After former President Donald Trump’s appearance at the Libertarian National Convention, the meme coin associated with his name, maga (TRUMP), has surged by more than 30% in the past day.Current statistics show that the meme coin TRUMP is the best-performing cryptocurrency in the last 12 months, with an impressive increase of 98,352.40%.
TRUMP Meme Coin Skyrockets After Libertarian National Convention Speech
Meme coins have been popular this year, and the digital currency named after Donald Trump has seen significant gains over the past year. On May 26, following Trump’s speech at the Libertarian National Convention, the meme coin maga (TRUMP) surged by 31.7% against the U.S. dollar in the last 24 hours. In the past two weeks, TRUMP has increased by 80.5%, and over the last month, it has risen by 113.2%.
Furthermore, over the past 12 months, TRUMP has achieved a remarkable 98,352.40% gain against the dollar. The TRUMP token reached an all-time high (ATH) on May 26, reaching $11.81 per coin. Since then, it has decreased by 0.8% from the ATH. Trump holds 579,290 TRUMP tokens worth $6.69 million, and the tokens airdropped to the former President’s wallet increased by $1.6 million in the past day.
It will be interesting to observe the performance of these presidential coins over time and leading up to the election. While the TRUMP token has increased by more than 30%, the geo (BODEN) token, named after President Joe Biden, has decreased by 4.5% today. Another meme coin associated with Trump’s campaign branding, the maga hat (MAGA), surged by 80% over the past day.
FAQs
What are meme coins?
Meme coins are a form of cryptocurrency that often originates as a joke or is inspired by popular internet memes. Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, which aim to solve specific technological problems, meme coins commonly derive their value from their popularity and community engagement. Examples include Dogecoin (DOGE) and Shiba Inu (SHIB).
Are meme coins a stable investment?
Meme coins are generally considered highly volatile and theoretical investments. The value of these investments can change quickly based on market sentiment and external events. Investors should be careful and only invest money they can afford to lose.
Can meme coins have any real-world applications?
While many meme coins start without serious use cases, some have developed practical applications over time. For example, Dogecoin has been used for tipping content creators online, and some businesses take it as a form of payment.
What is the TRUMP meme coin?
The TRUMP meme coin is a cryptocurrency named after former President Donald Trump. It belongs to the meme coin category, which often gains value from popularity and community support instead of intrinsic technological advancements.
Where can I buy TRUMP meme coins?
TRUMP meme coins can be bought on various cryptocurrency exchanges. Interested investors need to create an account on these platforms, complete any required verification processes, and then they can buy TRUMP coins using fiat currency or other cryptocurrencies.
What are some other popular meme coins?
Additional to the TRUMP coin, other popular meme coins include Dogecoin (DOGE), Shiba Inu (SHIB), SafeMoon (SAFEMOON), and Dogelon Mars (ELON).
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