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Memecoins soar as Trump endorses crypto, TRUMP coin leads with 83% increase
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Following Donald Trump’s endorsement of crypto for his potential next term, TRUMP meme coin surges 83% while other meme coins like Sealana and WienerAI also show promising gains.
TRUMP, a meme coin honoring former US President Donald Trump, soared today. The move comes amid a broader memecoin rally, and recently launched projects Sealana and WienerAI are also gathering pace.
Donald Trump Supports Crypto, TRUMP Coin Price Rise
The former US president says he will embrace encryption in his next presidential term. “Crypto is leaving the US because of hostility towards it. I do not want it. If we want to embrace it, we have to let them be here,” he said. he said at a recent rally.
Consequently, the price of TRUMP has soared 83% this week, making it the second best performing top 100 crypto. However, the best performer is another Trump-themed crypto, albeit with a notably smaller market capitalization.
TRUMP is currently trading at $8.39, up 18% today, 83% this week and 74% this month. It holds a market cap of $369 million and a 24-hour trading volume of $20 million, an increase of 67%.
In fact, the token’s affiliation with Donald Trump creates a polarizing narrative, with international market participants now able to show support through the token.
Project X account is leaning towards this, recently saying that Trump’s ongoing presidential campaign rallies will be “bigger, better and stronger than ever.”
Meanwhile, analysts allude to TRUMP’s political affiliation and anticipate that he is optimistic about his price. For example, trippaflipp.eth underlined Donald Trump’s project “goal” and also shows his recent price action strength, predicting an upcoming surge that “will be monumental.”
Meanwhile, TheEuroSniper also nods to the political fixation of the token, saying, “Vote for TRUMP for gains.” The analyst also cites its price chart and highlights that it has recently started to reach higher highs and higher lows after a pullback. This indicates that the next step could be on the horizon.
TRUMP took center stage on the meme coin circuit this week, but other projects are also vying for memetic stardom. With that in mind, let’s look at other competitors that could perform well.
Selana
Solana presales have had one of the most profitable memecoin narratives in recent months, and Selana is the latest version. Having raised over $700,000 so far, this foul-mouthed South Park-inspired stamp is hitting the memecoin degens.
Although Sealana was once an aquatic mammal, he traded that life to chase memecoin riches and now lives in his mother’s basement, munching on canned tuna and chips while grinding DEXScreener for 18 to 19 hours a day.
The hilarious backstory perfectly encapsulates the rags-to-riches ideals of degen memecoin culture, making Sealana one of the hottest prospects in crypto. Sealana was also recently launched on Ethereum, presenting even more potential for liquidity on the network and community growth.
Top analysts are optimistic in the project, with some saying it has 10x potential. The Sealana pre-sale remains ongoing, but with no predetermined hard cap, interested traders must act quickly or risk missing out.
To learn more about this project, visit Sealana pre-sale.
WienerAI
Another project with immense potential is WienerAI, an AI-meme coin crossover that is exploding in its pre-sale. Having raised $1.7 million so far, there is no doubt that the smart money is coming in and securing its share of tokens.
However, WienerAI’s playful sausage dog facade is also appealing to the masses. But beneath that memecoin exterior is a suite of cutting-edge AI algorithms that provide predictive, instantaneous, newbie-friendly, and MEV-resistant trading execution.
As such, WienerAI is positioned at the intersection of the two biggest trends in cryptography, and this is reflected in its immense early success. In addition to the impressive total increase, top analysts are in favor of the new project. For example, Michael Wrubel nicknamed is the “top AI meme coin for 2024”.
Currently, investors can pre-order WienerAI for $0.000706, but this price will gradually increase throughout the campaign, with the next increase in two hours.
To find out more about the project, visit WienerAI presale.
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