The crypto markets simply can’t get sufficient of political meme cash as US Presidential Election fever fuels back-to-back Donald Trump crypto cash. Within the newest transfer, MAGA Hat meme coin has exploded in a single day.
This text will present an evaluation of MAGA’s present worth developments and look to see whether or not an progressive new meme coin, PLAY, represents a extra promising funding alternative presently.
$MAGA coming to Las Vegas pic.twitter.com/Tg5gQG7Fkm
— MAGA (Parody) (@MagaHAT_ETH) June 7, 2024
MAGA Hat has emerged as one of many extra profitable Trump-themed PolitiFi initiatives in current days, with small-level CEX listings simply weeks after launch performing to cement its place inside the panorama.
MAGA Value Evaluation: Donald Trump Impressed MAGA Hat Continues to Encourage Main Positive aspects
As MAGA Hat token fights to reverse a robust draw back transfer over the previous day, MAGA is currently trading at a market price of $0.00024 (representing a 24-hour change of -18%).
This comes as the worth undertakes a triple take a look at of decrease assist above $0.0020, in a mirrored image of holder nervousness round seemingly cascading worth motion.
Certainly, the previous two days have witnessed a dramatic -67% come-down from MAGA’s dazzling heights on the current all-time excessive of round $0.0075.
But, with worth motion well-defended at present assist ranges, all eyes now flip to the prospect of a bounce, which might see MAGA bulls aiming to flip upside resistance at $0.003 to assist.
This can be a crucial transfer that might be important for the survival of the MAGA undertaking. With the dominance of a significant downtrend at the moment suppressing worth motion, an extra rejection from the decrease trendline ought to warrant a fast exit for merchants.
But, regardless of the overhead resistance, MAGA stays alluring right here, with a decreased market cap at $100M teasing the prospect of a possible 5x play for merchants.
However for a lot of, a easy 5x return isn’t definitely worth the danger, and for these traders, presale tokens that haven’t even been listed on exchanges may very well be the reply.
PLAY Presale Goes Viral With Avid gamers: Fast Traction in GameFi Vertical Fuels Multimillion PlayDoge Presale
With GameFi rising as one of many hottest narratives within the 2024 crypto market, it’s not a shock that the PlayDoge (PLAY) presale has caught the eye of avid gamers throughout the house.
At the moment standing at an impressive $2.9M raised, with the presale poised to smash the $3M mark any hour.
On the coronary heart of this explosive funding spherical is widespread pleasure for a brand new Tamagotchi-style 2D gaming ecosystem that can see gamers develop and take care of their very own mini pet.
Someone say Excessive Stakes? 🎉
Failure to take care of your Doge will create an enormous headache. 🙄
Deal with ’em like a King and also you’re in for large rewards with $PLAY tokens. 👑💰 #PlayDoge #P2E #ETH #MemeCoin pic.twitter.com/pHy0jtLK3E
— PlayDoge (@PlayDogeGame) June 7, 2024
That is supercharged with thrilling mini-games underpinning an alluring play-2-earn mechanism that permits you to win large while having enjoyable.
Purchase stress for the PLAY GameFi token is pushed by demand for the colourful and expressive PlayDoge NFT market, which helps you to customise your little buddy proper within the palm of your hand – from Pirate Hats to Tuxedos.
All in all, with PlayDoge banking large on the meme season’s love for Shiba Inu canine, and fast success already obvious on the presale part – you don’t wish to miss this one.
Disclaimer: Crypto is a high-risk asset class. This text is supplied for informational functions and doesn’t represent funding recommendation. You would lose all your capital.
