MAGA Coin Surges 20% After Elon Musk Tweet
Donald Trump-themed memecoin, MAGA, surged 20% to $7.08 after Elon Musk's mention on X. Musk posted a meme with "Make America Great Again," boosting the coin's visibility.
Impact of Musk’s SupportMusk's indirect endorsement of Trump and his support for a Trump-backed Super PAC spurred market reactions. Justin Sun, founder of Tron, also praised Trump’s potential for the crypto industry. The entire crypto market, including Bitcoin and Ethereum, saw gains. MAGA's price peaked at $8.27 before stabilizing 16% below its high.
Biden's Potential Exit
Mike Novogratz predicts Joe Biden might exit the race soon, though Biden insists on staying.
MAGA Price Predictions
If momentum continues, MAGA could hit $7.12 to $17.48 by 2024’s end, averaging $17.19. For 2025, predictions range from $17.13 to $20.55, with an average of $19.49.
Summary
Elon Musk’s influence has significantly boosted MAGA coin. With election buzz, MAGA could reach new heights. Keep an eye on this potential next big thing in crypto.
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