Before the highly anticipated interview with Elon Musk, memecoins associated with former President Donald Trump saw a surge on August 12.
After a steep drop earlier, the crypto investor community is now witnessing a recovery across the market. The upcoming meeting between billionaire Elon Musk and U.S. Presidential candidate Donald Trump is a significant factor expected to revive the entire market.
The live-streamed meeting on the X platform will take place on August 12. It is expected to deliver valuable insights not only on political matters but also on crypto. Due to their shared strong support for the crypto space, the livestream has attracted significant attention from the community.
Entertainment guaranteed! https://t.co/5oR7YLVQr6
— Elon Musk (@elonmusk) August 12, 2024
Additionally, Donald Trump-related meme coins have experienced substantial price surges. Several meme coins have skyrocketed, with gains ranging from 15% to over 100% in less than 24 hours.
Notably, MAGA: Fight for Trump (TRUMPCOIN) saw a surge to $0.01024, nearing its all-time high. Dark MAGA (DMAGA) surged nearly 60% to $0.02244, while MAGA Hat (MAGA) surged 150% to peak at $0.0007948.
However, experts have predicted that Donald Trump-themed tokens may experience a price drop during or after the live stream.
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