Politifi memecoin MVP sees growth as 2024 elections approach
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MAGA-themed cryptocurrencies MAGA and MAGA VP tokens surge ahead of the 2024 elections, reflecting significant market gains.
Despite initially showing reluctance towards Bitcoin, Trump decided to enter the world of cryptocurrency by launching a collection of nonfungible token cards, which were quickly snapped up by eager buyers. He unveiled multiple NFT card sets and revealed his intention to create a Bitcoin-themed card featuring quotes from his “Mugshot Edition Series.”
Trump made a substantial profit from selling his Ethereum (ETH), holding on to 340.531 ETH worth just over $1 million and 368.342 wrapped ether (WETH) valued at over $1 million as of February 24, 2024.
Since February, however, the value of Trump’s digital currency portfolio has significantly risen. While many have tried to decipher the new direction in Trump’s crypto investments, a large portion of his crypto wealth comes from his substantial holdings in maga (TRUMP) tokens, totaling 579,281 TRUMP with a value of $2.98 million in TRUMP tokens—a generous contribution from the MAGA ecosystem project’s creators.
Recently, Trump also publicly came forward in support of cryptocurrencies in a night party on Wednesday held in his residence at Mar-a-Lago, trudging the entire crypto train forward. This has led to many investors looking into the MAGA ecosystem, which has been making moves and taking names in the crypto market since February.
Recently, MAGA token shot up by 62.3% in a week and has found itself trending on DEXTools. In a similar fashion, MAGA VP, the Vice Presidential Token, has also shot up by 155.99% in a week, also trending on DEXTools. Out of all the tokens in the MAGA ecosystem, MAGA VP has successfully secured a $15m in market cap and $1.81m in trading volume in its short time in the market since February 10 of this year.
Both MAGA and MAGA VP MVP seem to be promising investment opportunities as their worth is tied to real-time events, i.e., the 2024 elections.
To learn more about MAGA VP, please visit the website.
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