Mon, September 16, 2024 at 09:07
Hey Annie!
Did you hear about the second assassination attempt on Donald Trump?๐ฒ
Oh my, really?
That's shocking!
Is he okay?๐ฎ
Yeah, he reassured his supporters that he's safe and well.
This happened at West Palm Beach, Florida, while he was golfing at the Trump International Golf Club.
That's a relief.
What about the suspect?
Any updates on that?๐ค
The FBI has already arrested the suspect, and they're in custody now.
This incident happened just two months after another attempt on his life during a rally in Pennsylvania.
Wow, two attempts in such a short time!
How did this affect the market, especially the Trump-based crypto tokens?๐
Well, the Trump-based crypto tokens took a hit.
MAGA, TRUMP, and TREMP all dropped in price.
Even though Trump showed strength, the token prices remained in the negative.
That's not good.
Can you tell me more about the specific tokens?
Like, how much did they drop?๐ธ
Sure!
Maga Hat (MAGA) is the second largest Trump-based token by market cap.
It dropped 7.2% after the incident, bringing it to a total of 32.5% loss in the last 7 days.
It's currently trading at $0.00006116.
Wow, that's quite a drop.
What about the largest Trump meme coin, TRUMP?๐ค
TRUMP took a 12.2% hit and is now sitting at $2.12, down from an all-time high of $17.07.
That's almost an 87% drop!
But the earliest investors are still 184 times in profit.
That's a massive drop!
What does the price chart say about its future?๐
The TRUMP price chart shows it might continue dropping to find support at $1.2 before attempting a bounce.
If it drops further, it could go down to $0.40-$0.70, where there's stronger resistance-turned-support.
Interesting.
What about Doland Tremp (TREMP)?
How did it fare?๐คจ
Doland Tremp has a small market cap of $12 million and shows promise for recovery.
It dropped only 2.9% over the past 24 hours and is currently priced at $0.1231.
The price is hovering around a strong support zone tested three times in the last month.
So, TREMP seems to be the most stable among them.
Do you think it has the highest chance of recovery?๐
Yeah, if TREMP bounces from this level, it might find resistance around $0.20 before surging higher to $0.55 and finally $0.8.
It definitely has the highest chance of recovering sooner.
That's good to know.
So, overall, how do you think these events will impact the market?
Is this news a good or bad sign for investors?๐ค
Honestly, it's a bad sign.
The assassination attempts have created uncertainty, which is never good for the market.
Even though Trump remains unshaken and his new crypto project, World Liberty Financial (WLFI), is still on schedule, the negative impact on token prices shows investor sentiment is shaky.
Got it.
Thanks for the detailed breakdown, Joy.
This really helps in understanding the current market situation.๐
No problem, Annie!
Always here to help you out.
Let's hope for some positive news soon!๐ค
To sum up, this article is considered a ๐ฑBearish for investors!!