TRUMP/USD (-0.93%)
While the MAGA token isn't directly affiliated with the man himself, it already carries a great deal of weight with Trump supporters. When we also consider the sheer increase in volume that it has recently experienced, it's not out of the realm of possibility that MAGA could soon rise above much of the meme-inspired crypto rabble.
MAGA is listed within the Ethereum blockchain, and it's therefore classified as an ERC-20 token. It should still be noted that (at least for the moment), this token is only meant for entertainment purposes.
A Bit About MAGA
It's not currently known who founded MAGA, although we can assume it was envisioned by individuals who appreciated the potential of marrying a meme token with (arguably) the most popular public figure in the United States. As the reader has likely guessed, this token was directly inspired by the Make America Great Again movement.
MAGA can be purchased with either Ethereum (ETH) or Solana (SOL); also making it rather flexible in terms of newbies who want to get in on the action. The underlying theme of this token (unsurprisingly) mirrors some of the same tenets of the MAGA campaign itself.
Having said this, MAGA is similar to many other memecoins due to its inherently volatile nature. It'ss still important to note that MAGA is one of the few tokens which is now listed in terms of whole dollars as opposed to fractions of a cent.
This seems to hint at its popularity among cryptocurrency enthusiasts, and perhaps even supporters of Trump himself.
Make crypto great (and funny) again with the MAGA coin!CryptoLists.com
This token is rather straightforward thanks to its ERC-20 status; providing users with an easy way to perform transactions. There are currently 47 million tokens in circulating supply, and it can be purchased by downloading the popular MetaMask crypto wallet. Besides these rather straightforward mechanics, MAGA is also rather unique when compared to other memecoins.
It seems that its creators aren't nearly as focused on democratizing the cryptocurrency community as they are with donating a portion of their funds to real-world causes. MAGA has already contributed a great deal to supporting veterans who have fallen upon hard times. This is a nice touch in terms of tangibility, as users can actually see the results of their support. This is also likely one of the reasons why MAGA (TRUMP) is currently the top recommended token on PolitiFi.
Utility of MAGA?
It's apparent that MAGA markets itself to a niche audience; namely those who are avid Trump supporters, and who are just as keen to take advantage of unique investment opportunities.
It's also fair to say that some are mainly concerned with the potential for medium-term profits, while others might instead be focused around its patriotic undertones.
The fact that MAGA is involved with numerous charitable organizations should likewise resonate with the conservative crowd; clearly bucking the ongoing memecoin trend of representing nothing more than short-term (and highly speculative) viral appeal.
MAGA Price details
ETH Contract address: 0x576e2BeD8F7b46D34016198911Cdf9886f78bea7
›› Details & Tokenomics
›› TRUMP tokenomics and social media
Advantages of MAGA
+ A portion of MAGA profits are used to make real-world donations.+ MAGA has enjoyed an incredible amount of popularity in recent times.
+ Its performance is somewhat tied to Trump himself; making it an easier token to track.
+ The current trading volumes are relatively high when compared to other meme tokens.
+ MAGA can be purchased with both ETH and SOL.
Disadvantages
- This token is meant solely for entertainment purposes.- Unpredictable political scenarios may unduly affect its price.
- There is no guarantee that its bullish run will continue into the foreseeable future.
- Its creators have not yet established their long-term goals.
- There is no white paper available that describes in-depth tokenomics.
Costs
▪ Rated at 9/10The creators of MAGA clearly state that users will subject to a 1% transaction fee. This is meant to address ongoing issues such as marketing, liquidity, future development, and (perhaps most importantly), the donations mentioned earlier.
Note that third-party crypto wallets may also charge a slight commission. In the case of MetaMask, traders could pay an additional gas charge of 0.0875% (although this may be covered by the bridge provider). Besides these two concerns, there are no other hidden fees. Bigly!
Reputation and Buzz
▪ Reputation rated at 8.5/10▪ Buzz rated at 10/10
It's a foregone conclusion that the MAGA token has enjoyed a fair amount of exposure since Q1 2024. However, things really began to pick up speed after the recent Trump-Biden debate (with Trump clearly pulling ahead). This caused a jump in both price and volume. Considering that Trump could very well win the 2024 election, some speculate that MAGA may rise to the top of its class during the interim.
To put the relationship between Trump-related news and the price of MAGA in perspective, its price surged a massive 52% immediately following the failed assassination attempt on 13 July. It's a foregone conclusion that MAGA values should continue to remain in bullish territory as long as the Trump campaign keeps up its current trajectory. However, the unpredictable nature of Trump from time to time may also result in significant price swings.
Note that two individuals affiliated with MAGA (Shawn Farash and Steven Steele) host regular Weekly Spaces on X (formerly Twitter) each Tuesday. These are intended to shed additional light upon the token, and the cryptocurrency ecosystem in general.
FAQ
How can I purchase MAGA using ETH?
Assuming that you've downloaded the MetaMask wallet, you'll need to connect to Uniswap. It's then possible to enter the MAGA contact address, and to execute the swap between ETH and MAGA.
What about if I have Solana and want to purchase MAGA?
In this case, you need to install the Phantom app. Solana can be purchased with this software. You'll then once again input the MAGA input address, and select the swap option.
I'm new to the cryptocurrency community. Is there any other help available?
The good news is that the team at MAGA has put together a simple video tutorial that explains how to perform a swap. Head over to their official website and scroll to the bottom of the page.
How can I follow the price of MAGA?
There are many online exchanges which track its real-time value.
History of MAGA
17 September 2023 - MAGA (TRUMP) is officially launched.
23 May 2024 - MAGA experiences a significant price increase after Trump expresses support for cryptocurrencies.
30 May 2024 - MAGA tokens reach an all-time high of 16.98 dollars.
15 July 2024 - Prices increase another 5% following Trump's confirmed pick for Vice President.
Screenshots from MAGA
More sites where to buy/sell/trade MAGA
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
MAGA details and tokenomics
SOL Contract address: HaP8r3ksG76PhQLTqR8FYBeNiQpejcFbQmiHbg787Ut1
BNB.0x4ea98c1999575aaadfb38237dd015c5e773f75a2 Contract address:
