Trump-themed tokens like Maga Memecoin TRUMP/USD, MAGA Hat MAGA/USD and Donald Tremp TREMP/USD are rallying in light of Donald Trump‘s surging election odds.
What Happened: Coinmarketcap data shows political meme coins approaching a total market capitalization of $700 million, up 11% over the past 24 hours. Trump-themed and US-themed meme coins have outperformed the wider market. Trump currently holds a 66.1% chance of winning, with Kamala Harris trailing at 33.9%, according to Polymarket traders.
| Cryptocurrency | Price | Market cap | 24-hour trend | 30-Day Trend |
| Maga TRUMP/USD | $4.56 | $210.2 million | +24.5% | +78.7% |
| MAGA Hat MAGA/USD | $0.0002224 | $91.4 million | +25.2% | +220.9% |
| Donald Tremp TREMP/USD | $0.381 | $38.2 million | +22.8% | +131.1% |
| American coin USA/USD | $0.052811 | $32.9 million | +34.9% | +359% |
Also Read: Trader Shares 3-Point Strategy To Win With Meme Coins—Here’s Where Dogecoin, Shiba Inu Come In
Trader Notes: Sistine Research tweeted about TRUMP's rise.
Atlas Tradez praised the breakout momentum for American coin USA/USD, predicting, "Expecting a similar repricing in multiples and speed on this breakout."
Coin Milo, a MAGA token holder, expressed enthusiasm for its price action and expects it to go higher.
Davie Satoshi pointed out bullish technical indicators for MAGA and predicted, "We should see a series of green candles if we break through the resistance."
What’s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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Image created using artificial intelligence with Midjourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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