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MAGA Team Reveals Faces at Bitcoin Conference in Nashville – Token Up 18.31%
The team behind one of the popular Donald-themed tokens called MAGA revealed their faces at the Bitcoin 2024 conference in Nashville. This is the first time a meme coin team has shown their faces to the world. Let’s explore what this means for the MAGA token and investors.
Hidden faces behind meme coins
There are hundreds of thousands of meme projects in the market, but none of them have dared to show their true face. There are some projects that show their team names on their website, but without any images or links to their social media. It is no wonder that meme projects do not want to reveal their true identity, because a meme project can be buried at any time. There have been many meme projects that have gained huge hype and made millions and billions, but they do not want to show themselves. Knowing the team behind a cryptocurrency project is one of the main indicators in DYOR that the community has trust in it.
MAGA reveals the team
On the first day of the Nashville Bitcoin Conference 2024, a group photo of the MAGA team was posted on Twitter by Diligent Denizen, the brand director of the MAGA project. With the caption “$MAGA has officially taken over Nashville,” they invited the community to meet them.
Looking at this tweet, we wanted to know if they have updated the information on the website and to our surprise, they did. We are sure that this tweet caught the attention of the community because we saw a spike in the price of the token immediately after.
MAGA on the go
As Diligent’s tweet showing the MAGA team started to gain more attention, the price of this token also saw a surge. The price of the MAGA token increased by 18.31% after the team’s disclosure. The MAGA token was trading at $0.0001251 before the tweet and within a few hours it reached $0.0001481. The number of holders of this token reached 20,265.
What to expect?
Experts believe that a crypto token with a disclosed team has a higher chance of success for two main reasons:
1- The community gains more confidence because they now know who is behind this project.
2- The team is scared because now if they do something wrong people know who they are.
And in the online world, once you know someone, you can find them anywhere. By revealing their faces, the MAGA team made one thing clear: they have no intention of becoming bad actors with this project. They are at the Nashville conference and Donald will be there. Let’s see if the MAGA team gets Donald Trump’s support, which will skyrocket the price of this project. Even if the Political Coins are very tempting, this is not financial advice and this article is for educational purposes only. Make your financial decisions based on your DYOR.