The crypto world is buzzing with excitement as Trump-themed meme coins are surging alongside Donald Trump’s growing chances of winning the upcoming US election. Coins like MAGA, TRUMP, and TREMP are experiencing a significant price surge, outperforming the broader cryptocurrency market.
CoinMarketCap data reveals that these political meme coins have collectively reached a market capitalization of almost $700 million, a remarkable 11% increase within just 24 hours. This surge can be directly attributed to the recent spike in Trump’s election odds, which have him leading with a 66.1% chance of winning, according to Polymarket traders. Kamala Harris trails behind at 33.9%.
The enthusiasm surrounding these coins is evident in the passionate discussions and predictions circulating on Twitter. Sistine Research, a prominent crypto analyst, highlighted the rise of TRUMP in a tweet, setting off a wave of speculation. Atlas Tradez, another influential figure, noted the breakout momentum of American coin USA/USD, predicting a similar surge in price. Meanwhile, Coin Milo, a MAGA token holder, expressed excitement about the price action and anticipates further growth.
Davie Satoshi, a respected crypto analyst, pointed to bullish technical indicators for MAGA, predicting a series of green candles if the token manages to break through the current resistance level. This optimistic outlook reflects the general sentiment among traders and investors, many of whom see a significant upside potential in these meme coins.
The surging popularity of these Trump-themed cryptocurrencies is a testament to the influence of meme coins in the crypto space. The upcoming Benzinga’s Future of Digital Assets event on November 19th is expected to delve deeper into the impact of these coins and their potential long-term implications for the digital asset landscape. As the election draws nearer, all eyes will be on these political meme coins, watching their price fluctuations and the potential impact they may have on the broader crypto market.
