Hey everyone, we all know that Trump is a huge crypto fan, and this could have a significant impact on certain crypto coins associated with him. In today's update video, I'll be discussing "Super Trump," what Joe Biden dropping out of the presidential race means, and how it could affect Donald Trump's odds of winning. Most importantly, I'll explore what this means for Super Trump Coin. I'll be diving deeper into this topic in today's update.
Super Trump Coin is about to launch on Gate.io, so be sure to watch this video because there are plenty of opportunities in the market right now that you don't want to miss. Without further ado, don't forget to hit that like button, and let's jump straight into the content!
First off, on Sunday, Joe Biden officially dropped out of the 2024 presidential race. This move slightly reduced Donald Trump's odds of winning. If Trump does win the presidential election, I believe coins like MAGA Coin, and more importantly, Super Trump Coin, could see a massive surge. Let's go back to the first run that Super Trump Coin had, where it reached up to 3.2 cents. Currently, it's sitting around 1.3 cents. If we look at the daily time frame, we can see a significant price history. Every time something big happens with Trump, Super Trump Coin tends to experience a significant increase in price.
To put it into perspective, MAGA Coin is the biggest Trump-related coin out there, but Super Trump Coin is the one to buy if you missed out on MAGA Coin, in my opinion. So, what makes Super Trump Coin special? First, there's a 0.3% tax on transactions, and 0.8% of the total supply of Super Trump Coin is allocated to Donald Trump's wallet. According to the team, this is a gesture of support from the Trump community, ready for him to claim whenever he chooses. If Trump endorses crypto even more in the future, he might accept this donation in Super Trump Coin, especially if he needs more funding, which I think he will. If that happens, the price of Super Trump Coin could skyrocket.
Looking at the total supply distribution, more than 10% of the tokens have already been burned, 70% went into liquidity, 4% into the treasury, and the rest are allocated for exchange listings, staking, and marketing. This focus on liquidity helps maintain a fair price with many holders. Currently, Super Trump Coin has a market cap of around $32 million, which is quite substantial. Considering its past performance, I think it could easily reach a market cap of $200-300 million, possibly even $400 million. A 10x increase from here seems reasonable, especially if Trump wins the election.
Moreover, we could see even better price action next week, as Trump is set to speak at Bitcoin Nashville. This might positively impact the market, especially if he talks about Trump-related coins or accepts the donation from Super Trump Coin. This could be a significant event for the market, so make sure you don’t miss out on it.
There’s also big news for Super Trump Coin as it's listing on Gate.io. The team has been working hard behind the scenes to get listed on more exchanges. It's already on a few major exchanges, doing substantial volume, including MEXC. Similar to MAGA Coin, the highest trading volume for MAGA Coin is on Gate.io, so having Super Trump Coin listed there is great for its exposure and liquidity. According to Gate.io’s Twitter, the coin launched yesterday, which is fantastic news for Super Trump Coin.
Looking at the chart, we've seen some beautiful consolidation, followed by a massive rally. It formed a falling wedge pattern, and now we're witnessing a breakout. If you zoom in on the 4-hour time frame, there was a significant uptick in volume and a notable price increase. Although there's a slight dip right now, I believe there's still a lot of potential, especially since Trump will be discussing Bitcoin at Bitcoin Nashville. If Trump wins the presidential race in November 2024, it could have a massive effect on Bitcoin's price and Super Trump Coin.
Currently, the most crucial resistance level to break is the one highlighted on the chart. Once we break above this resistance, I believe we could head toward new all-time highs. I'm closely monitoring the chart, and I genuinely think this is a coin you shouldn't miss out on. It's the second-largest Trump-related coin with plenty of potential. The trading volume is already impressive, and whenever Trump talks more about Bitcoin, this coin could rally even higher.
Remember, it's a meme coin, so always do your own research. Investing in these coins is risky, but the potential rewards could be substantial due to the higher risk involved.
That's all for today's update video. If you enjoyed it, don't forget to hit the like button. See you in the next one. Peace out, and goodbye!
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