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Memecoins

Dogecoin to Pepe: What’s Driving the Price Rise and the Best Memecoins, Explained

TokenTalk Staff

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Dogecoin to Pepe: What's Driving the Price Rise and the Best Memecoins, Explained

Memecoins are a type of cryptocurrency that originated from memes or jokes on the Internet. Unlike other well-known cryptocurrencies such as Bitcoin and Ether, which were created with specific financial goals or technological designs, memecoins often start as jokes or social experiments. Some of the most speculative cryptocurrencies introduced in recent years trade at recordswhich makes jokes expensive: the total market value of all memecoins is over $50 billion.

At the center of every memecoin is a famous Internet joke or meme. For the original memecoin, Dogecoin, it is a photo of a Shiba Inu dog. For newcomers dogwifhat and Pepe, they’re literally a dog wearing a hat and a green anthropomorphic frog, respectively. The technology behind each memecoin varies. Dogecoin, for example, is an open-source peer-to-peer digital currency built on its own “blockchain,” which is a public ledger of ownership and transaction activity. Other memecoins are built on popular blockchains like Ethereum or Solana. For unknown reasons, dogs have always been the most popular theme choice for memecoin creators, who are usually anonymous crypto developers.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Memecoins

TRUMP and MAGA coins explode after former president shot at rally

TokenTalk Staff

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TRUMP, STRUMP, MAGA, MVP: How meme coins reacted after shooting at Ex-President’s rally

Several meme tokens saw double-digit increases in value after assassination attempt on former US president Donald Trump.

Trump injured in Pennsylvania shooting

The meme coin market has seen significant gains in Trump-related tokens. The dramatic price movements come on the heels of the recent filming incident in Pennsylvania involving Trump.

His campaign team confirmed that the Republican presidential candidate is “doing well” despite the attack that pierced the upper part of his right ear.

Authorities also confirmed that at least two people, including the shooter, were killed. Others were reportedly injured.

However, as is often the case, the cryptocurrency market reacted to the news, with several Meme Coins playing on the name of Trump and his Make America Great Again (MAGA) movement which is experiencing double-digit growth.

MAGA soars 58%

Among the biggest gainers after the incident was MAGA coin (TRUMP), which at the time of writing was up nearly 58% and trading at $9.88 per coin.

MAGA 24-Hour Price Chart | Source: CoinGecko

The token’s market cap stands at $450,128,557, with a fully diluted valuation of $446,326,440. Its 24-hour trading volume is equally remarkable, reaching $37,436,858.

The price increase is evident over several other time periods. Over seven days, MAGA’s value has increased by 57.3%, while it has increased by 38% over the past fortnight. However, it is still about 24% lower than a month ago.

Super Trump jumps 51%

Another Trump-themed meme coin that has turned green following the Pennsylvania incident is Super Trump (STRUMP). The meme coin is currently up 51.2% and trading at $0.01296. Key indicators include:

  • BTC Value: 0.062151 BTC, up 45.6%
  • ETH Value: 0.054031 ETH, up 47.5%
  • 24h Price Range: $0.008571 – $0.01308

TRUMP, STRUMP, MAGA, MVP: How memes reacted to shooting at ex-president's rally - 2Super Trump 24-Hour Price Chart | Source: CoinGecko

The cryptocurrency has a market cap of $30,624,792 and its fully diluted valuation matches this figure. Its 24-hour trading volume is $4,131,626 and the circulating supply is 2,339,600,235.

Those who held the coin for at least seven days saw its value increase by 50%, while over two weeks the price improvement is significantly less at 4.3%.

However, over the past 30 days, the current price of STRUMP has remained in the red, almost 30% lower than its level a month ago.

MAGA Hats Up 35%

The MAGA Hat (MAGA) token also saw a significant increase of 35.7%, thanks to increased investor interest following the Trump shooting. Its price is now $0.0002451.

TRUMP, STRUMP, MAGA, MVP: How memes reacted to shooting at ex-president's rally - 3MAGA Hat 24-Hour Price Chart | Source: CoinGecko

With a market cap of $96,248,672 and a fully diluted valuation of $96,964,134, MAGA’s trading volume over the past 24 hours reached an extraordinary $100,043,133 as the frenzy following Trump’s shooting continued unabated.

Its circulating supply is also substantial, standing at 410,290,333,126, which almost matches its total and maximum supply figures.

