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While Donald Trump remains in the spotlight, the world of meme coins is buzzing with activity. A brand new Trump-themed coin (MAGA) has skyrocketed in value, surging an astounding 43%.
This happens as Trump submits himself voluntarily to the authority as the State of Georgia’s legal case against him unfolds.
To secure his release, Trump agreed to post a bond of $200,000 and promised not to stir up trouble on social media until his trial is over.
However, in the days following these events, the Trump campaign has managed to rake in an impressive $9.4 million by selling various items, including t-shirts featuring his infamous mugshot.
This frenzy around the whole mug shot helped to propel the $TRUMP token’s market cap from $250,000 to over $4.69 million. Meanwhile, there has yet to be any information stating that Donald Trump is involved in $ TRUMP’s development or promotion.
MAGA Price Actions – Trump Faces Resistance at $0.11
Despite the frenzied media circus, MAGA (Trump) has shown consistent positive strength, leaving the token trading at a market price of $0.10 on September 4, 2023. This represents a 24-hour price increase of over 47.7%, according to CoinGecko.
On September 03, the coin recorded a massive price decline to $0.084 from its all-time high of $0.11. However, Trump undertook an explosive recovery rally in the early hours of today, causing a rebound.
Unfortunately, a strong resistance zone at $0.11 hinders MAGA from continuing its upward movement. But if the token breaks above this level, it might hint at a potential long-term bullish run in the asset, attracting more potential prospects to the coin.
Considering the previous price move where the coin experienced a similar situation on August 29, the Trump token might breach this hurdle. With a price increase of over 47.7% in the past 24 hours, Trump is outperforming other contenders within the Ethereum ecosystem, which are down today.
Trump Token Makes Top Trending Coins On Dextools
According to Dextools ranking, MAGA has made the list of top trending coins in their platform today, September 04, showing its increasing popularity.
This means many people are trading and investing in MAGA, generating a buzz in the crypto world. The high level of interest can lead to increased trading volumes, which are already over 140% in the past 24 hours.
Also, if the coin stays on this list, it will capture investors’ interest, potentially increasing the demand for MAGA. Even so, while topping Dextools’ top trending coin list suggests increased attention, it doesn’t guarantee long-term success or stability.
MAGA Alternative – Sonik Coin Joins the $1 Million Gang, Last Chance to Buy Before Presale Closes
Sonik Coin is becoming a meme coin of choice among investors and is expected to be the next prominent cryptocurrency to grow rapidly in value.
Sonik is based on the famous character “Sonic the Hedgehog” and looks like a promising investment, especially for those who get in early at low prices.
The coin is currently in its presale phase, aiming to raise over $2 million. Sonik Coin is set to launch on Uniswap exchanges later this month. Considering its presale success, SONIK could follow the meme coin explosive trend and potentially increase in value.
Zoooommmmmmmm 🔥🚀🚀🚀
Only 1 day left until the $SONIK presale ends!!!!Hurry and secure your bag NOW! 🤑⤵️https://t.co/s1fTdXDQCK#Presale #1000x #MemeCoin #AltGem #Crypto pic.twitter.com/JZPqiu7yar
— SONIK COIN (@Sonikcoin) September 4, 2023
Sonik has crossed the $1 million milestone in the presale in a shocking development in less than three weeks. According to the site, the presale will elapse in less than 48 hours, giving investors a limited timeframe and last chance to purchase the tokens.
Sonik’s Stake-to-Earn Utility Might Draw In More Prospects
According to the project’s staking dashboard, over 33 billion tokens have been deposited into the pool, offering a current reward of 9,125 SONIK tokens for each simulated block. This translates to stakers earning an estimated annual percentage yield (APY) of 58%.
Sonik has a four-year locking period designed to ensure the long-term stability and health of the project. Many meme coins experience rapid surges in popularity followed by quick declines, leading to obscurity.
However, Sonik aims to avoid this fate by implementing a staking pool and rewarding system, which should help it remain relevant and sustainable for years.
Those participating in the presale can immediately lock their tokens in the staking pool to earn the APY. However, these tokens have a minimum lock-in period of seven days.
The Next 100x Potential, Crypto Analysts Predict
Many experts in the crypto world have said that this token could grow by 10 to 100 times its current value.
Even a famous YouTube crypto analyst, Michael Wrubel, with over 300,000 followers, called it his “”ext big meme crypto, “believing it could make him a million dollars. CryptoGains, which has 107,000 followers, predicts that Sonik Coin could increase by 20 times when it launches.
Notably, the team behind this project has remained anonymous, like many meme coin projects, but has proven its legitimacy by providing results from notable Auditors.
Interested buyers should visit the project website and swap ETH or USDT for SONIK coins.
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