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The MAGA price is up 21% in the past 24 hours to trade for $12.41 as of 06:15 a.m. EST on trading volume that soared nearly 70%.
It comes as hype around the November elections in the US continues with aspirant and former President Donald Trump pedaling his pro-crypto crusade. In the latest, Trump has committed to establishing the future of crypto in America.
BREAKING: 🇺🇸 Donald Trump says "I will ensure that the future of crypto and #Bitcoin will be made in the USA"
"I will support the right to self custody to the nations 50 million crypto holders" pic.twitter.com/OSfUL91McJ
— Bitcoin Magazine (@BitcoinMagazine) May 26, 2024
In what appears to be a push toward getting the crypto vote, the presidential aspirant cast a vision for 2024 and beyond at the Libertarian National Convention.
TRUMP IS POSTING ABOUT CRYPTO!!! pic.twitter.com/zFoGHnEHsK
— borovik (@3orovik) May 25, 2024
Amid the bullish assertion, market watchers anticipate more gains for the MAGA price, despite the TRUMP token not featuring among the crypto top 100.
Specifically, one @Crypto_McKenna says election mania in the US coupled with pro-crypto policies could send the MAGA price to the crypto top 50.
$TRUMP isn't even in the top 100 yet and I do think peak election mania combined w/ pro-crypto policies that top 50 is a real possibility.
This is the global attention sink for the next 6 months. pic.twitter.com/lxsQXKLvsS
— McKenna (@Crypto_McKenna) May 26, 2024
Demolishing Central Bank Digital Currency (CBDC) at the Libertarian National Convention, Trump said, “To the nation‘s 50 million crypto holders, I say this, with your vote I will keep Elizabeth Warren and her goons away from your Bitcoin.”
As Trump makes public his bold transition from skeptic to believer, the MAGA price could realize more gains ahead of the elections.
MAGA Price Prediction As TRUMP Rallies On Pro-Crypto Crusade
The MAGA price exploded on Monday, topping out at $17.01 before a retraction to $12.41. The TRUMP token remains bullish, as it holds above the upper boundary of the ascending parallel channel. Buyer momentum could increase enough for the MAGA price to shatter the trendline of the Fibonacci retracement indicator.
Flipping the aforementioned barricade into a support level would encourage more buy orders. This could send the MAGA price to reclaim its peak of $17.01.
Notably, the Relative Strength Index (RSI) continues to climb, suggesting rising buying momentum. The Moving Average Convergence Divergence (MACD) is also above the signal line. Its histogram bars are also flashing green, signifying a strong bullish momentum in the TRUMP market.
GeckoTerminal: TRUMP/USD 1-day chart
On the other hand, if profit booking intensifies, the MAGA price could drop. Key retracement levels to watch include the 38.2%, 50%, and 61.8% Fibonacci retracement levels of $11.54, $9.85, and $8.16. Falling through these thresholds, which mark the Fibonacci Golden Zone, would invalidate the bullish thesis.
In a dire case, the dump could extend a leg lower to the 78.6% Fibonacci retracement level of $5.75.
Meanwhile, as US politics catches steam and the MAGA price enjoys association with Donald Trump, traders are flocking to 5SCAPE. It is the ticker for the world’s first AR/VR ICO, currently charging past $6 million. The project checks all the boxes for everything analysts look for in a presale.
Promising Alternative To MAGA
5SCAPE is the powering token for the 5th Scape VR ecosystem, a project that allows the Web3 sector to step into tomorrow. To do this, it unleashes the next wave of gaming innovation in the VR sector. Citing an excerpt from the website, “5th Scape is the industry’s first AR and VR ecosystem designed to connect the smartest minds.”
With 5SCAPE, step into a world where the only limit is your imagination. Here’s what awaits you:
Lifetime Free Access 🎁: Say goodbye to subscriptions! Enjoy a never-ending library of curated VR content that evolves with your tastes.
Exclusive In-Game Advantages 🔒: With… pic.twitter.com/AiPTd6NWer
— 5th Scape (@5th_scape) May 9, 2024
The platform intends to become the architect of alternative realities by creating an integrated system complete with hardware and software. It also has a developer center to give builders access to the right resources to bring their worlds to life and unleash a new wave of gaming innovation.
VR is the future. Learn how the University of National Horizons Centre is Leveraging VR & MR.#VR pic.twitter.com/PKBVqVYUwf
— 5th Scape (@5th_scape) March 20, 2024
5th Scape wants to put Web3 at the forefront of the latest VR wave by creating visually immersive worlds with powerful VR headsets to bring games to life. The project is building an entire VR ecosystem that includes hardware and software to push the boundaries of gaming innovation in the Web3 sector. The idea is to use the integrated system to create an immersive and unforgettable adventure with a highly-tuned user experience.
🌐✨ Embark on a groundbreaking journey with 5th Scape! 🚀 We're not just crafting games; we're forging immersive realities. As VR ecosystem developers, we aim to redefine the gaming landscape. 🎮✨ 🌌🕶️ #5thScape #VRInnovation #ImmersiveGaming #TechRevolution 🚀🎮 pic.twitter.com/khmgW84Kti
— 5th Scape (@5th_scape) December 28, 2023
With this in mind, investors continue flocking to the 5th Scape presale. This has pushed the fundraising beyond the $6.3 million level this week, with prospects to hit the $7. 5 million target objective.
We’ve reached $6.0M 🚀, VR is a Revolution and We $5Scape as a Community are the Trendsetters 🎉
Thanks to YOU, our awesome community! 🙌 💖
Get ready for next-level gaming adventures and VR Innovations as we embark on this exciting journey together! Let's make magic happen… pic.twitter.com/RvUmUyU8ws
— 5th Scape (@5th_scape) May 21, 2024
You can become an early adopter in this budding ecosystem with the presale still active by buying the 5SCAPE token for $0.00248 in the current stage.
Also Read:
- Step into Tomorrow: 5th Scape’s VR Ecosystem Set to Unleash Gaming Innovation
- The VR Industry Is All Set To Receive A Massive Boost Thanks to 5th Scape (5SCAPE)
- 5th Scape Brings A Hyper-Realistic World of Virtual Reality to Web3
- 5th Scape Unlocks Unmatched VR Adventures With Token Presale – Why Investors Shouldn’t Miss the Opportunity
- If You Believe In The Future Of AR/VR, 5th Scape (5SCAPE) Is The Best Project To Invest In
- Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts
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