The memecoin MAGAA is making heads turn. With the US election close approaching - all eyes are on this Trump based memecoin - Make America Great Again, Again $MAGAA. They are gathering momentum with a...
The memecoin MAGAA is making heads turn. With the US election close approaching - all eyes are on this Trump based memecoin - Make America Great Again, Again $MAGAA. They are gathering momentum with a successful X spaces featuring Trump Jr and Brock Pierce. With a 1% tax to host events, they are the convergence of crypto and the election.
Official Website: https://magaa.io/
Trade MAGAA: https://www.dextools.io/app/en/ether/pair-explorer/0x6d1bf1bad3ad84fec48d8808d752b683cf30c77c?t=1719590716050
00:00 Intro
1:22 What is MAGAA
03:10 Recent Developments
05:39 Recent Price Action
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AI Analysis
MAGAA, a Trump-based memecoin, is currently grabbing significant attention as the US election approaches. This project, which aims to Make America Great Again, Again, is experiencing a massive revival in momentum, particularly due to its direct engagement with political figures and its unique approach to funding conservative initiatives. While highly volatile, it's identified as a key player in the surging trend of election-based cryptocurrencies.
Here's a closer look at what makes MAGAA noteworthy:
* What is MAGAA? * It's a memecoin, clearly pro-Trump, with a website and branding reflecting its political alignment. * The project is identified as an "insane looking" memecoin that has attracted considerable attention, growing almost 80% in the last 24 hours. * It's seen as a response to what the presenter describes as the "overreaching left" and a symbol for bringing "strength back into this world," even though the presenter is not American.
* Why the Current Buzz? * After an initial surge and subsequent drop, MAGAA is experiencing a significant revival, which signals an urgency for attention. * The upcoming US election is a major driver, as election-based coins are predicted to "explode" to unprecedented levels in the coming month. * Regardless of one's political views, the coin is expected to become an "unstoppable topic of discussion" as the election heats up, ensuring it stays on everyone's mind.
* Beyond Just a Meme: Political Engagement and Funding * Unlike many speculative memecoins, MAGAA has actively engaged with prominent political participants. * They've hosted impactful "X spaces" and national events featuring significant figures like Donald Trump Jr., Tucker Carlson, and Brock Pierce. This engagement has legitimized the project beyond mere fantasy. * A core aspect of MAGAA's strategy is its 1% buy and 1% sell tax on transactions. The team's stated objective is to use these funds to "fund the conservative initiative," which includes buying advertising spaces, promoting Donald Trump, donating to his cause, and hosting events. * The team is actively putting "action to their words," with ambitions like putting Trump's head on Times Square, demonstrating tangible efforts to use the generated tax.
* Understanding MAGAA's Price Action * MAGAA's price history shows two distinct "major seasons" of activity, starting in June when election coins first gained popularity. * It initially shot up to around three cents before dropping below a cent, a common pattern for volatile memecoins where momentum isn't constant. * Crucially, recent activity shows a significant increase in trading volume, which the team views as a key indicator of renewed attention and potential. * This surge in volume, especially for an Ethereum-based coin (which tend to be held more than actively traded), combined with an "order block" formation, triggered the team to revisit and highlight MAGAA.
* Outlook and Important Considerations * The "election meta" for memecoins is expected to become "unstoppable" and intensely controversial, leading to widespread discussion. * However, it's critical to understand that this trend has an "expiry timeline." The peak is likely to occur just before and during the election, with a probable recession in price afterward. This is a significant caveat, as the trend will not continue indefinitely. * Despite the risks, MAGAA's long history and strong recent engagement with political figures suggest it has the potential to be a powerful play in the election memecoin trend. * It's important to remember that memecoins are highly volatile and can experience rapid gains and losses. The presenter openly discloses owning MAGAA and other memecoins as part of a diversified portfolio.
