New Trump campaign coin goes viral on Solana, funds move to Dogeverse

Last Updated: May 27, 2024 9:51am EDT | 3 minute read

A new currency for the Trump campaign rose today after listing on Uniswap, becoming the latest in a long line of Trump-linked tokens to front the publicity for this year’s US election.

Imaginatively called Boost Trump Campaign (BTC), the new token has gained over 30,000% since yesterday’s listing.

However, the coin has actually fallen by 66% since peaking at $0.0000218 in the early hours of the morning.

Traders may therefore be better off looking at new meme tokens with stronger fundamentals, with the Dogeverse presale suggesting it could be one of the big new launches of the year.

New Trump campaign coin goes viral

Although the Boost Trump campaign coin has fallen since reaching its current high, it’s worth pointing out that its data looks a little more encouraging than what we’ve found with many other junk meme tokens this year.

First, its trading volume has completely declined from the peak mentioned above and currently stands at $15 million.

Source: DEXTools/TradingView

This is pretty good for a token that launched a day ago and has virtually no support or presence, with the coin also having over 2,000 holders at last count.

This is hardly an impressive number, but it is definitely healthier than what we have witnessed with other meme tokens.

The Boost Trump campaign therefore has a better chance of enjoying a rebound in the coming hours and days, although it would be an exaggeration to say that this is likely.

It has received modest attention online, although there is always a big chance that this is coming from stock holders rather than impartial observers who might think the coin has real prospects.

Based on its limited online presence, it may rebound in the short term, but the likelihood remains that, without further listings or strong growth in support, it will sooner or later enter a terminal decline.

Funds move to Dogeverse

Boosting the Trump campaign is one of several Trump-related meme coins on the market right nowand the simple abundance of such coins throws everyone into doubt.

However, they are there most promising and fundamentally strongest meme tokens on the marketwith many of these making pre-sales and gaining momentum as they prepare to list.

At the top of any list of such coins is Dogeverso (DOGEVERSE)a multi-chain cryptocurrency that attracted over $15 million in investments during its pre-sale.

Source: Dogeverse

What’s interesting about Dogeverse is that it will be the market’s first Doge-themed multi-chain cryptocurrency, running on Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Base.

Its existence across multiple networks means it could attract usage and adoption on a much greater scale than it would as a single-chain token.

Therefore, the increased demand it will experience should help drive its price higher over time.

This will find help from the fact that DOGEVERSE is a deflationary meme coin, with its supply limited to 120 million tokens.

On top of that, holders will be able to stake the coin for passive rewards, meaning a large chunk of its supply will not circulate.

Such features have helped Dogeverse raise more than $15 million in just a month or so, with the coin looking poised to do big things.

A sign of its potential also comes from social media, with money boasting more than 22,000 followers on.

New investors can join its token offering by going to the official Dogeverse websitewhere they can purchase DOGEVERSE at the final pre-sale price of $0.00031.

The coin is likely to rise well above this price when it lists in the next month or so, potentially giving early investors a nice profit.

Buy DOGEVERSE today

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

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