MAGA Price Prediction: MAGA (TRUMP) Token Set to Skyrocket in Q3 2024! Will MAGA Tokens Make You 10X Filthy Rich by September?

The crypto market is no stranger to meme coins, and the MAGA (TRUMP) token is a prime example. Inspired by Donald Trump’s iconic “Make America Great Again” slogan, this digital asset has garnered attention due to its unique approach. Although this token has no direct affiliation with former U.S. President Donald Trump, it has been gaining traction due to its potential for a significant 10X growth in the third quarter of 2024.

Launched in August, this Trump-themed meme coin, MAGA (TRUMP), is an Ethereum-based meme token that capitalizes on Trump’s polarizing persona. While it lacks a fully developed ecosystem, the project stands out with its charity program. A small portion of the token supply (0.4%) goes toward donations to organizations like National Veterans Homeless Support and Veterans for Child Rescue. Additionally, 0.6% supports marketing, development, and liquidity, while a 1% tax on trades helps maintain the token’s price.

Price Predictions

Some market analysts forecast a bullish trajectory for TRUMP in 2024. The average price could more than double to $12.74, with a minimum of $6.62. This optimism reflects the potential impact of market dynamics and investor sentiment. On the other hand, some predict a maximum price of $8.62 for MAGA in Q3 2024. While not as bullish as some estimates, this projection still suggests growth.

Based on technical analysis, MAGA could peak at $157.22 if favorable market conditions persist. The average price projection for 2024 stands at $111.36, indicating solid performance throughout the year, mirroring a possible 10X of investors’ portfolio balances.

Factors Influencing MAGA’s Price

The MAGA token has seen significant surges following digital asset-related comments by Republican presidential candidate Donald Trump. On May 9, MAGA surged over 78% intraday, with trading volume rising over 62% to $281 million, following comments from Trump, who stated his pro-crypto stance.

First, MAGA’s burning program and charity donations help reduce the token’s supply, potentially boosting its price. However, the immediate impact remains modest due to the small percentage burned.

Secondly, TRUMP’s price hinges on demand. Successful marketing efforts or positive political developments (such as Trump’s influence) could attract more buyers and drive prices upward.

TRUMP recently hit all-time highs in June before experiencing a sell-off. To reclaim those highs, new buyers or re-entering traders must step in. The performance of other meme coins, like Pepe (PEPE) and dogwifhat (WIF), also affects TRUMP’s price.

Market Trend 

MAGA (TRUMP) Price Chart. Source: CoinMarketCap 

Per CMC data, the MAGA (TRUMP) token is currently trading at above $7.98 at the time of writing, testing the $8 mark. With a market cap of nearly 357 million, it has dropped 2.38% in the past 24 hours. The token is trading at a premium of  2,954% YTD from its all-time low of $0.007792, recorded on August 21, 2023. Donald Trump’s stronger stance will likely boost TRUMP prices exponentially as the U.S. presidential elections draw closer.

Source: TradingView 

In light of recent events, PolitiFi meme coins have seen significant volatility due to speculation that President Joe Biden might not secure the Democratic Party nomination for the 2024 Presidential election, as well as the news of the failed assassination attempt of former president Donald Trump on Saturday as reported by Coinfomania. This has led to a -14.71% drop in the Kamala Horris (KAMA) token and a +12.01% surge in the Jeo Boden (BODEN) meme coin, per data from CoinMarketCap.