{"id":629345,"date":"2024-07-12T03:30:38","date_gmt":"2024-07-12T03:30:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=629345"},"modified":"2024-07-11T18:31:07","modified_gmt":"2024-07-11T18:31:07","slug":"trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/","title":{"rendered":"TrumpCoin (DJT) Surges 55% After News Of Trump\u2019s Participation In Bitcoin 2024 Conference"},"content":{"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%.<\/p>\n

Related Reading: Drake Loses Bitcoin Bet Following Canada\u2019s Copa America Exit, ARG Fan Token Soars 40%<\/a><\/div>\n

Trump Joins The Bitcoin Conference<\/h2>\n

On July 10, Former US president and Republican candidate Donald J. Trump was officially announced as a keynote speaker at the Bitcoin<\/a> 2024 Conference. The Bitcoin Conference will occur in Nashville, Tennessee, between the 25th and 27th of July.<\/p>\n

\"TrumpCoin\"
Donald Trump is announced as a keynote speaker at the Bitcoin 2024 Conference. Source: The Bitcoin Conference on X<\/a><\/figcaption><\/figure>\n

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.<\/p>\n

The CEO of Bitcoin Magazine, the organizer of The Bitcoin Conference, expressed<\/a> his enthusiasm for Trump\u2019s participation. \u201cJuly 27th we change the course of history,\u201d David Bailey stated in an X post.<\/p>\n

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<\/a> whether the former US president\u2019s efforts were genuine:<\/p>\n

\n

Is this a strategy to gain votes, or is it a genuine effort to make the United States a Bitcoin nation? Does anyone know?<\/p>\n<\/blockquote>\n

Despite the skepticism, the crypto community seems optimistic about the news, as Trump-inspired tokens soared last night.<\/p>\n

TrumpCoin And Trump-Inspired Memecoins Soar<\/h2>\n

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.<\/p>\n

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<\/a> around 30%.<\/p>\n

\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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Related Reading: Football Takeover? Solana-Based Token Skyrockets 350% Following Messi and Ronaldinho\u2019s Promotion<\/a><\/div>\n

Other Trump-inspired memecoins<\/a> 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.<\/p>\n

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.<\/p>\n

\"TrumpCoin\"
TrumpCoin (DJT) performance in the three-day chart. Source: DJTUSDT on TradingView<\/a><\/figcaption><\/figure>\n
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":"\nTrumpCoin Surges 55% After Trump Joins Bitcoin 2024 Conference<\/title>\n<meta name=\"description\" content=\"Former US president Donald Trump was announced as a keynote speaker at the Bitcoin 2024 Conference, TrumpCoin soared 55% following the news.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TrumpCoin Surges 55% After Trump Joins Bitcoin 2024 Conference\" \/>\n<meta property=\"og:description\" content=\"Former US president Donald Trump was announced as a keynote speaker at the Bitcoin 2024 Conference, TrumpCoin soared 55% following the news.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-12T03:30:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-11T18:31:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/ben-white-9cvYePOAyKc-unsplash.jpg?fit=1920%2C1282\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1282\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rubmar Garcia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rubmar Garcia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/\"},\"author\":{\"name\":\"Rubmar Garcia\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/515c0d5d0d7854aee877d0932fe88471\"},\"headline\":\"TrumpCoin (DJT) Surges 55% After News Of Trump\u2019s Participation In Bitcoin 2024 Conference\",\"datePublished\":\"2024-07-12T03:30:38+00:00\",\"dateModified\":\"2024-07-11T18:31:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/\"},\"wordCount\":544,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/ben-white-9cvYePOAyKc-unsplash.jpg?fit=1920%2C1282\",\"keywords\":[\"Bitcoin 2024 Conference\",\"bitcoin conference\",\"crypto market\",\"DJT\",\"DJTUSDT\",\"Donald Trump\",\"MAGA\",\"Maga hat\",\"memecoins\",\"Robert F. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.","url":"https:\/\/uniquehot.com\/author\/rubmargarcia\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TrumpCoin (DJT) Surges 55% After News Of Trump\u2019s Participation In Bitcoin 2024 Conference","url":"http:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/ben-white-9cvYePOAyKc-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/ben-white-9cvYePOAyKc-unsplash.jpg?fit=1920%2C1282"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Rubmar Garcia"}],"creator":["Rubmar Garcia"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin 2024 conference","bitcoin conference","crypto market","djt","djtusdt","donald trump","maga","maga hat","memecoins","robert f. kennedy jr","trump","trump memecoins","us elections"],"dateCreated":"2024-07-12T03:30:38Z","datePublished":"2024-07-12T03:30:38Z","dateModified":"2024-07-12T03:30:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TrumpCoin (DJT) Surges 55% After News Of Trump\\u2019s Participation In Bitcoin 2024 Conference\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/trumpcoin-djt-surges-55-after-news-of-trumps-participation-in-bitcoin-2024-conference\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/ben-white-9cvYePOAyKc-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/ben-white-9cvYePOAyKc-unsplash.jpg?fit=1920%2C1282\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Rubmar Garcia\"}],\"creator\":[\"Rubmar Garcia\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin 2024 conference\",\"bitcoin conference\",\"crypto market\",\"djt\",\"djtusdt\",\"donald trump\",\"maga\",\"maga hat\",\"memecoins\",\"robert f. kennedy jr\",\"trump\",\"trump memecoins\",\"us elections\"],\"dateCreated\":\"2024-07-12T03:30:38Z\",\"datePublished\":\"2024-07-12T03:30:38Z\",\"dateModified\":\"2024-07-12T03:30:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/ben-white-9cvYePOAyKc-unsplash.jpg?fit=1920%2C1282","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629345"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/614"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=629345"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/629347"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=629345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=629345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=629345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}