MAGA’s VP Increases 6.5%

Finally, the MAGA VP (MVP) meme coin saw a more modest 6.5% increase and is now trading at $0.2585. Details include:

  • BTC value: 0.054232 BTC, up 1.8%
  • ETH Value: 0.00007933 ETH, up 3.2%
  • 24-hour price range: $0.2313 – $0.2651

TRUMP, STRUMP, MAGA, MVP: How memes reacted to shooting at ex-president's rally - 4MAGA VP 24-hour price chart | Source: CoinGecko

The coin’s market cap has increased to $11,334,535 and its fully diluted valuation now stands at $12,113,003.

The price surge was accompanied by a 24-hour trading volume of $1,499,933, pushing the circulating supply of the MVP token to 44,447,310 out of a total supply of 47.5 million.

MVP’s value has increased by 0.7% over seven days, while over two weeks it is a more respectable 8.5%.

However, like the other meme coins above, MVP’s 30-day price change is negative, being 26.3% lower than previous levels despite the prevailing political climate.

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Memecoins

Trump survives assassination attempt

TokenTalk Staff

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Trump survives assassination attempt
  • Former US President Donald Trump survives assassination attempt.
  • Trump-themed memecoin Maga surges 40.81%.

The American political scene is increasingly confused four months before the election. Former President Donald Trump has been the favorite of many to take over the presidency for months. Unfortunately, his campaign was marred by violence on July 14, when an individual attempted suicide.

The former president was shot at during a political rally in Pennsylvania. Gunshots were heard and gunfire erupted as he addressed supporters.

Fortunately, the secret service responded quickly and got him out of the scene. After the incident, he was seen covered in blood on his left ear and head.

These events have sparked mixed reactions from politicians and the crypto community. For example, crypto analysts and traders Michael van de Poppe reacted to the news linking politics and crypto. On page x, he stated that,

“Trump raised his fist after an assassination attempt on him. The world is falling apart. As of today, #Bitcoin has become a political statement, most likely.”

Trump MAGA memecoin soars

Likewise, cryptocurrency markets reacted immediately after the incident.

For starters, Trump-themed meme coin MAGA surged 40.81% on daily charts following the assassination attempt.

MAGA’s trading volume surged 835.01% over the same period to $39 million. At the time of writing, MAGA was trading at $8.76 with a 40% increase in market cap to $385 million, according to Coinmarketcap.

Source: Coinmarketcap

Trump’s Pro-Crypto Campaign

Although he has long been critical of cryptocurrencies, Trump has changed his tune to become the first pro-cryptocurrency presidential candidate in the United States. During his time in the White House, he has shared serious criticism of cryptocurrencies, claiming that the dollar is the only global currency.

However, with the increase in crypto voters, Trump changed his stance and started accepting crypto donations for his campaign.

In his latest remarks, he claimed that Bitcoin should be a strategic reserve asset while promoting Bitcoin mining only in the United States. Therefore, a Trump election victory would make him the first US president to be pro-cryptocurrency.

The failed assassination attempt has increased Trump’s chances of winning the election. The United States will have the first pro-crypto president if the political scene remains unchanged.

According to the investor Wclemente IIITrump’s chances are increasing. He shared this on his X page, stating that,

“Trump’s odds of winning in November are skyrocketing in prediction markets.”

Source: X

Trump criticizes US anti-crypto laws

On the contrary, the Biden administration has ignored calls from the crypto community by stepping up prosecutions of crypto companies by the SEC.

Trump used this indifference as leverage and promised to end “Biden’s hatred of crypto.”

Over the past three months, he has expressed concerns about the current administration regarding crypto, making him a vocal critic of Biden’s crypto policies.

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Memecoins

TREMP price doubles after Donald Trump shooting

TokenTalk Staff

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Donald Trump-Related Meme Coins Skyrocket After Shooting Incident

Former US President Donald Trump was the victim of a dramatic assassination attempt at a campaign event in Pennsylvania on Saturday.

While reports indicate that Secret Service agents quickly evacuated Trump from the venue, the incident has sparked an outcry among the public, including within the crypto community.

Trump-Linked Coins Surge After Attack

Trump’s rally in Butler suddenly descended into chaos after the presumptive Republican nominee was shot in the back of the head, a bullet piercing the upper part of his right ear, causing significant bleeding. Amid the chaos, Secret Service agents rushed to Trump’s aid, escorting him off the stage and transporting him to a local medical facility.

Despite the gravity of the situation, Trump managed to raise his fist in defiance to the crowd as he was led to his motorcade. The incident resulted in the deaths of one rallygoer and the suspected shooter, and two other spectators were seriously injured.

Learn more: 7 Popular Coins and Altcoins in 2024

After the assassination attempt, Trump spokesman Steven Cheung, confirmed Trump is “doing well” and is being examined. Trump also took to his Truth Social page to express his gratitude to the U.S. Secret Service and all law enforcement agencies for their quick response.

