• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Political Memecoins: Risks of MAGAcoin and JAECOIN

user avatar

by Giorgi Kostiuk

3 months ago


MAGAcoin and JAECOIN attracted investor interest by combining political events with cryptocurrency. Despite their popularity, they can be extremely volatile.

Rise of Political Memecoins

MAGAcoin and JAECOIN gained significant fame by merging political events and public sentiment. MAGAcoin was based on former US President Donald Trump's message 'Make America Great Again,' while JAECOIN garnered attention as a meme coin linked to candidate Lee Jae-myung's digital economy platform.

Impact of Political Events on Value

MAGAcoin's value showed significant dependence on Trump's comments and political events. For instance, after Trump's pro-crypto comments, MAGAcoin's trading volume increased by 1000% in one day. However, after Trump's trial verdict, its price plummeted. In the case of JAECOIN, its value was buoyed by Lee Jae-myung's popularity and his promise of digital transformation.

Conflicting Prospects and Expert Warnings

Political memecoins such as MAGAcoin and JAECOIN expanded the cryptocurrency market to a new political and economic platform. Experts warn that despite the potential short-term profits, their inherent instability makes long-term trust hard to achieve.

MAGAcoin and JAECOIN show that cryptocurrencies can be powerful tools for political messaging. However, they also indicate the potential risks of market crashes.

0

Share

Other news

HRF Directs 1 Billion Satoshis to Bitcoin Development and Human Rights Protection

HRF distributed 1 billion satoshis among over 20 projects to strengthen Bitcoin infrastructure and protect human rights.

user avatarGiorgi Kostiuk

6 minutes ago

Dynamic Surge in Crypto Fear & Greed Index

Crypto Fear & Greed Index jumps by 10 points, indicating improved sentiment. Find out what this means for the market.

user avatarGiorgi Kostiuk

7 minutes ago

Trump to Announce New Tariffs on Thursday: Details and Impact

Trump to introduce new tariffs. Details to be revealed on Thursday at 4:00 PM ET.

user avatarGiorgi Kostiuk

7 minutes ago

How Floki Inu and Arctic Pablo Coin Are Transforming the Crypto Market

Exploring the success of Floki Inu and the prospects of Arctic Pablo Coin in the meme coin world.

user avatarGiorgi Kostiuk

7 minutes ago

Peter Schiff Seeks Bitcoin Donations to Grow Reserve

Bitcoin critic Peter Schiff seeks public support to grow his Bitcoin reserve through donations.

user avatarGiorgi Kostiuk

16 minutes ago

Analyzing Bitcoin Dominance: What Drives Altcoin Season

The current Altcoin Season Index points to Bitcoin's market dominance. What does this mean for your crypto portfolio?

user avatarGiorgi Kostiuk

16 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.