MAGA Coin Price Prediction: Will It Make America Great Again?

Donald Trump themed memecoin, MAGA, just shot up by 20% after a shoutout from Elon Musk on Twitter. That's right ! MAGA is trading at $7.08, up by a crazy 20.22% in just 24 hours.

A meme coin inspired by Donald Trump and his slogan, MAGA, has seen a rapid 20% surge in value following a mention by Elon Musk on X. At the time of writing, MAGA is trading at $7.08, showing a significant increase of 20.22% over the past 24 hours.

Musk’s X Post Highlights MAGA Coin

Elon Musk, the driving force behind Tesla, recently posted a meme image on X that included the phrase “Make America Great Again.” The post was centered around the upcoming US leadership elections and Musk’s preference. Notably, despite earlier denials of supporting any candidate, Musk’s substantial donation to a Super PAC backing Trump has made his preference clear.

This move by Musk can be seen as a partial endorsement of Trump for the upcoming presidential elections. Following his post on X, showing support for Trump and wishing him a speedy recovery, even Justin Sun, the founder of Tron, joined in, expressing his view that Trump is the best for the crypto industry.

The broader crypto market also saw an uptick, with Bitcoin (BTC), Ethereum (ETH), and other coins showing a nice surge in value. MAGA’s price shot up more than 50% to $8.27 before cooling off a bit. Even now, MAGA’s value is about 16% lower than its previous high but still significantly up from where it was.

Countdown to Biden’s 72 Hours

In another turn of events, Trump’s rival, Joe Biden, may be dropping out of the race. According to Mike Novogratz, CEO of Galaxy Digital, Biden has no chance in the upcoming elections. Democratic leaders are reportedly urging Biden to step down, and Novogratz predicts it will happen in 72 hours. However, Biden is maintaining his position, stating that he will remain in the race.

MAGA Price Prediction for 2024 and Beyond

Looking ahead, if MAGA continues this momentum and breaks above its moving averages, it could hit targets between $7.12 and $17.48 by the end of 2024. The average price is expected to be around $17.19.

For 2025, the technical analysis shows MAGA price might go as low as $17.13 and as high as $20.55. The average price for 2025 might hit $19.49.

Story in a Nutshell!

Elon Musk’s endorsement has certainly given Trump’s MAGA coin a massive boost. It’s important to note that this coin is not endorsed or created by Trump; it’s the name that is the reason behind the meme coin’s massive growth.

With the upcoming elections and all the buzz around it, MAGA could be heading to new highs. So, keep your eyes on this meme coin—it might just be the next big thing in the crypto world Don’t miss out on this rollercoaster ride.

Also Read : Massive Token Unlock Alert: $208 Million Set to Flood the Marke

The above is the detailed content of MAGA Coin Price Prediction: Will It Make America Great Again?. For more information, please follow other related articles on the PHP Chinese website!