A meme coin referred to as MAGA TRUMP/USD saw a 20% rise in worth in the last 24 hr, surpassing more recognized gamers like Dogecoin DOGE/USD and self-proclaimed ‘ Dogecoin Killer’ Shiba Inu SHIB/USD
What Occurred: DOGE and SHIB were up 2% each on Friday. Currently, MAGA is trading at $3.63.
Introduced on Aug. 11, 2023, MAGA got in the crypto area explaining itself as a meme coin to “Make Crypto Great Again.”
It must be kept in mind that the token does not have any main connection to previous President Donald Trump
This rally in MAGA comes as Trump on Wednesday revealed a softer technique to the leading cryptocurrency, Bitcoin BTC/USD
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Earnings, IntoTheBlock Data Exposes
Why It Matters: Throughout an interview with Laura Ingraham on Fox News’ “The Ingraham Angle,” Trump stated that Bitcoin has actually “taken a life of its own, you most likely need to do some policy.”
Furthermore, Trump acknowledged a growing disposition towards Bitcoin in business deals. “Many individuals are accepting it. And increasingly more, I’m seeing individuals wishing to pay [with] Bitcoin,” he stated, observing the cryptocurrency’s developing stature.
Benzinga’s Note: Financiers must do their own due diligence before buying tokens, especially ones called after well-known figures or brand names.
Cost Action: At the time of composing, BTC was trading at $51,050, up 0.35% over the previous 24 hr, as reported by Benzinga Pro.
Read Next: Here’s Just how much You Should Purchase Shiba Inu Today For A $1M Payday If SHIB Strikes 1 Cent?
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