Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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