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The Crypto Emperor Trump price has soared 368% in the last 24 hours to trade at $0.001085 as of 3:15 a.m. EST on a 9% pump in trading volumes to $17 million.
This surge in the TRUMP price follows reports that President-elect Donald Trump is considering eliminating capital gains taxes on cryptocurrencies issued by US companies.
Sources say this move would make any profits from holding crypto assets like Cardano (ADA), Algorand (ALGO), Ripple (XRP), and Hedera (HBAR) completely tax-free, as these assets are created by US-based companies.
0% tax on crypto!
Donald Trump is reportedly considering a groundbreaking plan to eliminate capital gains taxes on U.S.-issued cryptocurrencies. U.S. could become the next global blockchain powerhouse competing with crypto-friendly countries like Dubai. pic.twitter.com/k0uDtxzys0
— Solcet (@NFT_M0D) November 14, 2024
Trump’s bold move could position the US to rival Dubai and other crypto-friendly nations in becoming a leading blockchain hub. By cutting capital gains taxes on US-issued cryptocurrencies, such as ADA and XRP, he could potentially transform the market.
Crypto Emperor Trump Price Explodes In A Parabolic Curve
The TRUMP/USD trading pair on a 1-hour time frame shows strong bullish momentum, indicated by a parabolic price increase. This parabolic curve highlights a rapid surge in buying pressure after an initial accumulation in the support zone. The price has moved significantly above the 50-period Simple Moving Average (SMA), which is trending upwards. The 50 SMA, shown in cyan, supports the bullish trend as the price consistently trades above it.
TRUMPUSD Analysis Source: Dextools.com
The MACD (Moving Average Convergence Divergence) further confirms this positive momentum, with the average line at 0.00003459 positioned above the signal line at $0.00002057. Additionally, the histogram value is $0.000016598, showing strong buying momentum. These MACD signals add confidence to the upward trend, indicating buyers are in control.
However, the RSI (Relative Strength Index) is at an extreme high of 98.39, which implies the asset is in an overbought zone. An overbought RSI often suggests the potential for a price correction, as this level could attract profit-taking activity among traders. Nevertheless, during strong bullish runs, RSI readings can remain high for extended periods before any significant pullback.
The price is around $0.001140, showing a 5.36% increase from the previous period. Key resistance levels could emerge as the price continues along this parabolic trajectory, potentially around 0.001200 or higher. Although the bullish indicators support further upward movement, the extreme RSI level warns that a correction may be imminent.
Crypto All-Stars Crashes Towards $4 Million – The Best Crypto To Buy Now?
As the Crypto Emperor Trump price maintains an impressive rise, investors seeking the next promising crypto opportunity are flocking to a new token called Crypto All-Stars (STARS), which is surging toward the $4 million mark in its ongoing presale.
According to 99Bitcoins, a well-known crypto YouTube channel with over 706,000 subscribers, STARS has the potential to skyrocket by 100X following its launch.
Crypto All-Stars is emerging as the go-to platform for those looking to ride the wave of the meme coin frenzy.
Through its innovative MemeVault protocol, investors can now stake 11 popular meme coins in one place, which is a first in the market. Rewards are paid out in the platform’s native token, STARS.
Initially, Crypto All-Stars will support Dogecoin, Shiba Inu, PepeCoin, Floki, Bonk, Brett, Mog Coin, Milady, Turbo, Toshi, and Coq Inu, with plans to add even more options in the coming months.
The Game-Changer: Meme Vault
The Meme Vault is a staking protocol where you can earn $STARS tokens by staking popular meme coins. 🪙
Never before has there been a way to earn rewards like this in the meme coin world!
— web3telepath (@web3telepath) August 15, 2024
In addition to staking popular meme coins, Crypto All-Stars also allows investors to stake its native STARS token, which offers a massive 441% annual percentage yield (APY).
Currently priced at $0.001568, STARS tokens can be purchased using BNB, USDT, or a bank card.
With a price increase in less than three days, buy now to secure the best deal.
Buy STARS on its official website here.
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