MAGA Coin Tops Trend Charts, Eyes Turn to Next Unlisted Coin for Major Profits
The US Election is swiftly shaping up to be the most anticipated event of 2024, and the Ethereum meme coin markets are keeping pace.
PolitiFi tokens have become the breakout narrative in the second quarter, with MAGA coin now leading the charge.
This article will provide an analysis of MAGA’s current price trends and look to see whether an innovative new meme coin, Playdoge, represents a more promising investment opportunity at this time.
UPDATE: $MAGA is forming an inverse head & shoulders pattern on the 1H chart. With strong support at .0002213 (yellow) If we can close above the resistance line .0002854 (red) , a reversal to the upside would be massive. @MagaHAT_ETH 🇺🇸🚀📈
NFA|DYOR pic.twitter.com/rYq1UQX5hv
— Juice (@crypto_pisano) June 10, 2024
MAGA token, otherwise known as MAGA Hat token, has become the best meme coin of choice for Donald Trump supporters globally. Its enduring status in PolitiFi is now anticipated following a major bounce from consolidation above a $90M market cap.
MAGA Price Analysis: As MAGA Coin Strikes Chord With Trump Supporters – Is This PolitiFi Token Set For Skyrocket?
As MAGA coin continues its breakout trend, MAGA price is currently standing at $0.00023 (representing a 24-hour change of -13.34%).
Despite this localized downtick, MAGA holders are on parade, as the recent consolidation-fed bounce has seen MAGA price break back above a major downtrend in a serious bullish reversal that could spell a skyrocket in the making.
With a strong layer of lower support now established between $0.00015 and $0.0002, MAGA bulls are now targeting an upside push above $0.00033.
Yet, with some traders clearly using the breakout move as an exit pump, the question remains whether there is appetite for another big push.
However, with The Donald at the helm of this meme, any hour could fuel major growth – with many holders banking on further bullish pro-crypto comments from the Presidential candidate.
A quick glance at the order books reveals that bulls have currently lost control of price action over the past 6-hours, with taker buys representing a meager 48% of transactions.
Yet, with MAGA coin stood at a lofty $95m market cap – it’s perfectly clear that this token isn’t vanishing any time soon.
However, with the prospect of even a 3x gain from here demanding a serious influx of capital, many retail investors are banking on smaller gems with bigger growth potential.
This Lesser-Known Token Could Steal the Limelight
One such project gaining serious recognition from eagle-eyed investors is Playdoge (PLAY), which is currently trading at the presale stage – meaning if you’re reading this, you could become an early investor.
Indeed, finding hidden gems like this early in the presale stage is one of the most effective opportunities to unlock substantial gains in the 2024 crypto market.
Let’s explain; for a token like MAGA coin to produce a 10x gain in your portfolio, it would need to grow from a $95m market cap, to a jaw-dropping $950m market cap – that’s an influx of $855M.
By comparison, if you invested early in a high-growth potential project like Playdoge, at the minuscule early-bird exclusive price of just $0.00506, then a simple 10x move would only require an influx of $27m ($3M to $30M market cap).
https://twitter.com/PlayDogeGame/status/1800142916913897812
In fact, if the viral new Tamagotchi-style GameFi project repeats MAGA coins current success – early investors that bought today would be sat atop a life-changing 30x gain.
Just imagine – 1 ETH invested today could produce 30 ETH later this year.
Indeed, in the midst of an early bull run environment, this isn’t an unlikely prospect, with Playdoge aiming to launch a genuine play-2-earn game in the coming months alongside a DEX launch and quickfire line-up of CEX listings.
So, for the lucky readers who made it this far, don’t miss out on this hidden gem opportunity.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
