Altcoins
Trump Escapes Assassination Attempt, Altcoins Soar!
7:00 p.m. ▪ 3 min read ▪ by Mikaia A.
Altseason seems to be finally showing its face, much to the delight of crypto traders. The recent events surrounding Donald Trump have sent shockwaves through the altcoin market, significantly increasing volumes and prices. Let’s dive into the aftermath of the incident and find out how the crypto scene is reacting to this new dynamic.
Altcoins are soaring
The armed attack on Donald Trump, the man whose wallet is rich in Ethereum (ETH), had Unexpected repercussionsespecially in the altcoin market. Although the attack only slightly injured the former president’s ear, it was enough to provoke A Altcoin prices surge dramatically.
Indeed, crypto investors’ sympathy for Trump, who is known for his pro-crypto stance, has played a crucial role in this rise. The censorship he faced on social media during previous elections has also increased support since Musk took control of X (formerly Twitter).
“Cryptocurrencies have become a haven for those who feel excluded by the traditional system,” says one crypto analyst.
Trump’s Impact on the Crypto World
Trump plans to attend the next Bitcoin conference and makes ambitious statements. His previous pro-crypto speeches continue to galvanize investors against Biden, whose approach to cryptocurrencies has been particularly harsh.
Among Trending AltcoinsPolitFi, a mix of meme coins and fan tokens, stands out. MAGA (TRUMP), for example, saw its price jump 30% and its volume 900% after the attack. Here are some notable stats:
- NEVER SURRENDER TRUMP: +330% increase, market value of $1.3 million;
- Super Trump Coin: +36% increase.
These movements show a Persistent enthusiasm for Trump coinsforeshadowing continued enthusiasm in the crypto scene leading up to the November elections.
In conclusion, the recent fluctuations in altcoins, fueled by the events surrounding Trump, could well mark the beginning start of a new altseasonThe crypto community remains attentive to upcoming political and economic developments.
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Mikaïa A.
The blockchain and crypto revolution is underway! And the day the impacts will be felt on the most vulnerable economy in this World, against all hope, I will say that I had something to do with it
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be considered investment advice. Do your own research before making any investment decision.