Things are pretty exciting in the crypto market right now. The US presidential elections are approaching, and what effects this major political event will have on crypto assets is being discussed. Investors are keeping their eyes on the election results. Because there are very volatile movements in the markets. This week, three altcoins may offer remarkable upward opportunities. Here are the details…
MAGA (TRUMP) Is First on the List
MAGA (TRUMP) coin takes its name from Donald Trump’s “Make America Great Again” campaign. It is said that if the election results are in favor of Trump, this coin could make a big jump. At this point where politics and the crypto world intersect, MAGA coin has entered the radar of investors. Everyone is wondering how Trump’s possible victory will affect this project.
MAGA coin is currently trading at $3.23 and its total market cap is around $143.2 million. The $3 support level is critical right now. If it can maintain this level, the price of MAGA coin is likely to rise to $5.5. This will create a very attractive opportunity for investors. So, things will get complicated for MAGA coin in the coming days.
Altcoin Second on the List: Kamala Horris (KAMA)
Kamala Horris (KAMA) coin is a humorous cryptocurrency named after Vice President Kamala Harris. This altcoin, which blends politics and humor, has experienced remarkable activity in recent days. KAMA coin rose from $0.0065 to $0.013, showing a 100% increase in just four days. This rise is exciting for investors.
With this rise, KAMA coin broke an important resistance level. In the crypto market, the round bottom formation is generally considered a harbinger of a new rise. If Kamala Harris wins the election, this coin is likely to rise to $0.06. Additionally, investors are reviewing their positions against this possible scenario and taking a closer look at KAMA coin.
Altcoin ranked 3rd on the list: Solana (SOL)
Solana continues to make a name for itself as one of the most solid projects on the market. As Kriptokoin.com reported, this blockchain, which offers high speed and reliability, has become a popular platform, especially for meme coin projects. The dynamism in the election atmosphere will affect Solana’s price. Increased activity during this period will trigger the rise of SOL. Currently, SOL is trading at $166.2 and has a market cap of $78.39 billion. However, everyone’s eyes are on that resistance level that has not been broken for eight months.
If this resistance is crossed, it is quite possible that the altcoin project will enter a new uptrend. Investors are eagerly waiting to see how Solana will perform next week. Things are pretty exciting in the crypto market right now. The US presidential elections are approaching, and what effects this major political event will have on crypto assets is being discussed. Investors are keeping their eyes on the election results because markets can change direction at any time. This week, three altcoins may present notable bullish opportunities.
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