Memecoins
Memecoins Soar as Trump Backs Cryptocurrencies, TRUMP Coin Leads with 83% Rise
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Following Donald Trump’s endorsement of cryptocurrencies for his potential next term, TRUMP meme coin surges 83%, while other meme coins such as Sealana and WienerAI also show promising gains.
TRUMP, a meme coin that pays homage to former US President Donald Trump, skyrocketed today. The move comes amid a broader memecoin rally, and newly launched projects Sealana and WienerAI are also gaining traction.
Donald Trump Supports Cryptocurrencies, TRUMP Coin Price Rises
The former US president says he will embrace cryptocurrencies during his next presidential term. “Cryptocurrencies are leaving the United States due to hostility towards them. I do not want it. If we want to welcome it, we will have to leave them here,” he said She said at a recent event.
As a result, the price of TRUMP increased by 83% this week, becoming the second best-performing cryptocurrency. However, the best-performing currency is another Trump-themed cryptocurrency, albeit with a significantly smaller market capitalization.
Currently, TRUMP trades at $8.39, up 18% today, 83% this week, and 74% this month. It has a market capitalization of $369 million and a 24-hour trading volume of $20 million, up 67%.
Indeed, the token’s affiliation with Donald Trump creates a polarizing narrative, with international market participants now able to show support via the token.
Project account X has been leaning towards this lately said that Trump’s ongoing presidential campaign rallies will be “bigger, better and louder than ever.”
Meanwhile, analysts allude to TRUMP’s political affiliation and expect him to be bullish on his price. For example, trippaflipp.eth points out the “meta” of Donald Trump’s project and also shows his recent strength in price action, predicting an upcoming pump that “will be monumental.”
Meanwhile, TheEuroSniper also hints at the token’s political fixation, said, “Vote TRUMP for Gains.” The analyst also cites its price chart and points out that it has recently started making higher highs and lower lows following a pullback. This indicates that the next step may be on the horizon.
TRUMP has been taking center stage on the meme coin circuit this week, but other projects are also vying for memetic stardom. With that in mind, let’s take a look at other contenders that could perform well.
Sealana
Solana presales have been one of the most profitable memecoin narratives in recent months, and Sealana it is the last interpretation. Having raised over $700,000 so far, this foul-mouthed South Park-inspired seal is hitting the cusp of memecoin degeneracy.
Though Sealana was once an aquatic mammal, she traded that life to chase memecoin riches and now resides in her mother’s basement, munching on canned tuna and chips while grinding DEXScreener for 18-19 hours a day.
The hilarious backstory perfectly encapsulates the rags-to-riches ideals of the degenerate memecoin culture, making Sealana one of the crypto industry’s hottest prospects. Sealana also recently launched on Ethereum, presenting even greater potential for on-chain liquidity and community growth.
The best analysts are bullish on the project, with some saying it has 10x potential. The Sealana presale remains ongoing, but with no pre-determined upper limit, interested traders must act quickly or risk missing out.
To find out more about this project, visit the Sealana presale.
Wiener AI
Another project that shows immense potential is Wiener AI, an AI-meme coin cross that is exploding in its pre-sale. Having raised $1.7 million so far, there is no doubt that the smart money is moving in and securing its share of the token.
However, WienerAI’s playful facade is also attracting the masses. But beneath the veneer of this memecoin lies a cutting-edge set of AI algorithms that provide predictive, instant, beginner-friendly, and MEV-resistant trade execution.
As such, WienerAI is positioned at the intersection of the two major cryptocurrency trends, and this is reflected in its immense early success. In addition to the impressive total increase, leading analysts are supportive of the new project. For example, Michael Wrubel nicknamed it is the “best AI meme coin for 2024”.
Currently, investors can purchase the WienerAI presale for $0.000706, but this price will increase incrementally throughout the campaign, with the next increase in two hours.
To find out more about the project, visit the WienerAI presale.
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