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Trump Approves Crypto Rise, MAGA VP, TRUMP; Will Cryptocurrencies Drive Finance in 2024?
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Former US President Donald Trump has made the surprising decision to start accepting campaign donations in cryptocurrencies, specifically Bitcoin.
This marked a major stand-alone event where politics meets technology. Investors are also starting to figure out whether cryptocurrency will come to the forefront of finance this year onwards.
The announcement of Donald Trump’s endorsement of cryptocurrencies was made during a private dinner with holders of his “Mugshot Edition” NFTs. Trump has declared his commitment to allowing supporters to contribute using cryptocurrency to his campaign in the upcoming 2024 presidential election as the Republican candidate. MAGA VP has already been up 14% in the last 24 hours!
Recent reports from Arkham Intelligence reveal insights into Trump’s cryptocurrency investments through blockchain analysis and financial disclosures, identifying wallets linked to the former president. Trump entered the cryptocurrency market in late 2022 with his NFT collection of Trump Digital Trading Cards, showing strong performance with a floor price exceeding $200 compared to other NFTs.
Recent research also indicates that Trump holds a significant amount of tokens, approximately 800 in total, split between ETH and WETH. The collective value of these tokens is approximately $2.5 million.
The most important position in Trump’s portfolio, however, is the MAGA Coin (TRUMP). Introduced in August, the MAGA coin skyrocketed to a whopping $11.50 by March.
The project’s creators gifted Trump 580,000 tokens as part of a promotional strategy and as a sign of appreciation. At its peak, Trump’s 580,000 tokens were valued at more than $6.7 million. In February of this year MAGA VP MVP made giant strides, reaching prices of up to 0.31 cents.
MAGA VP has expanded its reach to include the Solana, BNB and BASE chains. This strategic move allowed MAGA VP to connect with Solana’s active community and leverage L2 solutions for faster transactions and lower gas rates. As a result, the token has become a popular choice among investors.
Additionally, a smart token tax system directs 2% of funds towards various aspects of the TRUMP ecosystem. Specifically, 1% is dedicated to TRUMP rewards for 4MVP holders to increase community engagement, while an additional 0.5% is dedicated to marketing efforts to increase visibility and exposure.
Donald Trump’s endorsement of cryptocurrency among his supporters could potentially pave the way for a significant increase in cryptocurrency popularity in 2024.
As more and more people begin to embrace this digital currency trend, it is possible that this will happen MAGAVP could emerge as one of the top tier memecoins. MAGA VP has secured 12 CEX listings so far, inclusive BitMart, XT.comAND LBank.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any action related to the company.