Donald Trump-Related Meme Coins Soar as His Inauguration Approaches

TL;DR

Meme coins like MAGA (TRUMP) and TRUMPCOIN have seen significant growth, with TRUMPCOIN up 215% in 24 hours and 560% this week.
Trump tokens outpaced traditional meme coins; DOGE rose 2%, while SHIB gained 3% in the past 24 hours.

These Tokens Head North

Donald Trump notched a remarkable victory in the US presidential elections in November last year, sweeping all seven key swing states and winning the popular vote against his main opponent, Kamala Harris.

Trump’s inauguration is set for January 20, after which he will officially become America’s 47th President. His stepping into office seems to have already caused substantial price fluctuations in some cryptocurrencies, particularly meme coins related to him.

The biggest of that type (in terms of market capitalization) – MAGA (TRUMP) – is up 20% daily scale, currently trading at around $3.15 (per CoinGecko’s data).

Super Trump (STRUMP), Super President Trump 47 (TRUMP 47), Moon Trump (TRUMP), Trumpie (TRUMPIE), and many more have also charted double-digit gains.

However, the one outshining all Trump-themed memes is the lesser-known MAGA: Fight for Trump (TRUMPCOIN). Its price has exploded by 215% in the past 24 hours and a whopping 560% in the last week.

How Are the Leaders Doing?

Trump-themed tokens have significantly outpaced some leading meme coins in the past 24 hours. The largest in terms of market capitalization – Dogecoin (DOGE) – is up 2% daily and is currently worth approximately $0.39.

Meanwhile, some industry participants believe it could soon experience a major rally considering Elon Musk’s involvement in politics. Tesla’s CEO is set to spearhead a newly established division called the Department of Government Efficiency (D.O.G.E.).

The agency will aim to reduce bureaucracy, cut unnecessary regulations, and eliminate wasteful spending within the US government. Its name and the fact that Musk is one of the most vocal proponents of the meme coin, though, have infused enthusiasm among DOGE bulls.

Dogecoin’s biggest rival, Shiba Inu (SHIB), has risen by 3%, while Pepe (PEPE) has registered little-to-no volatility in the last day.

Those witnessing some retreats in the past 24 hours include Bonk Inu (BONK), dogwifhat (WIF), Fartcoin (FARTCOIN), Peanut the Squirrel (PNUT), and others.

Conclusion

The Trump-themed tokens have seen a significant rise in the market, with TRUMPCOIN being the standout performer. The rise in popularity is likely due to the upcoming inauguration of Donald Trump as the 47th President of the United States. However, it is essential to note that the market is highly volatile, and any news or event can cause a significant fluctuation in prices.

FAQs

Q: What is TRUMPCOIN, and why is it gaining popularity?

A: TRUMPCOIN is a meme coin that has seen a significant rise in popularity, with its price increasing by 215% in the past 24 hours and 560% in the last week. The reason behind its popularity is the upcoming inauguration of Donald Trump as the 47th President of the United States.

Q: What is the Department of Government Efficiency (D.O.G.E.), and how will it impact DOGE?

A: The Department of Government Efficiency (D.O.G.E.) is a newly established division led by Elon Musk, which aims to reduce bureaucracy, cut unnecessary regulations, and eliminate wasteful spending within the US government. This development has infused enthusiasm among DOGE bulls, who believe it could lead to a significant rally in the coin’s price.

Q: Which meme coins have seen a significant rise in the past 24 hours?

A: TRUMPCOIN, MAGA (TRUMP), and DOGE have seen a significant rise in the past 24 hours, with TRUMPCOIN being the standout performer, increasing by 215% in the past 24 hours and 560% in the last week.