Transcript
Alright guys, our research team has made a very huge prediction for what's coming next. Which is that election-based coins are not only going to heat up massively in the next month, but they're going to explode to levels we've never seen before. And they focus one primarily that's exciting them the most, which is MAGA. Make America Great Again. Again. This insane looking meme coin and website, they've been getting a lot of attention. Just look at them in the past 24 hours, they've been growing ...
Alright guys, our research team has made a very huge prediction for what's coming next. Which is that election-based coins are not only going to heat up massively in the next month, but they're going to explode to levels we've never seen before. And they focus one primarily that's exciting them the most, which is MAGA. Make America Great Again. Again. This insane looking meme coin and website, they've been getting a lot of attention. Just look at them in the past 24 hours, they've been growing almost 80%. But what's more interesting is that they've been gaining a lot of momentum. See, initially after it was created, it got a lot of attention. Obviously, this, you know, election-based coins fell off a little bit. But now it's coming out of massive revival. And this is why there's an urgency for this video. And before we start, guys, as with all meme coin videos, these meme coins are highly volatile. They can go up insane amounts and drop. The reason why we make these videos is because we've been noticing this trend massively in this space. But we just want to warn you guys what's happening. I'm definitely not your financial advisor, and this is not financial advice. Let's just take everything at face value right now. So this is the website, and it's extremely pro-Trump. Let's just get that out of the way. Ironically, all right, this is something that you can be surprised. Because I usually don't make political comments on this channel. But I've had enough of the woke left. The far left has just gone, I don't know, crazy. It's so weird. Like, just look at the Paris Olympics. I mean, what is happening to this world? What happened to normalcy? I mean, look, here's the deal with everything, right? I believe that everyone should have their right to speak, right to express what they are. In a way, you know, this is a response. Like, I think something like MAGA is a response to overreaching left. A left that is too caring about what the world should be rather than what the world is. Because if you're constantly thinking about what the world should be, you're not going to contribute to the world in any meaningful way. You're just going to become weaker and weaker and weaker. So, okay, that's my rant. But regardless, our main top reasons for picking it is that, A, I kind of agree that there needs to be strength. Even though I'm not American, but I believe that there needs to be strength back in this world. Second of all, this will become an unstoppable topic of discussion. Whether you agree with MAGA or not, I think we can all agree on the fact everyone will want to talk about this in the coming month. Right before the election, before everything heats up, this is going to be on everyone's mind and people cannot stop talking about it. If you are leaning far left, tell me. Because I'm actually curious on why you lean far left. And also, what coin would you support in that case? I'm actually quite curious and I really want to open this up to this channel as well for that. Now, MAGA actually picked up a lot of action recently and that's because they managed to engage a lot of the actual political participants here. So, rather than just being a pure meme speculative play, they actually got really good discussions on both spaces. They have a national event that featured Donald Trump Jr. and Tucker Carlson. So, you can actually watch that on their Twitter. So, the best way to actually figure out what their recent events are is actually by just looking on their Twitter to find out what's going on. So, yeah. They actually engaged these big shots and started talking about the conversation. So, I guess this is where meme culture and this whole political discussion intertwines. They also had a great spaces that actually featured Donald Trump Jr. and Brock Pierce and engaged in a lot of very famous people. So, this is why all of a sudden MAGA started picking up because it wasn't fantasy anymore, right? This is people legit talking and legit engaging with what's happening with current events. Now, they've also stated that it's their objective to use the taxes generated by MAGA. So, there's actually a 1% tax. It's their intention, of course, to use the buy and sell tax. So, there is a 1% buy and 1% sell tax. And this is to fund the conservative initiative. Buying up spaces, promoting Donald Trump or helping them or donating to their cause and hosting events. I feel this is actually quite exciting because this is actually happening. And they've, you know, kind of put action to their words. I think it's not one of the meme points that just like say, hey, we're going to do this, but then nothing happens. So, kind of exciting is that