MAGA prices have risen 33% in the past 24 hours to trade at $5.85, while trading volume has surged 384% to $14.7 million.
The surge in MAGA’s price comes as Donald Trump said his campaign would accept cryptocurrency donations.
“Can we use cryptocurrency to donate to the Trump campaign? I believe the answer is yes,” the presidential candidate said during a meeting with his team of NFT buyers. “If you can’t, I will make sure you can.”
The meeting was recorded by NFT creator and influencer Frank Degods, who published multiple video clips on X.
The former president then went on to say that President Joe Biden has no idea what cryptocurrency is and that people who like cryptocurrency in any form should vote for him.
Regarding the future development of cryptocurrencies in the country, Trump said: “If cryptocurrency leaves the United States because of hostility toward cryptocurrency… “Well, we’ll stop it. We don’t want that. If we’re going to accept it, we’ve got to let it stay here.”
While this may help attract voters who support cryptocurrency, it is worth noting that Trump is the first US president to discuss cryptocurrency publicly and in a negative manner during his term.
At the time, he said he disliked Bitcoin and other cryptocurrencies, saying they were not money, their value fluctuated wildly and were "based on nothingness."
He continued to hold this view after his presidency ended, and according to reports in 2021, he called Bitcoin a "scam against the dollar." While the former president may have learned more about cryptocurrencies over the years and changed his stance, some analysts believe that this is just a stunt to gain more support in the upcoming election.
MAGA Price Prediction
MAGA (TRUMP) has seen a massive surge in price following the former president’s decision to start accepting cryptocurrencies. The token’s price has been fluctuating over the past few weeks, following the overall market sentiment and trends of leading cryptocurrencies like Bitcoin.
However, Trump's comments have caused its value to soar, and many are now questioning its future direction.
According to several technical indicators, the price could be due for a correction and it can already be seen from the time of writing that the market has already pulled it back quite a bit.
However, the signals are mixed, and as the news continues to spread, new investors and traders could push TRUMP prices back up. The coin’s Bollinger Bands are fairly wide, which is a bullish sign.
On the other hand, its Relative Strength Index (RSI) value spiked to 90, entering the overbought zone, before quickly falling back to a value of 61. While still quite high, it is likely that the interest and hype surrounding the recent announcement has driven both the price and RSI value back up.
The coin seemed to have found strong support around $6 and even held above $6.1. However, there was strong resistance at $7 that prevented the coin from rising further and even rejected it at this price as the hype pushed the TRUMP price to this point.
A promising alternative to MAGA
MAGA has experienced a huge price boost due to Trump’s recent announcement, but some traders believe it is too late to buy the token. Instead, they are turning to cryptocurrency presales, such as Mega Dice (DICE), which are sold at a fixed price and have the potential to break out at launch.
DICE is a cryptocurrency created by Mega Dice Casino, a cryptocurrency gambling platform that allows users to place bets using digital assets. Launched last year, Mega Dice is a well-trusted and well-liked cryptocurrency gambling site. Now, the casino is launching its own token.
Its presale has raised over $856,000 so far, with each token selling for just $0.069. The ICO is about to surpass $1 million, which is a big moment for the project.
It offers a number of incentives for investors, including daily rewards, limited edition NFTs, early investor bonuses, a high-reward referral program, and an airdrop divided into three events, distributing a total of $2.25 million.
Anyone interested in purchasing the token can do so using SOL, BNB, or ETH.
Visit Mega Dice’s official website and purchase DICE tokens here.
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