Trump-Related Meme Coins See Resurgence
The Trump-related Maga Memecoin (TRUMP/USD) has experienced a resurgence, bouncing back from its September lows. This follows predictions from crypto traders who believe political meme coins will see an explosive rally in October.
Unipcs, a crypto trader, believes Maga Memecoin and other Trump-related meme coins could benefit from this rally. He cited the 3-day stochastic relative strength index for MAGA, another Trump-related meme coin, as a bullish indicator. Davie Satoshi, another crypto trader, also pointed out the promising chart structure for MAGA, suggesting a potential 3x price increase from current levels.
The total valuation of political meme coins currently stands at $652 million, according to Coingecko data. Meanwhile, Polymarket data shows Kamala Harris with a 50% chance of winning the 2024 election, compared to Donald Trump's 48%.