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3 Trump Crypto Mooning After JD Vance VP Announcement

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2 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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Donald Trump’s Crypto Project To Have 63% WLFI Token Allocation to Public

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3 days ago

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September 17, 2024

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On Monday, Republican presidential candidate Donald Trump officially unveiled his much-awaited DeFi crypto project – World Liberty Financial. Later, there was an announcement that the project would have its native WLFI token with some scant details available regarding the project.

Donald Trump’s World Liberty Financial WLFI Token Allocation

Donald Trump spoke very little about his crypto project yesterday in a two-hour live stream. However, later one of the project leaders  Zak Folkman announced that there “will be a token”.

Reading through a pre-written statement, Folkman also stated that the World Liberty Financial Project was willing to sell non-transferable WLFI tokens. He added that WLFI tokens “are pure governance tokens, only providing the right to make proposals and vote on matters related to the platform”.

There are some minor details regarding the distribution pattern for WLFI tokens. Reportedly, 63% of the WLFI tokens would be available to the public and the other 17% would be reserved for public use. The rest 20% would go towards public compensation.

Addressing Security Concerns

While commenting on the regulatory uncertainty surrounding crypto tokens and their sales in the United States, Folkman added that WLFI has decided to restrict its token sales to specific individuals.

“Although we don’t consider WLFI to be a security, it’s prudent to limit the sales to those eligible for transactions exempt from registration under U.S. federal securities law,” he added. Thus, US people willing to participate in these token sales need to be either accredited investors or reasonably verified.

Folkman along with the co-leader of World Liberty Financial Chase Herro, stated that they are identifying how the platform aims to eliminate barriers present in the traditional financial system.

However, the initial community reaction to the launch of the Donald Trump crypto project hasn’t been much positive. Following the recent assassination attempt on Trump, the former President unveiled the project but didn’t reveal many details about the DeFi project or its functionality regarding the same. The community shares its disappointment in sharp words.

Several listeners at the X Spaces launch of the World Liberty Financial project shared their frustration over the lack of substantive information about the platform and its actual functionality.

Previous reports also suggest that the DeFi project from Donald Trump would offer borrowing and lending similar to Dough Finance.

Crypto has taken center stage in the recent Trumpvs Harris battle. In the latest development, XRP Healthcare, a startup ecosystem based on XRP Ledger recently endorsed Trump for the upcoming Presidential elections.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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 Jr Launches Telegram Channel For Crypto Project

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1 month ago

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August 15, 2024

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Donald trump Jr has launched the Official Telegram Channel for the family’s long-awaited crypto project. Taking to his official X account, he said the channel is particularly important in order to allay fears and misconceptions surrounding the project.

The Donald Trump Jr Crypto Project Telegram Channel

Since Eric Trump first teased the crypto and DeFi announcement earlier this month, the community has remained ecstatic. While there is no idea what the family plans to unveil, many acknowledge how big the project might be.

The Telegram Channel teased by the Presidential Candidate’s son is named “The Defiant Ones.” As noted, this is where interested followers can get the real story on what is coming. As of the time of writing, the member count on The Defiant Ones Channel has topped 11,081. At a rate of about 1,000 new members every 30 minutes, this is becoming one of the fastest growing channels.

The choice of Telegram is understandable, considering many crypto communities revolve around the messaging app. Despite the Elon Musk Interview with Trump recently, there remains no clue on what the DeFi project is. The family has a unique history of launching crypto projects like NFTs, hence, this next project is not completely new.

One thing that calls for speculation, however, is the timing of this announcement. With the Presidential elections heating up, the former President and Kamala Harris are focused on what truly matters. One of these is the confirmed debate between JD Vance and Tim Walz. The main candidates also have their own debate schedules confirmed.

Whether or not this current project will give the Trump team a better advantage remain unknown.

