Elon Musk posted a meme image with the words "Make America Great Again". He was talking about the leadership of the United States in the upcoming election. Although he denied supporting any candidate before, Musk's huge donations to the super PAC supporting Trump clearly show that he supports Trump.
Musk reluctantly endorsed Trump for the presidency. He posted a post expressing his support for Trump and wishing him a speedy recovery. Even Tron founder Justin Sun joined in, saying that Trump is the best choice for the cryptocurrency industry.
The entire cryptocurrency market went crazy. Bitcoin (BTC), Ethereum (ETH), and other tokens all saw a sharp rise. The price of MAGA soared more than 50% to $8.27 before retreating. Even now, MAGA's value is about 16% lower than its previous high, but it is still much higher than before.
MAGA Price Prediction 2024 and Beyond
Looking ahead, if MAGA maintains this momentum and breaks above its moving averages, it could reach a target between $70.12 and $170.48 by the end of 2024. The average price is expected to be around $77.19.
Things will be even better by 2025. Technical analysis shows that MAGA could drop to $77.13 and go as high as $200.55. The average price could reach $140.49.
