MAGA (TRUMP) Coin Price Rises Triggered by Trump At Bitcoin Conference

Bittime - The price of MAGA coin (TRUMP) rose 15% on Trump's push for Bitcoin. With a market cap of $321 million and Trump's pledge to support crypto, MAGA shows huge growth potential in the market.

MAGA (TRUMP) Coin Price Rises Triggered by Trump At Bitcoin Conference

MAGA (TRUMP), a popular memecoin created in honor of President Donald Trump, has risen 15% since its launch. Currently, it has a market cap of $321 million and is trading at $7.31. With Trump's push towards Bitcoin and the crypto market as a whole during his presidential campaign, the popular cryptocurrency has seen huge gains this year.

MAGA (TRUMP) prices soared to a record high of $17.01 in late June. However, it has undergone a correction of more than fifty percent since then. It will be interesting to see if Trump will make any special statements at the Bitcoin Conference. If that happens, it could set MAGA back on a recovery path and reach new all-time highs.

Trump Potentially Announces Bitcoin as US Strategic Reserve

For some time, the crypto asset community has been waiting to hear from former President Trump at the Bitcoin Conference. Many market analysts believe that, if Trump becomes the next president, he might declare Bitcoin (BTC) a US strategic reserve. Trump had an anti-cryptocurrency stance during his previous presidency. However, he did a 180 degree turn this time by making a thorough effort to influence the crypto community.

Trump Promises to Actively Engage with Bitcoin Community

Additionally, Trump made a promise to actively engage with the Bitcoin community and stated that, if he were the next president, he would support Bitcoin mining in the United States. Due to significant trading activity following Trump's pro-Bitcoin stance, a rally of cryptocurrencies such as MAGA and TREMP emerged.

Conclusion

Since its launch, the price of the MAGA (TRUMP) memecoin, created in honor of Donald Trump, has increased by 15%. MAGA shows great growth potential in the crypto market with a market cap of $321 million and a current trading price of $7.31. Before experiencing a correction of more than fifty percent, the price reached a high of $17.01 in late June.

MAGA and other crypto players greatly benefited from Trump's push for Bitcoin and the crypto market during his presidential campaign. Market sentiment was influenced by speculation that Trump might declare Bitcoin a US strategic reserve if he is re-elected.

Additionally, investors are more confident due to Trump's promise to actively engage with the Bitcoin community and support Bitcoin mining in the United States. More trading activity and Trump's pro-Bitcoin stance could bring MAGA back to the top and reach new records.

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