“I would especially like to express my condolences to the family of the person who was killed at the rally, as well as to the family of another person who was seriously injured. It is unbelievable that such an act could take place in our country. […] I knew immediately that something was wrong, I heard a whistle, gunshots, and I immediately felt the bullet tear the skin. There was a lot of bleeding, so I knew what was happening. God bless America! declared.

The attack on Trump has sparked strong reactions from public figures. Tesla and SpaceX CEO Elon Musk has publicly Express his support for Trump. Musk said he hoped for the former president’s speedy recovery.

President Joe Biden too replied He condemned the violence as “unhealthy” and expressed gratitude for Trump’s swift evacuation.

Interestingly, the cryptocurrency market reacted to the attempted assassination of Trump. Trump-Linked Coins See Remarkable Surge in their value.

For example, the MAGA (TRUMP) meme currency has skyrocketed from $6.31 to $9.68 before stabilizing at $7.90. Similarly, the meme currency Doland Tremp (TREMP) saw a significant increase, doubling its value from $0.38 to $0.76.

MAGA Price Performance. Source: Be in crypto

Trump’s changing stance on cryptocurrencies sparks debate

Trump’s candidacy for the upcoming November elections has has garnered considerable attention from the crypto communityThis is largely due to his recent support for the industry. Data from market prediction platform Polymarket indicates that Trump’s chances of winning have increased to 70%, while Biden’s are only 16%.

Learn more: How can blockchain be used for voting in 2024?

Trump leads election forecasts.Trump leads election forecasts. Source: Polymarket

However, it is important to note that Trump’s Stance on Cryptocurrencies has evolved over time. BeInCrypto reported that in July 2019, Trump Openly Criticized Bitcoin and other digital currencies, labeling them as “not money” and emphasizing their volatilityThis raises questions about his sincerity and the potential policy changes that could result.

In a recent blog post, Arthur Hayes, founder of cryptocurrency exchange BitMEX, Free a critical perspective on Trump’s changing position. Hayes suggested that Trump’s new support is politically motivatedaimed at attracting the young, politically active and financially influential crypto voter base in key states.

Disclaimer

In accordance with the Trust Project In accordance with its guidelines, BeInCrypto is committed to providing unbiased and transparent information. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decision based on this content. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.

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Memecoins

Shiba Inu leads market gain with 6.4% gain

TokenTalk Staff

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Meme coins bounce back: Shiba Inu leads market surge with 6.4% gain

Several large-cap meme coins, including Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) have recorded increases over the past 24 hours.

Data from cryptocurrency price tracking website CoinGecko watch that the value of the overall meme coin market is up 2.4% to $44.75 billion.

Shiba Inu was one of the main drivers of this improvement, registering a 6.4% increase over 24 hours.

At that time, the price of the meme currency was fluctuating between $0.00001596 and $0.0000171 and currently stands at $0.00001698. This increase was accompanied by a 24-hour trading volume of $217.8 million.

Shiba Inu 24-hour price chart | Source: CoinGecko

The Shiba Inu price is also up almost 7% over the past week, despite having lost 0.8% of its value over the previous fortnight. The news has also been equally bleak over the past 30 days, with the SHIB price falling almost 21% over that period.

Another notable artist among Meme Coins in the last 24 hours it’s Brett (BRETT), up 5.1% at the time of writing.

Coins Rebound: Shiba Inu Leads Market Rise With 6.4% Gain - 2Brett 24-hour price chart | Source: CoinGecko

Ranked 72nd in market cap among all cryptocurrencies and 7th among meme coins, Brett has had a torrid month, losing over 22% of its value.

Interestingly, the fall began shortly after the meme coin hit its all-time high (ATH) price of $0.1933 on June 9. It remained largely above the $0.15 level until July 4, when it slid all the way to $0.1079.

Its current price is still 40% below its ATH, although it is 13,564% higher than its all-time low price from earlier this year.

Dog with hat (Wireless) and Pepe have also increased by 4% in the last 24 hours. Like the other meme coins mentioned in this article, WIF and PEPE have had a rough 30 days, with WIF’s price dropping by 36.8% and PEPE’s by 30% during that time.

Coins Rebound: Shiba Inu Leads Market Rise With 6.4% Gain - 3Pepe 24-hour price chart | Source: CoinGecko

Over the past seven days, WIF has lost 19.2% of its value, while PEPE has fallen 4.5%. Both have underperformed the global cryptocurrency market, which is up 2.6%.

According to CoinGecko, PEPE has also underperformed similar companies Ethereum cryptocurrencies in the ecosystem, which are up 12.70%.

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