Date: Thu, Oct 17, 2024, 05:11 PM GMT
The cryptocurrency market is buzzing as two political-themed memecoins—TRUMP (MAGA) and MAGA (MAGA)—experience significant rallies. With the U.S. presidential election just 18 days away, these coins are gaining momentum alongside shifting political dynamics.
In the past 24 hours, TRUMP (MAGA) has surged 9% and achieved an eye-catching 147% gain over the past 30 days. Meanwhile, MAGA (MAGA) is outperforming with a 14% increase in the last 24 hours and a whopping 164% jump in the last 30 days.
What’s Driving the Rally?
The bullish rally around these coins is directly tied to the upcoming U.S. presidential election. With the political tide turning towards Donald Trump, crypto investors are betting big on these Trump-themed memecoins.
Recent data from Polymarket, a popular prediction platform, reveals a shift in election forecasts:
- Donald Trump now has a 61.5% chance of winning.
- Kamala Harris’s chances have slipped to 38.6%.
As Trump’s chances improve, TRUMP (MAGA) and MAGA (MAGA) are riding the bullish wave, with investors expecting potential gains tied to a favorable election outcome.
What to Expect Next?
With election day fast approaching, we can anticipate further price surges and volatility for these coins. As these memecoins are closely tied to election results, their value could fluctuate wildly based on the political developments and polling updates in the coming days.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.