Trump-Related Coins Could Pump In October, Says Prominent Meme Coin Trader

Khyathi Dalal

October 01, 2024

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.

The stoch RSI on the 3-day chart for $MAGA is looking very bullish. Here is a possible count of where $MAGA goes next along with some temporary resistance lines. Nothing is for certain and the timing may be off, but the structure seems sound that this is a wave 3 in the shortâ€¦ pic.twitter.com/SyVNNXdtvE
— davie satoshi (@NFTdavie) October 1, 2024

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%.

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These 42 Cryptos Have Outperformed Bitcoin In 2024: No DOGE, No SHIB, But 8 Meme Coins Among Them

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