Hahahaha, the world of cryptocurrency is really magical

[shanhaigamefi]

After Donald Trump met with holders of his NFT collection Wednesday, meme coins caricaturing him and rival Joe Biden surged overnight.
MAGA current price is $6.08,the trading volume increased by 406.20% compared with the day before.

[AVE5]

After Donald Trump met with holders of his NFT collection Wednesday, meme coins caricaturing him and rival Joe Biden surged overnight.
MAGA current price is $6.08,the trading volume increased by 406.20% compared with the day before.

A thread talking about Donald Trumps having influence in the crypto markets trended in the forum but can't get reach to it now for reference, the Op of the thread said there could be some sensibilities that Donald Trumps has an impact on some of the coins that when Donald Trumps is being criticized, the coin values would be affected but when he's being hailed, so the coin values increase too.
I'm not a US base or a westerner and I can't fully come in for this.

So right to you Op, do you think politics or individual factors such as the Donald Trumps and the Joe Biden could conceal to influence the Crypto markets?

[The Hidebehinder]

It's 5.36 for me
https://www.coingecko.com/en/coins/maga

I don't know how to link a chart but seems like the coin is full of pumps and dumps, zooming back it has touched over 10  in March and has a few spikes with more than 60% price differences, really low depth and small volume, interesting to bet a few cents on it in case Trump wins but I would pull every $ out of it one day after the election!

[Moreno233]

After Donald Trump met with holders of his NFT collection Wednesday, meme coins caricaturing him and rival Joe Biden surged overnight.

Enjoy this why it last but don't forget to understand it is a memecoin that can die any day. So try as much as you can not to invest what you cannot afford to lose into such coins. I have read terrible stories by coins that are so hyped and manipulated and it will be terrible for someone that is active in this forum to still fall victim for such after going through the amount of information shared in this forum. Just be careful out there and know when to run because such coins does not have longevity.

MAGA current price is $6.08,the trading volume increased by 406.20% compared with the day before.

The volume can be manipulated in exchanges (wash trading), so I will not judge by the volume. I cannot say this one is, I am just stating the fact that it is possible to be manipulated. A lot of funny things happens in cryptocurrency that requires one to question everything and believe just few things.

[letteredhub]

After Donald Trump met with holders of his NFT collection Wednesday, meme coins caricaturing him and rival Joe Biden surged overnight.

Enjoy this why it last but don't forget to understand it is a memecoin that can die any day. So try as much as you can not to invest what you cannot afford to lose into such coins. I have read terrible stories by coins that are so hyped and manipulated and it will be terrible for someone that is active in this forum to still fall victim for such after going through the amount of information shared in this forum. Just be careful out there and know when to run because such coins does not have longevity.

There are huge chances that after the US election which is the generator of this euphoria that is producing this influence this two figures are currently having on the cryptocurrency space, after the election is done with, we probably not be hearing about anything positive regarding this memecoins that are affiliated to them. Wisdom is that shit coin will always be a shit coin so risking what one can afford to lose shouldn't be undermined.

[blckhawk]

That's the power of influencers, you can do anything you want and you would that you've got some effect to someone out there, they probably don't even know about this tokens/altcoins and NFTs that you and a lot of people involved in the cryptocurrency market are talking about. Careful with memecoins that are hitching on the popularity of a celebrity because you don't want to be on the receiving end and the stuff that you would get is just meme coins that, people wouldn't want to burden themselves of something that has the potential from them be left with nothing.

[SamReomo]

After Donald Trump met with holders of his NFT collection Wednesday, meme coins caricaturing him and rival Joe Biden surged overnight.

Crypto world isn't magical but the big names with a lot of money have the power to create changes in the market especially in that of meme market.

We all know that meme market is full of rug pulls and scammers, and during such times those rug pullers find it as opportunity to rug money out of the ones who're new to the market or who are greedy.

If you get involved in Solana memes then you'll understand that there are so many rug pullers who have partied with other ruggers to steal the money out of pockets of newbies.

It's always better to be careful when investing in meme coins because 99% of those are rug pulls and it's hard to know which one will rug your money.

[Riginac111]

That's the power of influencers, you can do anything you want and you would that you've got some effect to someone out there, they probably don't even know about this tokens/altcoins and NFTs that you and a lot of people involved in the cryptocurrency market are talking about. Careful with memecoins that are hitching on the popularity of a celebrity because you don't want to be on the receiving end and the stuff that you would get is just meme coins that, people wouldn't want to burden themselves of something that has the potential from them be left with nothing.

it is because of how cryptocurrency started because from initial many people was avoiding cryptocurrency and there was calling different kind of names to Bitcoin in particular saying that bitcoin is a scam Project but today many people is into it based on the good way and the good news bitcoin have shown to people right now many companies and individuals are coming into cryptocurrency investment so that is why cryptocurrency look as if it is a magical through influence so it is social media that they made Bitcoin what it is today

[dansus021]

Oh believe me frennn the world of cryptocurrency is really magical and I believe you memecoin basically like the fed/central bank printing money people belive in it and people just buy and the price become high.

In crypto world everything is magical out of thin air and you can made 1000% in a day or lose it all in just a minute. 

[decodx]

Meme coins are different from other crypto projects with clear real-world uses.  They mainly depend on hype rather than utility.  This makes it easier for whales with lots of money to control the market.  Many of these coins are worthless and meant to fail eventually and  it's common for creators to suddenly take investors' money and vanish - known as a rug pull.   

New crypto investors and greedy folks often lose money on meme coins.  They see other people making big profits and want part of the action.  So they buy meme coins without doing research, only to lose it all when the creators pull the rug out from under them.  These digital bandits are effective at draining the pockets of those blinded by dreams of easy money.

In the end, many meme coins are fool's gold - not worth the risk for most regular investors.  It pays to do your homework before jumping into the latest hot crypto fad.