TRUMP Meme Coin Price Prediction in 2024: Market Analysis

Bittime - The price prediction for TRUMP Meme Coin in 2024 is expected to more than double. Burning programs, charitable donations, and Trump's success in politics may influence the price of this coin.

TRUMP Meme Coin Price Prediction

During the ongoing presidential campaign, everyone's attention is focused on the outcome of Joe Biden and Donald Trump's election rematch. Some crypto enthusiasts are hoping to take advantage of the abundance of news and hype related to the election. A meme coin looking to do this is MAGA Coin (TRUMP).

Digital Coin Prices predict a more than doubling in TRUMP prices for 2024, with an average price of $10.95, but a minimum price of $4.53. AMBCrypto's 2024 MAGA price prediction suggests that TRUMP could reach a high of $8.62.

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Will Meme Coin TRUMP?

MAGA coins are still trending, and trading forces determine their prices. From a supply perspective, burning programs and charitable donations can help lower supply, which can have a positive impact on prices. However, because only a small portion of the supply is burned, the impact of this program will likely be very small in the near term.

On the demand side, there is more room for Trump to rise to office. For example, if Trump is politically successful or his marketing efforts are successful, there may be more buyers purchasing the token, so the price may increase. 

What is MAGA's (TRUMP) Market Position Like?

On June 1, 2024, TRUMP reached an all-time high of $17.52. At that time, its market cap was over $700 million and ranked among the top 100 tokens by market cap, but MAGA's price has fallen by about 70%, and its market cap is sitting at around $224 million. With a market cap of over $10 billion, Dogecoin (DOGE) and Shiba Inu (SHIB) are the biggest meme coins in terms of competition.

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Conclusion

The price of Meme Coin is projected to increase significantly during the 2024 presidential campaign. Some sources say it will top $10.95 and hit a low of $8.62. Burning programs and charitable donations help lower the supply, but the effect is only temporary. 

Trump's success in politics and marketing has the potential to increase demand and price of the coin. With a market cap of $700 million, TRUMP hit a high of $17.52 last June 1, 2024, but then fell by around 70%. Despite this, MAGA remains prominent in the meme coin market, although it has not yet caught up with Dogecoin (DOGE) or Shiba Inu (SHIB).

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