MAGA, experienced significant boosts due to comments made by former US President, Donald Trump. This new meme coin has seen strong growth and reached an all-time high price.
A new memecoin inspired by Donald Trump, MAGA, has seen substantial price increases due to former US President’s remarks on Bitcoin and cryptocurrencies.
MAGA rose by 20% last Friday, which is lower than the gains made by other well-established meme coins like Dogecoin and Shiba Inu, which only saw a 2% increase on the same day.
MAGA, launched on August 11, 2023, takes inspiration from the former US President, but it’s important to note that there is no direct connection between MAGA and Donald Trump.
The recent growth of this meme coin comes after Trump expressed a more positive attitude towards Bitcoin last Wednesday. According to the former President, regulations are becoming necessary for the world’s leading cryptocurrency.
Notably, Trump acknowledges the increasing popularity of Bitcoin for commercial transactions. He mentions that many people are holding onto this top cryptocurrency and that more and more individuals are interested in using Bitcoin for daily transactions.
This new meme coin reached an all-time high of $5.4991 USD last Friday, with an almost 80% increase before retreating. However, it is now experiencing a rebound, with MAGA trading at $5.1 USD at the time of writing and having increased by 5.61% over the past 24 hours.
MAGA has shown sustainable growth since the beginning of 2024. The meme coin started the year at $0.29 USD, and it has maintained an upward trajectory, surging over 2100% in less than two months.
