Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
TrumpCoin (DJT) surged on Wednesday following the news of Donald Trump\u2019s participation in the Bitcoin 2024 Conference. The announcement propelled the token\u2019s price by over 55% while other Trump-inspired memecoins increased by nearly 20%. Related Reading: Drake Loses Bitcoin Bet Following Canada\u2019s Copa America Exit, ARG Fan Token Soars 40% Trump Joins The Bitcoin Conference On July 10, Former US president and Republican candidate Donald J. Trump was officially announced as a keynote speaker at the Bitcoin 2024 Conference. The Bitcoin Conference will occur in Nashville, Tennessee, between the 25th and 27th of July. Crypto-friendly Independent Presidential Candidate Robert F. Kennedy Jr. will also participate in the upcoming event. Moreover, former pro-crypto Republican candidate Vivek Ramaswamy will join the largest Bitcoin conference in the world as a keynote speaker. The CEO of Bitcoin Magazine, the organizer of The Bitcoin Conference, expressed his enthusiasm for Trump\u2019s participation. \u201cJuly 27th we change the course of history,\u201d David Bailey stated in an X post. The news of Trump\u2019s involvement in the event was well-received by many industry figures. However, other industry members and investors questioned Trump\u2019s intentions. \u00a0CryptoQuant\u2019s CEO Ki Young Ju wondered whether the former US president\u2019s efforts were genuine: Is this a strategy to gain votes, or is it a genuine effort to make the United States a Bitcoin nation? Does anyone know? Despite the skepticism, the crypto community seems optimistic about the news, as Trump-inspired tokens soared last night. TrumpCoin And Trump-Inspired Memecoins Soar TrumpCoin\u2019s price quickly reacted to the news, skyrocketing 55%. The token hit the $0.013 resistance level for the first time since June 27, according to DexScreener data. DJT saw a controversial launch nearly a month ago after online reports claimed TrumpCoin was the \u201cofficial\u201d Trump token. As a result, many investors sold most of their Trump-inspired memecoins, making them crash around 30%. \u00a0At the time, Martin Shrekli, also known as \u201cPharma Bro,\u201d claimed that the token was officially related to Trump\u2019s camp. Shrekli stated that Barron Trump, son of the former US president, was closely involved with TrumpCoin. However, it was later revealed that Shrekli was behind the token. Crypto sleuth ZachXBT exposed the scheme on X, uncovering the truth before Shrekli admitted his involvement in an X Space. Since then, DJT\u2019s price has gone on a descending trajectory. The token has seen a 33% decrease in the last two weeks. However, it registers a 10% increase from its price 24 hours ago, currently trading at $0.0086. Related Reading: Football Takeover? Solana-Based Token Skyrockets 350% Following Messi and Ronaldinho\u2019s Promotion Other Trump-inspired memecoins also surged after the news. MAGA (TRUMP) rose from the $5.74 to the $6.54 price range in the following hours. The price action represented a 15% and 39.5% surge in the daily and weekly timeframes. Similarly, MAGA Hat (MAGA) registered a 20% price increase, going from trading at $0.00015 to $0.00018. MAGA\u2019s performance saw a 50% increase from its price a week ago. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":629347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[92741,499,10923,92738,92739,8480,91613,92740,88164,88598,9848,92742,4313],"class_list":["post-629345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-2024-conference","tag-bitcoin-conference","tag-crypto-market","tag-djt","tag-djtusdt","tag-donald-trump","tag-maga","tag-maga-hat","tag-memecoins","tag-robert-f-kennedy-jr","tag-trump","tag-trump-memecoins","tag-us-elections"],"acf":[],"yoast_head":"\n
TrumpCoin Surges 55% After Trump Joins Bitcoin 2024 Conference<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n