Trump's Attendance at Bitcoin Conference 2024 Memcoin Prices Soar
Date: 2024-07-12 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Donald Trump has emerged as an important and influential indicator for the digital asset market. The recent announcement of his participation in the Bitcoin 2024 conference caused a significant increase in the value of two memecoins associated with politics: TrumpCoin (DJT) and Satoshi Trump (MBGA).
TrumpCoin (DJT) Surge
Following news of Trump's speech at the conference, the price of the TrumpCoin (DJT) token skyrocketed by almost 50,000,000%, reaching a market capitalization of $143.1 million. This rapid rise led to a wave of online rumors that DJT may have a direct connection to ex-President of the United States and even be his official cryptocurrency. However, there was no confirmation of this information from Trump himself or representatives of his team.
Growth and Correction of Satoshi Trump (MBGA)
Another memecoin, Satoshi Trump (MBGA), also experienced significant growth. Its price rose more than 7,900%, with a market capitalization of $2.8 million. Despite the subsequent price correction, this surge brought attention to political memecoins and their impact on the market.
Political memecoins have become one of the trends in the meme token sector, with both meteoric rises and precipitous declines. In general, the memcoin market has been showing a steady bullish trend over the past six months, allowing its holders to make decent profits.
I wonder how much memcoins will grow after Donald Trump's speech at the Bitcoin 2024 conference? They may be in for a rally like never before since their inception. Experts and investors are eagerly anticipating that Trump's participation could give new impetus to the development and popularity of these digital assets.
