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The MAGA value surged 2% within the final 24 hours to commerce at $3.20 as of three.30 a.m. EST on buying and selling quantity that skyrocketed 168% to $6.09 million.
The MAGA (TRUMP) token noticed elevated volatility which can have been tied to Donald Trump’s interview with Elon Musk on X (previously Twitter). Whereas many have been trying ahead to listening to the dialogue between X’s proprietor and the previous US President who’s now as soon as once more a presidential candidate, the occasion skilled some difficulties.
In response to Musk, it needed to be postponed barely resulting from a Distributed Denial of Service (DDOS) assault on the platform which hit simply because the interview was presupposed to kick off. Musk defined in a put up that the X workforce is engaged on shutting down the assault.
There seems to be an enormous DDOS assault on 𝕏. Engaged on shutting it down.
Worst case, we’ll proceed with a smaller variety of dwell listeners and put up the dialog later.
— Elon Musk (@elonmusk) August 13, 2024
Ultimately, little hurt was achieved, because the interview was merely postponed by half-hour, permitting the pair to undergo with the occasion and talk about issues like immigration and the try on Trump’s life a number of weeks earlier.
That is the lengthy model. Shorter edit of highlights coming quickly. https://t.co/Ksm6UqdIq6
— Elon Musk (@elonmusk) August 13, 2024
The anticipation of the occasion, coupled with information of the delay, and the truth that it occurred anyway may have been accountable for the excessive volatility of the TRUMP token, which noticed its value go from $3.13 to $3.71, and again to $3.20 once more.
MAGA Value Prediction
The MAGA value has seen robust fluctuations, however in line with a number of technical indicators, the challenge’s volatility isn’t over but. It’d take a while earlier than TRUMP’s value stabilizes.
Its Bollinger bands have seen an enormous narrowing in comparison with the state of affairs within the final 24 hours, which is kind of a bearish sign which may recommend the upcoming value drop. Proper now, the value is balancing between the 2 bands, nevertheless it may simply as simply begin pushing one in all them up or down.
In the meantime, the challenge’s Relative Energy Index (RSI) worth has surged from the oversold zone as many moved in to purchase the dip. However, after passing the impartial stage at 50, it solely continued rising to the worth of 60 earlier than beginning to drop again down, signaling that the shopping for strain isn’t robust sufficient to push the RSI again to the overbought zone.
As an alternative, it has been fluctuating across the impartial stage, suggesting that the bulls and bears are equally matched presently. This might imply that the value would possibly stabilize, however the wider market’s efficiency will doubtless affect the token’s short-term future.
Promising Alternate options to MAGA
The MAGA value is at the moment extremely unstable, and even the challenge’s technical indicators mirror this by suggesting various things, which signifies that the dangers are excessive and that entering into the market now may result in appreciable losses.
Thankfully, there are different alternate options to MAGA, akin to The Meme Video games (MGMES) — one of many latest hits among the many meme coin presales. The challenge launched just lately in honor of the 2024 Olympics however with an fascinating twist.
It began organizing its personal meme Olympics, the place iconic meme coin personalities took on the function of athletes, together with Dogecoin, dogwifhat, Turbo, Pepe, and Brett. By becoming a member of the challenge’s presale, buyers can choose their favourite athletes and help them within the upcoming disciplines. Then, if their athlete of selection wins, they obtain main rewards.
Having to hitch the presale with a view to take part is the one situation, and plenty of have already opted to take action, permitting the challenge’s ICO to boost over $363.4k whereas promoting its MGMES token for under $0.0092 as of the time of writing. Anybody excited by becoming a member of the ICO can purchase the token with ETH, USDT, BNB, or their credit score/debit card.
Simply keep in mind that the challenge’s presale consists of a number of levels, and because it enters every new stage, the MGMES value will increase barely, which means that becoming a member of the ICO sooner permits you to purchase the token at a lower cost.
The challenge attracted the eye of loads of specialists, such because the crypto YouTuber generally known as Cryptonews, who was fairly impressed with the challenge and its potential.
Go to MGMES official web site.
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