MAGA Hat Coin Trends But Is This Dogecoin Alternate The New Craze?
A few weeks ago, Donald Trump labeled the US Presidential Election as America’s first-ever ‘crypto election.’ Indeed, with cryptocurrency now in the spotlight, developers and traders are showing a growing interest in PoliFi meme coins such as Maga Hat (MAGA) Coin.
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.
Next stop $160m from there all time high from there price discovery
Thinking $420m-$500m before next correction
That's good clean price action pic.twitter.com/Ro92AwuTJh
— Burnside (@BurnsideOhana) June 19, 2024
Resilient consolidation above lower support has left MAGA Hat coin poised for dramatic growth in weeks ahead, according to popular retail traders on Crypto X.
This prospect seems likely considering the continued and intensifying election campaign.
MAGA Price Analysis: As Donald Trump-Themed MAGA Hat Coin Surges From Support – Is Second ATH Coming?
As MAGA Coin tries to push up from well-defended support, MAGA Hat is currently trading at a market price of $0.000258 (representing a 24-hour change of +29.42%).
The recent upward price movement of MAGA Coin follows a significant bounce off its lower support level at $0.000175, a new base established by 17.7K MAGA holders.
The price is currently poised above the higher support at $0.00022, with attention now focused on the overhead resistance at $0.00026.
If MAGA Hat can break this resistance level, and flip it to support, then it could undertake an electric upside move to $0.00033.
Indeed, with such strong fundamentals stemming from Donald Trump, it’s not a surprise that there’s still a good amount of capacity for gains even above the $100m MCAP mark – with the potential of hitting $1Bn not unlikely if Trump makes major ground in polls.
This indicates the potential for up to a 10x return for bold holders who can withstand the volatility.
However, while this might sound tempting, experienced investors understand that more reliable gains can be found in other areas of the market.
Why Is PlayDoge’s PLAY Presale Going Viral? New GameFi Coin Heads for $5M Raised in Skyrocket Raise
A new nostalgia-fuelled GameFi coin has gone viral with smart money investors as eagle-eyed traders scour the market for hidden gems amid the Post-Halving dip.
Enticed by what could emerge as one of the biggest GameFi launches of 2024, a current $4,866,447 has been raised following viral traction on Crypto Twitter and calls by major crypto YouTubers.
But what actually is PlayDoge and the PLAY token?
At the heart of this rapidly growing ecosystem is a digital hark back to the golden days of Tamagotchis – those small plastic digital pets that everyone treasured in childhood.
The PLAY developers aim to bring that indelible experience on-chain with the launch of the first-ever Tamagotchi-style pets on the blockchain.
Built on top of an exciting play-2-earn engine, with tokenomics supercharged by demand for a super cool NFT marketplace, it’s clear that the retail market is so excited.
Furthermore, while a token like MAGA Hat would need a capital inflow of around $900M to produce holders a 10x gain, PLAY would only require a comparative $45M capital injection – highlighting it’s competitive growth potential for early-bird investors.
So don’t miss out on this early opportunity.
Follow PlayDoge on X and Telegram for the latest updates.
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.
