As the U.S. presidential election heats up, the closely watched contest between Donald Trump and Kamala Harris is creating waves in the cryptocurrency market. A Trump win could drive major price moves in certain Trump-themed altcoins, according to analyst Elena R. With these tokens already on investors’ radar, Trump’s victory could set the stage for a dramatic rally. Among the tokens attracting interest are MAGA, MAGA Coin, and Super Trump Coin, which have shown increased volatility as election speculation builds.
MAGA Token: A Trump-Inspired Altcoin with 10x Potential
According to Elena R., MAGA token, one of the best-performing Trump-linked crypto assets, has seen a meteoric rise of 1,000% this year, despite a recent correction of 16%. MAGA token reached a market cap of $131.7 million, placing it among the top 300 altcoins. Technical analysis suggests that MAGA could retest the $9 level if Trump wins the presidency. However, if he loses, MAGA could drop to a crucial support level of $1.5.
Meanwhile, MAGA Coin, another Trump-aligned cryptocurrency, has gained 7% over the past 24 hours, with a trading volume of $31.52 million and a market cap ranking of 516. The 50-day Exponential Moving Average (EMA) continues to provide support, and if MAGA Coin holds above $0.0001844, it may test the $0.00035 resistance level. Increased selling pressure, however, could send the price down to $0.0000112.
Advertisement Banner
Super Trump Coin: Eyes on Potential Long-Term Gains
Super Trump Coin (STRUMP) has also captured attention, despite experiencing a 19.74% drop in recent days. The token remains promising, showing a long-term increase of over 1,412.5% since its launch. Technical indicators reveal that the 1-day Simple Moving Average (SMA) is posing resistance, which may suggest caution among investors. If the market sees a reversal, STRUMP could test the $0.00985 level; otherwise, intensified selling pressure might drive the price down to $0.003625.
With election results around the corner, these Trump-linked altcoins may face significant movement. Investors are closely watching, as a Trump victory could potentially ignite a major rally in these assets. However, if Trump loses or the outcome remains uncertain, these tokens may experience substantial corrections.
For more on how U.S. election outcomes could impact the cryptocurrency landscape, stay updated with The Bit Journal.
- https://twitter.com/Thebitjournal_
- https://www.linkedin.com/company/the-bit-journal/
- https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about breaking news!
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
