The post MAGA Team Revealed Faces Amidst Nashville Bitcoin Conference -Token Surged 18.31% appeared first on Coinpedia Fintech News
The team behind one of the famous Donald themed tokens called MAGA revealed their faces during Bitcoin conference 2024 at Nashville. This is the first time some meme coin team has shown their faces to the world. Let’s explore what this means for the MAGA token and for the investors.
Hidden faces behind meme coins
There are hundreds of thousands of meme projects in the market but none of them even had the guts to show their real faces. There are some projects who show names of their team on the website but without any image or link to their social media. It is no wonder that meme projects don’t want to reveal their true identity because a meme project can get buried anytime. There have been a lot of meme projects which got huge hype and made millions and billions, still they don’t want to show themselves. Getting to know the team behind a crypto project is one of the main pointers in DYOR that puts community trust in it.
MAGA reveals the team
On the first day of Nashville Bitcoin Conference 2024, a group picture of the MAGA team was posted on twitter by Diligent Denizen, the brand director of the MAGA project. With the caption “$MAGA has officially occupied Nashville”, they invited the community to meet them.
Source : X (Foremely Twitter)
Looking at this tweet, we wanted to know if they have updated the information on the website as well and to our surprise, they have. We are sure this tweet got the attention of the community because we saw a surge in the token price right after this.
Source : MAGA project’s official website MAGA on the Ride
As the tweet from Diligent showing the MAGA team started gaining more attention, the price of this token also recorded a surge. The price of MAGA token rose to an 18.31% following the team reveal. The MAGA token was trading at $0.0001251 before the tweet and within a few hours it reached $0.0001481. The number of holders for this token has reached 20,265.
Source : Dexscreener What to expect?
Experts believe that a crypto token with a revealed team has more chances of success for two main reasons : 1- The Community gains more confidence because now they know who is behind this project and 2- the team has a fear because now if they did anything wrong people know who they are. And in the online world, once you know somebody, you can find them anywhere. By revealing their faces, the MAGA team has cleared one thing that they have no intention of becoming a bad actor with this project. They are at the Nashville conference and Donald is also going to be there. Let’s see if the MAGA team gets support from Donald Trump, which will cause the price of this project to skyrocket. Even though this is very tempting, this is not a financial advice and this article is for educational purpose only. Take your financial decisions based on your DYOR.
