MAGA (magamemecoin.com) narxTRUMP

Sui [SUI], at press time, was trading at a weekly low of $4.32 after a nearly 5% drop in 24 hours. This drop coincided with a pullback across the altcoin market after Donald Trump’s inauguration emerged as a sell-the-news event. Despite this decline, Decentralized Finance (DeFi) activity on the SUI blockchain was surging and could aid the altcoin’s recovery from bearish trends. According to DeFiLlama, the daily DeFi volumes on the SUI network surged to $672M on the 20th of January. This marked the second-highest level in history. This rise shows growing interest in the DeFi protocols created on the network. At the same time, the total market capitalization for stablecoins on the SUI network stands at $421M, which is at range highs compared to $301M at the start of the year. Despite the rising volumes, the coin’s Total Value Locked (TVL) stood at $2.285 billion. This represents a nearly 12% drop from its all-time high recorded earlier this month. $SUI

Chainlink [LINK] is gaining significant attention from the crypto community and is poised for a massive upside rally. Bullish price action and a recent investment by Donald Trump’s World Liberty could explain this positive outlook. Despite his inauguration, the current market sentiment seems to be facing a price correction as investors engage in profit booking. On the 20th of January 2024, the blockchain-based transaction tracker Lookonchain posted on X (formerly Twitter) that Trump’s World Liberty had purchased a significant 177,928 LINK tokens worth $4.7 million. Considering the notable investment, traders are also making bets on LINK, as revealed by the on-chain analytics firm Coinglass. The Long/Short Ratio currently stands at 1.03. This indicates a strong bullish sentiment among traders. Additionally, data further reveals that 53% of top traders currently hold long positions, while 47% hold short positions. In addition to this data, traders are over-leveraged, with positions ranging from $23.98 on the lower side to $25 on the upper side. According to expert technical analysis, LINK appeared bullish. On the weekly timeframe, it successfully retested the breakout level of a bullish cup-and-handle price action pattern. It is now poised for significant upside momentum. Based on historical price movements, if LINK closes a daily candle above $26.70, it could rally by 175% to reach $75 in the future. However, this target is still far off. Current market sentiment and Donald Trump’s arrival as President of the United States could play a significant role in achieving it. On the positive side, LINK’s Relative Strength Index (RSI) is below the overbought zone. This indicates that the asset has sufficient room to rally significantly in the coming days. When combining on-chain metrics with LINK’s price action and Trump’s World Liberty’s recent investment, the outlook is bullish. It appears that the bulls are back and could support the altcoin in reaching its predicted level. At press time, LINK was trading near $23.90 and has registered a price drop of 2.55% in the past 24 hours. Despite this, traders and investors have shown strong confidence, leading to a 29% increase in trading volume during the same period.$LINK

There’s no doubt, Trump’s memecoin [TRUMP] launch has left the market divided. On one side, supporters hail it as a “masterstroke” that will fuel Trump’s pro-crypto image. On the other, critics view it as pure “manipulation” – another hype-driven cash grab. But after 100 executive orders, his crypto-friendly stance has flipped to “no crypto.” Now, with the market in turmoil and Bitcoin caught in the crossfire, what’s next for the crypto market as Q1 unfolds? TRUMP’s tokenomics is simple but powerful. Over the next three years, one billion TRUMP tokens will be unlocked. Right now, 20% are circulating, and 80% are controlled by Trump’s Organization affiliates. At its press time price of $40, these tokens give Trump a staggering $6.4 billion valuation. However, TRUMP is now 48% down from its all-time high, which it hit within 48 hours of launch – a moment that briefly inflated Trump’s token-based net worth to over $12 billion. Supporters call it genius. Skeptics? Manipulation at its finest. And Bitcoin’s [BTC] 5% drop? Not a coincidence. As investors flocked to TRUMP, Bitcoin lost liquidity, with reserves on exchanges soaring to 2.35 million in just two days. But now, things are starting to shift. Despite the buzz around Trump’s return to the White House, his namesake memecoin has fallen sharply, losing 30% of its value in just 24 hours and dropping its market cap to $7 billion – a far cry from its early “hype.” So, what’s really happening? Are investors backing off, holding their breath for Trump’s next crypto move, or are they starting to lose faith in his promises? The crypto market is headed into a storm of extreme volatility. Just look at the TRUMP memecoin fiasco – its failure to replicate the initial hype is proof of how unpredictable things are. Bitcoin, which recently hit a record high of $109K, quickly took a 5% dive, showing that investor confidence is slipping fast. With risk appetite shrinking, the market is on edge. And Trump’s “no crypto” stance, buried within his 100 executive orders, has thrown more uncertainty into the mix. If TRUMP continues to fall short, Bitcoin could see a serious sell-off. With $372 billion in BTC on the line, the next few weeks could decide if we’re in for a market crash or if there’s hope for recovery. Brace yourself—it’s about to get bumpy.$TRUMP

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the reality is it will pump again 🎉$TRUMP