The Trump-related Maga Memecoin (CRYPTO: TRUMP) has seen a resurgence, bouncing from its lows set in September.
What Happened: Crypto trader Unipcs predicted in a recent post on X that political meme coins will experience an explosive rally in October.
He believes Maga Memecoin and other Trump-related meme coins could benefit from that.
| Cryptocurrency | Price | 7-Day Gains (+/-) |
| MAGA (CRYPTO: TRUMP) | $2.95 | +65.8% |
| MAGA Hat (CRYPTO: MAGA) | $0.00008792 | +45% |
| Donald Tremp (CRYPTO: TREMP) | $0.1883 | +44.4% |
| Department Of Government Efficiency (CRYPTO: DOGE) | $0.10733 | +85.9% |
Crypto trader Davie Satoshi pointed out that the 3-day stochastic relative strength index for MAGA, another Trump-related meme coin, shows a bullish outlook. Temporary resistance lines are noted, but overall, the chart structure looks promising for a potential 3x price increase from current levels.
Also Read: ‘Meme Coin Supercycle’ Means 13 Out Of Top 20 Outperforming Tokens Are Memes: Will Shiba, Dogecoin Be First To Reach $100B?
Why It Matters: Coingecko data shows politicial meme coins at a valuation of $652 million.
According to Polymarket data, Kamala Harris has a 50% chance of winning the 2024 election, compared to DOnald Trump’s 48%.
Read Next:
- These 42 Cryptos Have Outperformed Bitcoin In 2024: No DOGE, No SHIB, But 8 Meme Coins Among Them
