These Meme Coins Pumps Following Donald Trump’s Comments on Crypto

Following this declaration by Donald Trump, two popular meme currencies saw double-digit increases in value.

 

 

Key Takeaways:

 

• Reversing his earlier scepticism, Donald Trump now supports cryptocurrencies, positioning himself as the pro-crypto candidate against Joe Biden, who he says is against the sector.
• The value of the Joe Biden-related meme coin BODEN increased by 40%, while the value of the Trump-related meme coin MAGA increased by 60%.

 

 

 

 

MAGA Flash Green and BODEN

 

The leading presidential contenders in the United States have begun exchanging insults and personal attacks in the weeks leading up to the upcoming elections. Donald Trump, the Republican nominee, sparked the most recent dispute.

 

I find it interesting that he brought up cryptocurrency, saying that Joe Biden and his cabinet members are against the industry. But Trump has made it clear that he is the best option for asset class advocates:

 

“I’m fine with it. I want to make sure it’s good and solid and everything else. But I’m good with it. And if you like crypto in any form (and it comes in many different forms), if you are in favor of crypto, you better vote for Trump.”

 

 

The tech mogul was also questioned about his thoughts on the meme coin BODEN, which features President Joe Biden and has amassed a market valuation of $250 million. To which Trump responded, “that’s a lot of money for a coin,” before going on to say that he had no interest in investing in cryptocurrency.

 

In spite of his disapproval, BODEN’s price has increased significantly during the last several hours. According to CoinGecko’s data, it experienced a 40% rise, reaching a peak of $0.42 before settling back down to its current level of $0.35.

 

 

Even more astoundingly, the meme coin known as MAGA (an acronym for Trump’s campaign slogan, “Make America Great Again”) has experienced an explosion in value. For a moment, its price surged 60%, passing the $7 barrier.

 

 

 

 

 

 

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 U-Turn of Trump

 

It should be noted that Donald Trump has not exactly been a staunch advocate for the bitcoin industry in the past. He previously referred to Bitcoin (BTC) as “a scam” and expressed his disapproval of the cryptocurrency, saying, “it’s another currency competing against the dollar.” In an effort to soften his stance, he has stated that he can “live” with the digital asset:

 

“You probably have to do some regulation, as you know. But many people are embracing it, and more and more, I’m seeing people wanting to pay “bitcoin,” and you’re seeing something that’s interesting. So, I can live with it one way or the other.

 

 

Even Trump released some digital artwork featuring himself in a superhero suit, jumping on the NFT bandwagon. In the months after the American’s interview with Tucker Carlson and subsequent arrest in April of last year, the non-fungible coins’ value soared, according to CryptoPotato.

 

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How to Trade Crypto Futures on BTCC?

 

 

Now you can trade BTC on  BTCC. BTCC supports a diverse selection of cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets.

 

1. Register an Account

 

Join BTCC now and get up to 10,055 USDT when you deposit and trade. Click the button below to sign up now.

 

 

2. Deposit Funds

 

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

 

 

How to Buy Tether USDT Guide

 

 

 

 

3.How to Trade BTC?

 

Here are the steps to trade BTC on BTCC

 

1) First, tap “Futures” on the website homepage

 

 

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

 

 

 

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

 

 

 

 

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

 

 

 

5) Then select your order type, and choose your leverage.

 

 

 

 

If you choose Limit or SL/TP order, you will need to enter your order price here.

 

 

 

Enter the quantity or choose the percentage under the quantity field.

 

 

 

 

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

 

 

 

 

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.