they're like trying to put Trump's head on Times Square and everything. So, yeah, that's where the interaction actually occurs. This buy and sell tax actually will be used by the team for conservative. Very quickly before we go on, guys, we have a second channel called ChainTLDR. This channel is really there for filling in that airdrop gap. There's a lot of airdrops to talk about. Ron's been researching these hardcore. And previously, we actually talked about these on the channel BoxMiningPlus. But fortunately, for some reason, YouTube banned us. So, you know, no idea what's going on there. But anyways, we kind of restarted on this new channel to post all the content there. And that's like posting content aggressively. So, just make sure you guys check that out. I'll put a link down below as well just to keep you guys updated about what's happening with the channel and everything. So, yeah. Now, it's also very important to look at the price history and the action of what's happening with MAGA. So, I find this part interesting because it started all the way back in June when election coins started to become popular. And you can see that it actually has kind of two major seasons, I would say, in terms of major price action. So, yeah. When it first got started, it went off to ridiculous heights, shooting all the way up to around three cents. And then, of course, it just dropped down, right? Dropped down to less than a cent when all the action kind of, you know, died away. And it's very common with meme coins, right? You cannot always maintain a constant momentum. So, it kind of has two peaks. So, you can see that it picked all the way back in July again to really shoot to its all-time peak here. What's also kind of interesting to note is that even though the price was quite strong at the start, the trading volume wasn't too high. So, if you look at these daily volumes here, you sometimes get a mil or less than a mil. And then, yet again, here, mil or less than a mil. So, what's very interesting is that when we see what's happening in the last few days, the volume is going up. And this is what kind of triggered the whole team. We're like, okay, look, this is quite, you know, established in terms of all the political meme coin metas. But at the same time, not only is it just gaining in price, but it's gaining massively in volume. It's gaining a lot more attention, which is quite important. And this is quite important as well for Ethereum-based ones, right? Because Ethereum-based coins, they're not traded as like heavily people tend to hold them more. So, this is why this kind of recent activity that we see here after the order block formed and this price kind of started pushing upward. This is what kind of triggered our team to say, okay, pay attention to MAGA again. It's got the history. It's got the engagement of the people talk about it. Like, think about, look at all the activity that they've actually hosted for MAGA coin itself. It's like, when I first saw the coin, I did not believe, you know, they can get a discussion like this with Donald Trump Jr., with Tucker Carlson, with this. Like, they've achieved quite a bit. And this is all community grown. So, they have huge, huge ambitions here. And now that the topic itself, of course, is, you know, approaching, I would say, a peak very soon, this can become an unstoppable juggernaut. To wrap this video up, I definitely feel like the election meta for meme coins is going to just heat up like crazy. It's going to be unstoppable. It's going to be extremely controversial. It's going to divide everyone. But, at the same time, it's going to be unstoppable in terms of discussion. So, whether you're leaning to the left, whether you're leaning to the right, it doesn't matter because everyone's going to talk about it. That being said, of course, there is an expiry timeline of this. I feel like there are, you know, one of the limitations of something like this is that it's very likely that just one month before election, everything goes up. During, great, but afterwards, probably the recession goes down. So, you have to be aware that this meme coin, this trend will not be always continuing. So, that's one caveat of something like this going forward. It probably does have an expiry date. But, you know, it is what it is, right? It's an election meta. So, I definitely feel like that's one of the most powerful plays here, especially because they have a long history. And their strong recent engagement means that they have the potential to really go big on this whole election meta. So, I'm definitely going to follow what's going to happen. So, guys, I would love to hear what you think about these memes as well. This video is really for you guys there. So, you know, we spotted this trend. And, yeah, we are pretty into it. So, full disclosure ahead, I do own Maga coins, etc. And I do own a lot of meme coins. So, going forward. But, that being said, it's not my only part of my portfolio. I do have a very balanced portfolio. And we'll take a deeper dive into that in future videos as well. And with that, guys, thank you guys so much for watching this video. See you in the next one.