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The MAGA price skyrocketed 702% in the last month and almost 40% over the past day to trade for $11.2031 as of 3:45 a.m. EST time.
Trading volume is up 60% as TRUMP enjoys the flurry of capital that continues to flow into meme coins. Besides the ongoing meme coin frenzy, another narrative that continues to steer the MAGA price is the US elections, which are due in November.
Memecoins are pumping hard right now:#NOCHILL +2,400% in 30 days$MOG +1600% in 30 days$POPCAT +1060% in 30 days#SMURFCAT +700% in 30 days$MAGA +639% in 30 days$WIF +607% in 30 days$PEPE +500% in 30 days
I've already made over $100k on memecoins in a month, and memecoin… pic.twitter.com/LlyCvkUvsm
— 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) March 3, 2024
MAGA Price Outlook As Meme Coins Explode
The MAGA price is attempting to reclaim the Sunday peak of $12.8513, and by the looks of it, this is doable considering the market strongly leans in favor of the upside. To start with, the Relative Strength Index is northbound, suggesting rising momentum, with bulls maintaining a strong presence in the TRUMP market.
The presence of the bulls is signified with the large volumes of histogram bars of the Awesome Oscillator (AO) indicator. The Moving Average Convergence Divergence (MACD) indicator reflects the same outlook, with its histogram bars also growing with the green shade. The position of the MACD above its signal line (orange band) accentuates the bullish supposition, showing a strengthening bullish cycle.
If the bullish momentum strengthens, the MAGA price could extrapolate the gains to fill the peak of the market range at $12.8513. In a highly bullish case, the gains could extend further north for the TRUMP price to hit the $14.0000 psychological level. Such a move would constitute a 25% climb above current levels.
TradingView: TRUMP/USDT 1-day chart
On the flip side, if traders start to cash in on the gains made so far, the MAGA price could descend, wiping off all the gains made over the last three days. This could see the altcoin’s market value fall below the 50% Fibonacci retracement level of $6.5243.
In a dire case, the MAGA price could descend below the equal lows of $5.3168, a move that would invalidate the bullish thesis.
Nevertheless, as the MAGA price is at high risk of a correction, savvy investors might consider MK, a meme coin that analysts rank among the best meme coins to invest in with potential for exponential gains.
Promising Alternative To MAGA
MK, a GameFi meme coin due to launch imminently on multiple exchanges, is the powering token for the Meme Kombat ecosystem. This is a crypto gaming platform offering community members a chance to bet on battles featuring popular meme characters such as Dogecoin (DOGE), Pepe (PEPE), and Wojak (WOJAK).
⚔️ Meme Kombat Friendly ⚔️
The match ups are as follows:
Sponge 🆚 Wojak
Pepe 🆚 FlokiPepe 2.0 🆚 Mong
Milady 🆚 DogeVote for your winners in the polls below👇 Winners make it through to the semi-finals🏆 pic.twitter.com/X8jbf6Xlre
— Meme Kombat (@Meme_Kombat) February 6, 2024
The platform follows a Play-to-Earn (P2E) model through its battle arena, rewarding users who choose winning meme fighters with additional $MK tokens. Community members get the chance to battle out in the arena, represented by meme characters of their choice.
There are also larger, more hyped battles beyond the regular battles, where gamers can participate with the potential to win large prizes.
We have the winner of the Meme Kombat Friendly⚔️
SPONGE
Congrats to the whole Sponge community🧽 https://t.co/u0jfxofrP8
— Meme Kombat (@Meme_Kombat) February 9, 2024
Participants also get the chance to enjoy a myriad of convenient features, including but not limited to active betting and passive staking.
Life is so much better when all of us are doing well! pic.twitter.com/HgRixSnYpx
— Meme Kombat (@Meme_Kombat) February 11, 2024
With only one day left until listing, now is the last chance to buy MK tokens at the lowest price.
Investors can buy MK for $0.279 on the official website. When you stake your $MK tokens you can earn a generous APY just for holding. Currently, the annual percentage returns are as high as 89%, with 13,587 stakers in the line and over 44 million MK tokens staked.
Also Read:
- Top 5 Cryptocurrencies With Most Potential For 100x Returns
- How To Buy Meme Kombat On Presale – Alessandro De Crypto Video Review
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- New Play-to-Earn Meme Coin Aiming to Become the Next GambleFi Gem
- Austin Hilton Provides Updates on Biggest Meme Token Project Presale Centered Around AI-Generated Battles
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