Markets
Trump’s $MOGA meme coin listed on the cryptocurrency market: will it work in view of the 2024 elections?
Updated May 28, 2024, 01:35 IST
A meme coin named after former US President Donald Trump has been listed on the cryptocurrency market. Those behind the $MOGA bitcoin based on the Ethereum blockchain say they want to “revolutionize” the meme coin space. It currently trades at a price of nearly $0.5000 and is expected to rise further, based on an analysis by market watchers.
Last week, a meme coin named after former President Donald Trump emerged
A meme coin named after former US President Donald Trump has been listed on the cryptocurrency market. Those behind the $MOGA bitcoin based on the Ethereum blockchain say they want to “revolutionize” the meme coin space. It currently trades at a price of nearly $0.5000 and is expected to rise further, based on an analysis by market watchers.
An X Storm (formerly Twitter) may have inflated the price of MOG Trump Meme/Bitcoin. It originally launched on May 21st this year with an official website and social media pages. “Combining Trump’s “huge” vision with meme coin hype, with the goal of dominating the cryptocurrency landscape, $MOGA is born today!” wrote the founders of Meme Coin as part of the launch campaign. It has increased steadily from last week until today, when it increased exponentially more than ten times its past value.
It is unclear who exactly launched this Meme Coin. Furthermore, neither the Republican mogul nor any member of his campaign reacted to the launch of a digital currency stamp on his name. The value of $MOGA is however fluctuating rapidly on Dex Screener, a platform that allows traders and investors to track and analyze real-time data from multiple exchanges and decentralized chains.
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A report from Coincu analyzed the prospects of the MOG Trump Ethereum blockchain coin. He made a short-term price prediction and found that the value of the coin will remain positive in the coming months. The outlet also indicated an expected increase with the highest price of around $0.00002734 in November, during the peak of US presidential polls.