As a seasoned crypto investor with a keen interest in global events and their impact on the market, I’ve seen my fair share of controversies and sudden price fluctuations. The latest development surrounding the former US President and his survival of an assassination attempt is yet another example of how the cryptocurrency space can be influenced by real-world events.
TL;DR
Tokens connected to the ex-US President, who miraculously survived an assassination attempt hours prior, have experienced significant growth of over ten percent in value within the cryptocurrency market.
Newer sources indicate that he has been discharged from a local hospital and is now back in New Jersey.
The world of cryptocurrencies can be quite contentious at times, with a seemingly endless supply of new tokens being introduced in response to global happenings.
The ongoing power struggle between Republican nominee and ex-President Donald Trump and the presently serving 46th President of the United States, Joe Biden, has given rise to various cryptographic tokens. The worth of these digital assets is frequently influenced by significant occurrences pertaining to either candidate.
Earlier reports by CryptoPotato highlighted significant price swings for larger cryptocurrencies after the shooting incident, resulting in notable increases for Bitcoin, Solana, among others.
Instead of “However, the tokens related to Trump have seen even more significant increases,” you could say:
As a researcher studying the cryptocurrency market, I’ve noticed an intriguing development with MAGA (TRUMP) token. After the news broke, there was a significant surge in its value, with over 30% increase. Although it has dipped slightly since then, the token is currently up by approximately 26%. The market capitalization of MAGA has skyrocketed to an impressive $370 million, making it the 167th largest crypto asset as of now.
In simple terms, a new cryptocurrency named TRUMP2024 (Donald Trump coin), launched primarily for the presidential race, experienced a significant surge of 40% over a short period. Meanwhile, Donald (DONALD), another similar digital currency, has also seen impressive growth, increasing by approximately 35% every day. Developers are capitalizing on the current trend with these coins, and so far, their efforts have proven successful.
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2024-07-14 10:24