MAGA (TRUMP)

The talk of the town – or rather, the talk of the shining city on a hill – in 2024 have been the upcoming presidential elections. The trend has also translated into the crypto markets and has generated numerous meme coins centered on one of the two main candidates – Joe Biden and Donald Trump – and several non-fungeable token (NFT) collections.

While any of the candidate-themed cryptocurrencies could theoretically skyrocket should the associated politician win, the MAGA tokens have, by press time, started appearing vastly more likely than the Biden ones.

The notion only became more true on June 28, given the reports that the Democratic party is looking to replace the elderly President on the November ballot after his performance during the June 27 debate.

Out of the Trump cryptocurrencies, the biggest reaction in case of victory is likely to come from MAGA (TRUMP) meme coin. It is not only the largest of the bunch, with a market capitalization of almost $350 million, but has already shown strong reactions to the candidate-related news.

Interestingly, the MAGA meme coin saw its biggest spike and its all-time high (ATH) a day after former president Trump was convicted. Overall, the cryptocurrency’s price, at the time of publication, stands at $7.96 and it is up 47,932% in the all-time chart. $BTC