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SirWin
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SirWin

Analysts tout MVP as the best politifi memecoin to invest in 2024

Press Releases
Analysts tout MVP as the best politifi memecoin to invest in 2024

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

MAGA VP (MVP) has gained traction amid uncertainty prevailing across the crypto market. 

Bitcoin is attempting to stay out of the consolidation phase. Ethereum is following the tracks. It is ultimately a politifi meme coin based on Ethereum that is making the most of the current situation. MAGA VP‘s token value is up by 285% in the last 7 days and 823% in the last 30 days – exchanging hands at $0.64 as the article is being drafted.

There are several factors that could have fueled this rise. First on the list is a speech by Donald Trump. He specifically came out in support of the crypto market by saying that he was pro-crypto – also picking an argument that the current government lacked understanding about it. Moreover, Donald Trump said that his supporters, or holders of Trump NFT, could donate to his campaign via cryptocurrency.

MAGA VP has been on the growing path since its launch. It banked an upswing of 300% in April 2024. That was before the speech. It has now triggered a rise of more than 800% in a single month. Future predictions estimate the token to eventually breach the mark of $2.

MVP spots a long-term narrative but the said milestone could come in the next 30 days. That would be a highly optimistic justification for the Fear & Greed Index, which depicts Greed sentiment with 70 points.

MAGA VP’s market cap is now $30 million, aiming to touch the margin of $80 million in the next 30 days. MAGA TRUMP has done this before. It is currently listed at $9.53 with a market cap of $419.44 million.

MAGA VP’s 24-hour trading volume is up by 22.4% for $2.82 million.

This rise is also credited to other factors like willingness to explore diversification options beyond Bitcoin, Ethereum, Dogecoin, and Shiba Inu. These tokens are rallying downwards despite being flagship cryptos in the market. That said, DOGE and SHIB are testing to bridge the gap in their market cap. DOGE is above $23 billion, and SHIB is around $14.7 billion. SHIB intends to dethrone DOGE at the earliest.

MVP’s pace demonstrates that the dynamics could soon change. This means there is a chance that it may dethrone both meme coins. That is a long shot, but the ongoing bullish sentiments have made it safe to craft such a speculation.

The tokenomics and roadmap of MAGA VP are likely to keep the community active and engaged in the ecosystem. 

To learn more about this project, visit the MAGA VP  website or join the community.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.