Why Tech-Savvy Investors Stacking 3 Trump Coins Before Bitcoin 2024 Conference

Trump Coins have become a sensation in the crypto space, and the coming Bitcoin 2024 conference in Nashville may send them into overdrive.

As Donald Trump prepares to address the Bitcoin 2024 conference in Nashville, a slew of Trump-themed cryptocurrencies have emerged, capturing the attention of tech-savvy investors. These investors are speculating on potential price surges fueled by the former president's appearance at the crypto event.

Here's a closer look at three Trump coins that investors are stacking ahead of the Bitcoin 2024 Conference:

1. Trump Coins – MAGA (TRUMP)

The original Trump coin, MAGA (TRUMP), is a meme coin that positions itself as the no.1 token in PolitiFi (the intersection between crypto and politics). This meme coin was launched on the Ethereum blockchain and later expanded to Solana, BaseL2, and Binance Smart Chain (BSC).

One of the unique features of the MAGA meme coin is its charity initiative, which aims to support veterans and child trafficking prevention services in the United States. To date, the project has donated over 289 ETH to US Veterans and over 253 ETH to Child Trafficking Prevention, totaling 542 ETH ($1.7 million). These funds are raised through a 1% tax on all buys, sells, and transfers involving the TRUMP token.

As of Thursday during European business hours, TRUMP's price hovered around $6.05, showcasing a 19.2% increase in the last seven days. This price surge serves as an indicator of the growing investor interest in these Trump coins as the Bitcoin conference nears. With a market cap of around $280 million, the TRUMP coin's 24-hour volume has seen a 54% increase, signaling a recent surge in market activity. After hitting an all-time high of $17 on June 2, TRUMP's price has found support at around $5.

2. MAGA Hat (MAGA)

Inspired by Donald Trump's hat, MAGA Hat (MAGA) was created after the TRUMP coin. Unlike TRUMP, MAGA does not have a philosophy behind it. This token has 0% taxes and is 100% community-driven. The developers banked on getting support from Trump enthusiasts, and the plan has worked in their favor. MAGA is listed on several centralized exchanges, including Huobi, Gate.io, and MEXC.

At the time of writing, MAGA's price has seen a 12.1% surge over the last 24 hours, trading at $0.0001788. This price increase coincides with a 25% increase in trading volume over the previous 24 hours. Rising volume and price are often an indication of an uptrend in the market.

With a market cap of $73 million, which is low enough for at least a 2–10X surge in the event of positive news, the Bitcoin conference may provide the necessary catalyst to push this meme coin over the $100 million mark.

MAGA's price is at a crucial level, right below the $0.0002 support-turned-resistance level. If the bulls work hard, they can breach this resistance and send MAGA back to $0.0004.

3. Doland Tremp (TREMP)

One of the older Trump coins, Doland Tremp (TREMP), was launched on the Solana network, and its price initially surged before a correction took over. This Solana meme coin was the first 2024 presidential meme-candidate in space. TREMP also received a listing on the Kraken Pro platform, further enhancing its legitimacy in the market. TREMP was also the first of this kind to hit $100 million in market cap, but since then, its value has dropped.

TREMP's price is currently $0.421, reflecting a 3.8% increase in the last 7 days. This politifi meme coin formed a rounded top between late May and early June, which resolved into a bearish reversal that saw the price drop to a low of $0.33 on July 9. If TREMP bears prevail, a support structure exists around the $0.25 price. On the flip side, if bulls prevail, the TRMP price may rise, and the $0.75 partial resistance may be tested before returning to the $1.37 all-time high price.

Being the first runner in space counts for something since “old is gold.” Trump's address at the Bitcoin 2024 conference is expected to be dovish for crypto and Trump coins. As the first of its kind, TREMP is expected to perform better than the other newer Trump coins.

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