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MAGA Hat Meme Coin Goes Viral as Dogecoin Rival Scoops $2.9 Million

Sam Cooling
Last updated: | 2 min read
MAGA Hat Price Analysis: As PoliFi crypto coins explode amid US Presidential Election hype, new Trump crypto MAGA explodes in moon-shot play.

The crypto markets just can’t get enough of political meme coins as US Presidential Election fever fuels back-to-back Donald Trump crypto coins. In the latest move, MAGA Hat meme coin has exploded overnight.

This article will provide an analysis of MAGA’s current price trends and look to see whether an innovative new meme coin, PLAY, represents a more promising investment opportunity at this time.

MAGA Hat has emerged as one of the more successful Trump-themed PolitiFi projects in recent days, with small-level CEX listings just weeks after launch acting to cement its position within the landscape.

MAGA Price Analysis: Donald Trump Inspired MAGA Hat Continues to Inspire Major Gains

As MAGA Hat token fights to reverse a strong downside move over the past day, MAGA is currently trading at a market price of $0.00024 (representing a 24-hour change of -18%).

This comes as the price undertakes a triple test of lower support above $0.0020, in a reflection of holder anxiety around seemingly cascading price action.

Indeed, the past two days have witnessed a dramatic -67% come-down from MAGA’s dazzling heights at the recent all-time high of around $0.0075.

Yet, with price action well-defended at current support levels, all eyes now turn to the prospect of a bounce, which would see MAGA bulls aiming to flip upside resistance at $0.003 to support.

This is a critical move that will be vital for the survival of the MAGA project. With the dominance of a major downtrend currently suppressing price action, a further rejection from the lower trendline should warrant a quick exit for traders.

Yet, despite the overhead resistance, MAGA remains alluring here, with a decreased market cap at $100M teasing the prospect of a potential 5x play for traders.

But for many, a simple 5x return isn’t worth the risk, and for those investors, presale tokens that haven’t even been listed on exchanges could be the answer.

PLAY Presale Goes Viral With Gamers: Rapid Traction in GameFi Vertical Fuels Multimillion PlayDoge Presale

With GameFi emerging as one of the hottest narratives in the 2024 crypto market, it’s not a surprise that the PlayDoge (PLAY) presale has caught the attention of gamers across the space.

Currently standing at a magnificent $2.9M raised, with the presale poised to smash the $3M mark any hour.

At the heart of this explosive funding round is widespread excitement for a new Tamagotchi-style 2D gaming ecosystem that will see players grow and care for their own mini pet.

This is supercharged with exciting mini-games underpinning an alluring play-2-earn mechanism that lets you win big whilst having fun.

Buy pressure for the PLAY GameFi token is driven by demand for the colorful and expressive PlayDoge NFT marketplace, which lets you customize your little buddy right in the palm of your hand – from Pirate Hats to Tuxedos.

All in all, with PlayDoge banking big on the meme season’s love for Shiba Inu dogs, and rapid success already apparent at the presale phase – you don’t want to miss this one.

Buy a bag of PlayDoge Here

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.