What's up with MAGA($TRUMP)

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"Make America Great Again", not a bad idea by Donald Trump. developers have helped work out the statement and behold the later MAGA($TRUMP) MemeCoin. The era of poliFi has emerged and one we are seeing currently in the upcoming United state presidential election is worth our attention towards the future of this new crypto sub industry. Maybe I will have to delve deep in another article about the entire future surrounding the merging of politics, finance and blockchain tech to produce the poliFi ecosystem.

Till date, I know you've been following or hearing speculations about the MAGA coin. Yes, it's another memecoin. If you have been following my articles you'll probably read one of the recent post about memecoins;. We have to admit, a lot of this projects are to no avail. After the whole enticement and official launching, we've always seen how it plays out, the 'dump on the later' format'. Can MAGA($TRUMP) coin be of such likes or is there a difference that will shape it out to be a more reliable and effective memecoin? Let's find out

Since its launching on August 11, 2023, we've seen an unending bullish intention around this Ethereum based crypto memecoin projects. MAGA according to my research is not own or controlled by Donald Trump, rather it serves as a speculative bet on the campaign of Trump by developers to see him through the upcoming November elections. Nevertheless, it is believed that Trump also has a wallet of this crypto currency. A funded wallet by the developers which held around $7,100 of the MAGA coin within the early months of it's creation. We have to note this as it will play a vital role in the later part of this article.

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The price has soared and yes this is not surprising, first it's an attribute of memecoins and secondly it has much to do with the US government. We ALL know the US are TOP holders of cryptocurrency and what it would mean if the government should be in full support of this tech. Looking from the chart above, we've seen an over 88,800% rise as of the time of writing, keeping the price of MAGA at over $14.50 dollars. Impressive when you see this happening within the space of ten months. Nevertheless, how MAGA will avoid being dumped will be more essential from here.

I see the possibilities of this token being on that continuous rise at least till after the the end of the November elections. The statement of Donald Trump about a thumbs up to crypto have seen this memecoin give a significant rise. He talked about inception of coins like Bitcoin, ethereum, dogecoin and Shiba inu urging lovers of the crypto industry to give him the needed support and of course we know, other likes coins will definitely follow. Can this just be a speculation to get the crypto crowd running. Trump is a good friend ov Robert Kiyosaki and he happens to be a lover of crypto especially bitcoin. If you've been following up some of his news letters before now, Mr. Robert have been siding with bitcoin especially so yes, I think Trump will be sincere from this angle.

What happens if Trump looses?

We need to be very realistic, the MAGA coin is speculative in nature. Can this coin thrive after the election goes against Trump? This is where the future of this memecoin lies. Him loosing is one thing anf him abondoning the ecosytem is another. With belief that Trump holds a substantial portion of the MAGA coin, can he abandone ship when all goes loose. If the big investors show signs of a market dump, this crypto will definitely flush out.
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From my views, I wouldn't think Trump would abandon this project if he lost the election. Why? An opportunity in the poliFi industry has been opened to him and he has the duty of nurturing it to win the hearts of crypto faithfuls. In short this alone will give him a hedge in the preceding election if he recontest for the presidential position. This has been a channel to raise funds and sponsor political projects and also extend into charity services. Adding to that, MAGA entering the list of top memecoin has opened doors for further investment and has brought trust to this crypto faithfuls.

I see a dump on this project to be a loss to its developers and Trump himself. The need to rescue this project and keep it going will help both Trump and the PoliFi industry, garnering more attention to the adoption of cryptocurrency at large. It's a big opportunity for crypto faithfuls and investors to test the fate of the polical industry and draw trust to the need to adopt the next financial move, a more open way to raise funds and incentivise projects.

If Trump should win this election, it will be more interesting for the crypto industry at large. With the US government giving a backup to crypto, not only will the price of MAGA coin surge but the entire crypto industry will see opportunity to introduce itself much broader. Much money will be pushed into the crypto industry and PoliFi to even be more direct. With political contenders seeing the need to leverage blockchain and the crypto world you never can tell what awaits.

To conclude let me add, I see a lime light for MAGA, at least for the next decade depending on how competitive the poliFi industry will grow. I can't really say much on a more longer term since it has a high speculation feature who knows what new developers can put up to outperform the current trends. The most important thing is how it will get crypto, web3 and blockchain tech in general up and standing. You can still remember the next slogan surrounding this coin, 'Make Crypto Great Again'.

Disclaimer, if you've ever read my financial article, always note it is not an investment advice. I am not even done advising myself. financial market is a game of who wins and who loses. DYOR. Thanks for your usual understanding

Posted Using InLeo Alpha