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The Super Trump price skyrocketed 200% in the last 24 hours to trade at $0.01316 as of 4.30 a.m. EST on trading volume that surged 116% to $17.7 million.
The STRUMP price pump is likely a consequence of its recent launch on Solana. It announced that on May 27 and said that within less than 24 hours STRUMP had already hit a market cap of almost $4 million on nearly $1 million in volume.
GM #STRUMPARMY
We are not even 24 hours past the #SUPERTRUMP launch on #SOLANA and already have great support around 4 million MC. Almost 1 million in volume and up 485.970%!
We have a lot of surprises coming soon!
We are the ONLY REAL #SuperTrump
(on #ETH & #SOL now) 🥳 pic.twitter.com/RKZGIqrodH— Super Trump Coin (@SuperTrumpCoin) May 27, 2024
It also added that it has many surprises coming soon, further spiking investor interest. In addition, the project also attracted investors due to Trump’s recent positive comments on crypto. During his time in the Oval Office, the former president was more of a crypto basher.
Super Trump Price Prediction
Super Trump (STRUMP) has been the top-ranking cryptocurrency in terms of price performance over the past 24 hours. While the token initially skyrocketed over May 28 and early on May 29, even approaching its ATH — it has corrected after hitting $0.02342.
Its price rapidly corrected to a support at $0.010, only to start blowing up again. This kind of behavior suggests that traders first pumped its price by buying STRUMP, only to then take profit and cause a major correction.
Now, they are buying the dip, likely in hopes of doing it again. While this pumped the project’s daily volume and price, it also signals massive volatility and great risk for inexperienced investors who might decide to join in.
This conclusion is also backed by the project’s Relative Strength Index (RSI) performance, which spent around 24 hours in the overbought zone, only to then crash several hours prior to the time of writing. After sinking to the oversold zone, it started growing again, suggesting that traders are once again buying massive amounts of the token.
Historically, such sharp surges are always followed by equally sharp corrections, as traders will inevitably take profit again at some point.
The project’s Bollinger bands are also at their widest point in the past week, further suggesting that trader interest is not only there, but that the demand is massive.
As for the token’s price, it will likely skyrocket back toward the resistance at $0.020, which rejected it last time. Whether or not STRUMP will manage to breach this barrier this time around remains to be seen.
Chances are good that the buying pressure could enable this, but the resistance has proven to be rather strong in the past, so traders should remember to stay cautious and monitor the price performance closely. In addition to that, they should use any and all tools and strategies at their disposal to limit their losses and maximize their gains.
Promising Alternatives to Super Trump
While Super Trump attracted many investors with its recent surge, there are other projects that are also on fire. One of them is Dogeverse (DOGEVERSE), the world’s first multi-chain meme coin that will close its presale in less than five days.
Dogeverse is among the most successful presales of the year after raising more than $15 million. The presale will officially end on June 3 at 10 a.m. UTC, and users can claim their purchased tokens two days later, on June 5.
Thanks to the coin’s multi-chain launch, users will be able to claim the tokens on the blockchain of their choosing, with the ability to do it on Ethereum, Base, Polygon, BNB Chain, Solana, or Avalanche.
However, while there are only a few more days left before the presale’s conclusion, it is still not too late to join even now and buy DOGEVERSE with ETH, BNB, USDT, MATIC, AVAX, SOL, BASE, or credit/debit cards.
Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
Given the demand for the token, the more than 35 billion DOGEVERSE staked, and a launch on six chains simultaneously, it wouldn’t be surprising to see a massive pump upon launch. However, investors should remember that this is not a certainty, and should instead do their own research before buying the token.
Visit the official DOGEVERSE website here.
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