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The MAGA price surged 2% in the last 24 hours to trade at $3.20 as of 3.30 a.m. EST on trading volume that skyrocketed 168% to $6.09 million.
The MAGA (TRUMP) token saw increased volatility which may have been tied to Donald Trump’s interview with Elon Musk on X (formerly Twitter). While many were looking forward to listening to the discussion between X’s owner and the former US President who is now once again a presidential candidate, the event experienced some difficulties.
According to Musk, the interview had to be postponed slightly due to a Distributed Denial of Service (DDOS) attack on the platform which hit just as the interview was supposed to kick off. Musk explained in a post that the X team is working on shutting down the attack.
There appears to be a massive DDOS attack on 𝕏. Working on shutting it down.
Worst case, we will proceed with a smaller number of live listeners and post the conversation later.
— Elon Musk (@elonmusk) August 13, 2024
In the end, little harm was done, as the interview was simply postponed by 30 minutes, allowing the pair to go through with the event and discuss matters like immigration and the attempt on Trump’s life a few weeks earlier.
This is the long version. Shorter edit of highlights coming soon. https://t.co/Ksm6UqdIq6
— Elon Musk (@elonmusk) August 13, 2024
The anticipation of the event, coupled with news of the delay, and the fact that it happened anyway could have been responsible for the high volatility of the TRUMP token, which saw its price go from $3.13 to $3.71, and then back to $3.20.
MAGA Price Prediction
The MAGA price has seen strong fluctuations, but according to multiple technical indicators, the project’s volatility is not over yet. It might take some time before TRUMP’s price stabilizes.
Its Bollinger bands have seen a massive narrowing compared to the situation in the last 24 hours, which is quite a bearish signal that might suggest an upcoming price drop. Right now, the price is balancing between the two bands, but it could just as easily start pushing one of them up or down.
Meanwhile, the project’s Relative Strength Index (RSI) value has surged from the oversold zone as many moved in to buy the dip. But, after passing the neutral level at 50, it only continued rising to the value of 60 before starting to drop back down, signaling that the buying pressure was not strong enough to push the RSI back to the overbought zone.
Instead, it has been fluctuating around the neutral level, suggesting that the bulls and bears are equally matched at this time. This could mean that the price might stabilize, but the wider market’s performance will likely influence the token’s short-term future.
Promising Alternatives to MAGA
The MAGA price is currently highly volatile, and even the project’s technical indicators reflect this by showing contradicting signals, which means that the risks are high and that getting into the market now could lead to considerable losses.
Fortunately, there are other alternatives to MAGA, such as The Meme Games (MGMES) — one of the newest hits among meme coin investors. The project launched recently in honor of the 2024 Olympics but with an interesting twist.
Meme Games started organizing its own meme Olympics, where iconic meme coin personalities including Dogecoin, Dogwifhat, Turbo, Pepe, and Brett take on the role of athletes. By joining the project’s presale, investors can pick their favorite athletes and support them in the upcoming disciplines. If their selected athlete wins, investors will receive major rewards.
Having to join the presale in order to participate is the only condition, and many have already opted to do so, allowing the project’s ICO to raise over $363.4k while selling its MGMES token for only $0.0092. Anyone interested in joining the ICO can buy the token with ETH, USDT, BNB, or their credit/debit card.
Just remember that the project’s presale consists of multiple stages, and as it enters each new stage, the MGMES price increases slightly. This means that joining the ICO sooner allows you to buy the token at a lower price.
The project attracted the attention of plenty of experts, such as an analyst from the crypto YouTube channel, Cryptonews. In a recent video, the analyst was quite impressed with the project and its potential.
Purchase MGMES on its official website here.
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