MAGA Price Soars 39% As Donald Trump Campaign Accepts Crypto And Analysts Says This Might Be The Next Crypto To Explode

The MAGA price jumped 33% in the last 24 hours to trade at $5.85 as of 3:30 a.m. EST on trading volume that skyrocketed 384% to $14.7 million.

The MAGA price surge came as Donald Trump said his campaign would accept cryptocurrency donations.

”Can we donate to the Trump campaign using crypto? I believe the answer is yes,” said the presidential candidate, while meeting with a group of his NFT buyers. “If you can’t, I’ll make sure you can,”

The meeting was recorded by Frank Degods, an NFT creator and influencer who published multiple clips on X.

BREAKING: DONALD TRUMP ASKED “CAN WE DONATE USING CRYPTO?”

“IF YOU CANT, I’LL MAKE SURE YOU CAN” pic.twitter.com/Nm2YjqxwSI

— Frank (33.3%) (@frankdegods) May 9, 2024

The former president then continued to say that President Joe Biden does not know what cryptocurrency is, and that those who like cryptocurrency in any form should vote for him.

BREAKING: DONALD TRUMP IS FINE WITH CRYPTO pic.twitter.com/SCJDKdHQUB

— Frank (33.3%) (@frankdegods) May 9, 2024

Regarding the future of cryptocurrencies in the country, Trump said: If crypto is moving out of the U.S. because of hostility toward crypto… “well, we’ll stop it. We don’t want that. If we’re going to embrace it, we have to let them be here.”

While this might help bring pro-crypto voters to his side, it is also worth noting that Trump was the first US president to address cryptocurrencies publicly, and to do it in a negative light during his time in the White House.

At the time, he said that he is not a fan of Bitcoin and other cryptos, which are not money and whose value is volatile and “based on thin air.”

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….

— Donald J. Trump (@realDonaldTrump) July 12, 2019

This sentiment continued after his presidency, as he called Bitcoin a “scam against the dollar,” according to reports from 2021. While it is possible that the former president learned more about cryptocurrencies and changed his stance over the years, some analysts believe this is just a stunt to get more support for the upcoming elections.

MAGA Price Prediction

MAGA (TRUMP) price saw a massive boost following the former president’s decision to start accepting crypto. The token has been fluctuating over the past few weeks, following the broader market sentiment and the lead of dominant cryptos such as Bitcoin.

However, Trump’s statement made its value go sky-high, and right now, many are questioning where it will go from here.

According to several technical indicators, the price is likely to correct, and this can already be seen as of the time of writing, as the market has already brought it back down a fair amount.

But, the signals are mixed, and as the word continues to spread, it is possible that new investors and traders could bring the TRUMP price back up. The token’s Bollinger bands are quite wide, which remains a bullish signal.

On the other hand, its Relative Strength Index (RSI) value skyrocketed to 90 – deeply into the overbought territory, only to come crashing down back to the value of 61. While still quite high, it could be that the interest and hype surrounding the recent statement could push the price and RSI value back up.

The token seemingly found a strong support at $6 and even remained above $6.1. However, there is a strong resistance at $7, which keeps the token from progressing, and it even rejected its price earlier, as the pump pushed the TRUMP price up to that point.

Promising Alternative to MAGA

MAGA may have seen a massive price boost thanks to Trump’s recent announcement, but some traders believe it is too late to buy the token now. Instead, they are turning to crypto presales such as Mega Dice (DICE), which sell at fixed prices and have the potential to explode on launch.

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It’s providing plenty of incentives for investors, including daily rewards, limited-edition NFTs, bonuses for early investors, a highly rewarding referral program, and an airdrop split into three events that will distribute a total of $2.25 million.

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