MAGA Coin Surges 20% – Thanks to Elon Musk

Donald Trump themed memecoin, MAGA, just shot up by 20% after a shoutout from elon musk elon musk Elon Musk Is the Co-founder of Tesla, an investor and entrepreneur. He was born on the 28th of June,1971, and is based in Pretoria, South Africa. He graduated from the University of Pennsylvania, earning a bachelor's degree in Arts and physics, and the Wharton School, earning a bachelor's degree in science, and economics. In 2003 Musk founded Tesla, an electric vehicle and clean energy company. Elon Musk is a crypto enthusiast, he has a complex relationship with cryptocurrency. He purchased $1.5 billion in the cryptocurrency. Musk was honored with Axel Springer Award, an award given to innovative people, who build new markets, change markets, and contribute to society. He was also listed on Forbes Billionaire with a total net worth of $2 Billion. NAsales@teslamotors.com EntrepreneurInvestorChief Executive Officer on X. That’s right ! MAGA is trading at $7.08, up by a crazy 20.22% in just 24 hours.

Elon Threw MAGA to the Spotlight

Elon Musk, the man behind Tesla, posted a meme image on X with “Make America Great Again.” He was talking about the US leadership with the elections coming up. And even though he denied backing any candidate before, Musk’s huge donation to a Super PAC supporting Trump made his support pretty clear.

Impact of This Bold Move

Musk narrowly endorsed Trump for president. He posted on X, showing his support for Trump and wishing him a speedy recovery. Even Justin Sun, the founder of Tron, jumped in, saying Trump is the best for the crypto industry.

The whole crypto market went nuts. Bitcoin (BTC), Ethereum (ETH), and other coins saw a nice bump. MAGA’s price shot up more than 50% to $8.27 before cooling off a bit. Even now, MAGA’s value is about 16% lower than its previous high, but still way up from where it was.

Countdown to Biden’s 72 Hours

And here’s another twist-Trump’s rival, Joe Biden, might be dropping out of the race mike novogratz mike novogratz Michael Novogratz is a businessperson and bitcoin blockchain technology, investor. He is the CEO of Galaxy Investment Partners and cryptocurrency investment firm. Initially booked to begin his Galaxy Digital resources Fund on December 15, 2017, he retired plans since he didn't like market conditions. He stated that 20% of his net worth was in bitcoin and Ethereum. He made $250 million from cryptocurrency from 2016-to 2017.    Galaxy digital holding Ltd. is among one of the few cryptocurrency companies needed to publish financial results. In the initial nine months of 2018, the organization lost $136 million in digital currency exchange. In 2017, it contributed $80 million in funding to the technology company Bitfury.    In September 2017, he was listed at # 317 on the Forbes 400 with a net worth of $1.5 billion. He was ranked 962 on the march 2008 Forbes list of world billionaires with a net worth of $102 billion. The same year he became a member of Kappa  Beta Phi, a wall street secret society made up of wealthy financial executives.    He will probably stay occupied with bringing awareness about crypto and blockchain as well as working with worldwide controllers to drive crypto reception among the majority. He said that his New Year's goal for 2022 is to "clear up for the ever-evolving administration in Congress that crypto is moderate." InvestorChief Executive OfficerBoard Member CEO of Galaxy Digital, thinks Biden has no chance in the upcoming elections. Democratic leaders want Biden to step down, and Novogratz predicts it’ll happen in 72 hours. But Biden is sticking to his guns, saying he’s staying in the race.

MAGA Price Prediction for 2024 and Beyond

Looking ahead, if MAGA keeps this momentum and breaks above its moving averages, it could hit targets between $7.12 and $17.48 by the end of 2024. The average price is expected to be around $17.19.
For 2025, things look even better. Technical analysis shows MAGA could go as low as $17.13 and as high as $20.55. The average price might hit $19.49.

Story in a Nutshell!

Elon Musk’s endorsement has given Trump’s MAGA coin a massive boost for sure. This coin is not endorsed or created by Trump, it’s the name that is the reason behind the meme coin’s massive growth. With the upcoming elections and all the buzz, MAGA could be heading to new highs. So, keep your eyes on this memecoin-it might just be the next big thing in the crypto world! Don’t miss out on this rollercoaster ride.

Also Read: Massive Token Unlock Alert: $208 Million Set to Flood the Market