- Former U.S President Donald Trump survives an assassination attempt.
- Trump themed memecoin Maga soars by 40.81%.
As an analyst with a background in politics and finance, I find the recent events surrounding former U.S. President Donald Trump and the crypto market intriguing. The assassination attempt on Trump during a political rally in Pennsylvania was a shocking turn of events that has had ripple effects in various sectors, including cryptocurrencies.
The political landscape in the United States is growing increasingly complex with the election just four months away. There’s been much speculation about a potential comeback for former President Donald Trump, who has been a popular figure among some for several months. Sadly, his campaign was marred by an unfortunate incident on July 14th when an individual attempted to harm him.
As a researcher studying political events, I came across an incident where the former president was speaking at a rally in Pennsylvania. Suddenly, I heard gunshots ring out, and chaos ensued as gunfire filled the air around me during that moment. The situation unfolded rapidly, leaving everyone present in a state of shock and uncertainty.
Fortunately, the Secret Service acted swiftly and escorted him off the stage following the occurrence. Subsequently, images emerged of him with noticeable injuries on his left ear and head, bearing pools of blood.
Politicians and cryptocurrency enthusiasts have expressed varying responses to these recent occurrences. For example, crypto expert Michael van de Poppe shared his take on the intersection of politics and cryptocurrencies. In a post on his website, he commented:
After a suspected assassination attempt on Trump, the world seems to be unraveling at the seams. Starting today, the use of #Bitcoin carries significant political weight.
Trump memecoin MAGA soars
Equally, the crypto markets reacted immediately following the incident.
To begin with, the cryptocurrency MAGA, which features themes related to former U.S. President Donald Trump, experienced a significant increase of 40.81% on a daily basis after an assassination attempt was reported.
In the given time frame, MAGA’s trading volume experienced a significant surge of over eight hundred and thirty-five percent, reaching a total of thirty-nine million dollars. Currently, MAGA is being traded at the price of eight dollars and seventy-six cents according to Coinmarketcap. Additionally, there has been a notable rise in its market capitalization by forty percent, amounting to three hundred and eighty-five million dollars.
Trump’s pro-crypto campaign trail
Despite being a vocal critic of cryptocurrencies for an extended period, Trump has shifted his stance and emerged as the United States’ first pro-crypto presidential candidate. Previously, during his tenure at the White House, he strongly advocated for the US dollar as the sole global currency, expressing skepticism towards digital currencies.
As a researcher studying political fundraising trends, I’ve noticed an intriguing development. The surge in crypto voters has led President Trump to reconsider his stance on cryptocurrency donations. Now, he welcomes such contributions for his campaign.
He recently expressed the view that Bitcoin ought to be considered as a vital reserve asset and advocated for the encouragement of Bitcoin mining exclusively within the United States. Consequently, should Trump secure a victory in the upcoming election, he would become the first American president to openly support cryptocurrencies.
The botched assassination attempt could actually boost Trump’s chances of winning the upcoming election. Should the current political landscape persist, America would be electing its first president in favor of cryptocurrencies.
In the opinion of investor WclementeIII, there is an increasing likelihood that Trump’s prospects are improving. He expressed this viewpoint on his X page.
“Trump’s odds of winning in November are skyrocketing in prediction markets.”
Trump’s criticism of US anti-crypto laws
Instead of heeding the requests from the crypto sector, the Biden administration has taken a contrasting approach by ramping up enforcement actions against crypto companies by the SEC.
Trump has taken this indifference as leverage and has promised to end “Biden’s hatred for Crypto.”
Over the past 3 months, he has vocalized his disapproval towards the present administration’s handling of cryptocurrencies, firmly positioning himself as a critic of Biden’s crypto-related initiatives.
Read More
- JASMY PREDICTION. JASMY cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- Top gainers and losers
- LUNA PREDICTION. LUNA cryptocurrency
- BOO PREDICTION. BOO cryptocurrency
- GOAL PREDICTION. GOAL cryptocurrency
- MONG PREDICTION. MONG cryptocurrency
- CTC PREDICTION. CTC cryptocurrency
- DUEL PREDICTION. DUEL cryptocurrency
- ELK PREDICTION. ELK cryptocurrency
2024-07-14 13:11