Donald Trump’s memecoin MAGA has surged considerably within the final 24 hours. On the time of this writing, MAGA was buying and selling at $7.08, corresponding with a 20.22% enhance in a 24-hour interval.
MAGA Within the Highlight Amid Elon Musk Endorsement
The expansion within the memecoin’s market worth coincides with the interval that X proprietor Elon Musk shared a submit, captioned “Make America Better Once more.”
Make America Better Once more pic.twitter.com/NRxZkWbbi7
— Elon Musk (@elonmusk) July 20, 2024
The Tesla boss was referring to the management of the USA amidst preparation for an election later this yr. It’s now not information that Musk has endorsed Trump for the presidential place.
The Tesla CEO’s assist for the forty fifth President of the USA was speculated a couple of weeks in the past however he allegedly denied backing any Presidential candidate. Thereafter, Musk donated a considerable quantity to a Super Political Action Committee (PAC), aiming to re-elect Trump to the White Home. Notably, his “sizable” donation made it tough to disclaim their affiliation.
Shortly after narrowly escaping an murderer try, Elon Musk endorsed Donald Trump within the race for the White Home. He shared a submit on X, saying he endorses Donald Trump whereas wishing him a speedy restoration. Even Tron Founder Justin Solar shared the identical submit on X, including that “he’s a more sensible choice for the crypto business and might guarantee fairer therapy.”
Throughout this time, the crypto market reacted in a slightly resilient method, reflecting a vote of confidence on Trump. Bitcoin (BTC), Ethereum (ETH) and different altcoins noticed an affordable leap of their costs. Extra considerably, MAGA worth registered greater than a 50% enhance to $8.27 earlier than dropping to a decrease stage.
In comparison with this earlier excessive, the present worth of the Trump memecoin continues to be about 16% decrease.
Biden’s 72 Hours is Nonetheless Counting
In different information related to the election, Trump’s rival Joe Biden is anticipated to drop out of the race.
On Friday, Galaxy Digital CEO Mike Novogratz famous that there isn’t a path ahead for the forty sixth United States President within the upcoming elections. He highlighted the requests of Democratic get together leaders, asking Biden to step down. Consequently, Novogratz thinks the president will step down in about 72 hours.
Previous to this prediction, Biden had written to Democrat leaders in Capitol Hill, reiterating his dedication to stay within the race.
Learn Extra: Crypto Titans Bet On Donald Trump’s Win For SEC Shake-Up
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MAGA Price Skyrockets 20% On Elon Musk New Post coingape.com 2024-07-20 21:20:06
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