Memecoins soar as Trump endorses crypto, TRUMP coin leads with 83% surge

Following Donald Trump’s endorsement of crypto for his potential subsequent time period, the TRUMP meme coin surges 83%, whereas different meme cash like Sealana and WienerAI additionally present promising positive factors.

TRUMP, a meme coin paying homage to Former U.S. President Donald Trump, has soared as we speak. The transfer comes amid a broader memecoin rally, and newly launched tasks Sealana and WienerAI are additionally gaining tempo.

Donald Trump backs crypto, TRUMP coin worth surges

The previous U.S. president says he’ll embrace crypto in his subsequent presidential time period. “Crypto is transferring out of the U.S. due to hostility towards it. I don’t need that. If we’re going to embrace it, we must allow them to be right here,” he stated in a current rally.

Resultantly, the TRUMP worth has soared 83% this week, making it the second best-performing high 100 crypto. Nonetheless, the highest performer is one other Trump-themed crypto, albeit with a notably smaller market cap.

At present, TRUMP is buying and selling at $8.39, up 18% as we speak, 83% this week, and 74% this month. It holds a $369 million market cap and a $20 million 24-hour buying and selling quantity, up 67%.

Certainly, the token’s affiliation with Donald Trump forges a polarizing narrative, with worldwide market contributors now capable of present help through the token.

The venture’s X account is leaning into this, lately saying that Trump’s ongoing presidential marketing campaign rallies will probably be “greater, higher, and stronger than ever earlier than.”

In the meantime, analysts are alluding to TRUMP’s political affiliation, and anticipate that it’s bullish for its worth. As an example, trippaflipp.eth underscores the venture’s “meta” of Donald Trump and in addition showcases its current worth motion energy, forecasting an upcoming pump which is “going to be monumental.”

In the meantime, TheEuroSniper additionally nods to the token’s politician fixation, saying, “Vote TRUMP for positive factors.” The analyst additionally cites its worth chart and highlights that it has lately begun to make greater highs and better lows following a pullback. This means the following leg up could also be on the horizon.

TRUMP has taken heart stage within the meme coin circuit this week, however different tasks are additionally vying for memetic stardom. With that in thoughts, let’s take a look at different contenders that would carry out effectively.

Sealana

Solana presales have fared one of the profitable memecoin narratives in current months, and Sealana is the newest rendition. Having raised over $700K to date, this foul-mouth, South Park-inspired seal is putting a chord with memecoin degens.

Whereas Sealana was as soon as a water-dwelling mammal, he swapped that life to chase memecoin riches and now resides in his mother’s basement, munching on canned tuna and chips whereas grinding DEXScreener for 18-19 hours per day.

The hilarious backstory completely encapsulates the rags-to-riches beliefs of degen memecoin tradition, making Sealana certainly one of crypto’s hottest prospects. Sealana additionally lately launched on Ethereum, presenting much more potential for on-chain liquidity and neighborhood progress.

Prime analysts are bullish on the venture, with some saying it has 10x potential. The Sealana presale stays ongoing, however with no predetermined onerous cap, merchants should act quick or danger lacking out.

To study extra about this venture, go to the Sealana presale.

WienerAI

One other venture displaying immense potential is WienerAI, an AI-meme coin crossbreed that’s exploding in its presale. Having raised $1.7 million to date, there’s little doubt that sensible cash is transferring in and securing its share of tokens.

Nonetheless, WienerAI’s playful sausage canine facade can also be attracting the lots. However underneath this memecoin exterior lies a cutting-edge set of AI algorithms that ship predictive, immediate, noob-friendly, and MEV-resistant commerce execution.

As such, WienerAI is positioned on the intersection of crypto’s two largest tendencies, and that’s mirrored in its immense early success. Along with its spectacular complete elevate, main analysts favor the brand new venture. As an example, Michael Wrubel dubbed it the “high AI meme coin for 2024.”

At present, traders can purchase the WienerAI presale for $0.000706, however this worth will incrementally rise all through the marketing campaign, with the following uptick in two hours.

To study extra concerning the venture, go to the WienerAI presale.