The Crypto Battleground

In the forthcoming election, Bitcoin and its accompanying ecosystem is considered a major battleground for voters. the Donald Trump crypto push is well defined. While Kamala Harris started on a wrong footing, her team are now trying to retrace their footsteps.

One of the major changes among the Democrats is the recent statement from Senator Chuck Schumer. As the majority leader, he voiced his commitment to passing sensible crypto regulation before the end of the year. This is a major pivot complementing the efforts of crypto Super PACs like Fairshake. Recently, Fairshake revealed the first candidates to fund that can drive this same agenda.

Should Chuck Schumer drive this bipartisan move, the crypto votes to split will now become more tighter.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

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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Kamala Harris Beats Donald Trump On Prediction Market Ahead Crypto Meetings

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1 month ago

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August 8, 2024

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In a remarkable turn of events, Vice President Kamala Harris has overtaken former President Donald Trump in prediction markets, reflecting a surge in her campaign’s momentum. This comes after talks of a crypto reset and some meetings scheduled. However, as Harris’ win odds surge, the crypto industry might lose out on the ambitious plans Trump suggested.

Kamala Harris Vs Donald Trump

While Kamala Harris and Donald Trump look tied on Polymarket, the former has taken a small lead. According to the latest data, Harris’s election odds are now at 49.2%, while Trump lags slightly behind at 49%. This shift follows a period where Trump had a commanding lead, having previously reached a high of 71% win odds on Polymarket.

The Harris campaign’s recent efforts to engage the crypto community appear to be a significant factor in this turnaround. On Tuesday, August 6, the Democrats launched the Crypto4Harris Group. It is an initiative aimed at organizing, fundraising, and developing a nuanced crypto-policy approach for Harris’s presidential bid.

Moreover, the group will hold its first town hall meeting next week. This meeting will see notable figures like billionaire Mark Cuban and former White House Communications Director Anthony Scaramucci. The move to court crypto enthusiasts is seen as a strategic effort to counter Trump’s influence in the sector and build Harris’s image within the crypto industry ahead of the November elections.

Also Read: Kamala Harris’ Election Win Odds Hits 47%, Is Trump’s Bitcoin Strategy At Risk?

Crypto Reset Strategy

Such initiatives is part of a broader strategy by pro-crypto Democrats to reset Kamala Harris’s relationship with the industry and establish a fresh start. In addition, California Congressman Ro Khanna is also scheduled to host a pivotal roundtable in Washington. This roundtable is set to feature crypto industry leaders and renowned political figures.

It aims to discuss the future of crypto policy. Moreover, Harris campaign representatives and other Democrats are expected to join. Furthermore, Mark Cuban’s endorsement of Kamala Harris and Minnesota Governor Tim Walz has generated significant attention. Cuban, who has been an outspoken advocate for cryptocurrency, will be speaking at the upcoming Crypto4Harris town hall meeting.

His participation underscores the growing influence of the crypto community in the political arena. However, Harris’s attempt to pivot her stance on crypto has not been without controversy. Tennessee Senator Bill Hagerty recently criticized her new strategy.

He suggested it was a ‘desperate’ attempt to mimic Trump’s success at the Bitcoin conference in Nashville. Hagerty’s comments reflect a broader skepticism among some Republicans about Harris’s commitment to a pro-crypto approach.

Despite these criticisms, the Harris campaign’s crypto outreach has potential benefits. If Harris follows through on her promise of a pro-crypto policy, it could signal a limited crackdown on the industry. However, the some of Donald Trump’s ambitious plans on crypto may never see the light of the day.

Trump has announced his intention to establish a strategic Bitcoin reserve. This proposal could gain traction with the support of Senator Cynthia Lummis’ bill. Furthermore, it is deemed one of the most bullish moves for the industry. On the flip side, Harris hasn’t announced similar plans as of yet.

Also Read: Kamala Harris Likely To Appoint Anti-Crypto Treasury Secretary: Report

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Kritika boasts over 2 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.

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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