As a seasoned crypto investor with a keen eye for political trends and their impact on the market, I must say the recent developments involving Trump, Harris, and Elon Musk have piqued my interest. The surge of the MAGA token following Musk’s endorsement at Trump’s rally in Butler, Pennsylvania, is a clear indication that political alliances can significantly influence the crypto market.
Previously elected president Donald J. Trump currently enjoys an 8-point advantage over Vice President Kamala Harris, after their joint appearance at a rally in Butler, Pennsylvania on October 5th, which was attended by Elon Musk, the renowned CEO of both Tesla and SpaceX.
The gathering took place at the location where Trump came close to being assassinated on July 13th, but just managed to avoid it.
Previous reports indicate that Elon Musk entered the stage to the excitement of the crowd, pumping his fists and leaping energetically. This action sparked applause from the spectators. He was wearing a black “Make America Great Again” (MAGA) hat and declared, “As you can see, I’m not just a MAGA supporter; I’m a darker shade of MAGA.
Following the attempted assassination, an endorsement from Musk was issued. At the subsequent rally, Trump expressed that the attack hadn’t dampened their resolve, stating “the experience did not shatter our resilience.
As the election draws near, the rivalry between Trump and Harris is escalating noticeably. At present, Harris leads Trump in various surveys, even managing a narrow lead of 0.6 points in Pennsylvania polls. Nevertheless, Musk’s presence at the rally appears to have shifted the momentum towards Trump.
Moreover, the MAGA token also benefited significantly from the endorsement. On the day of the rally, the token experienced a 20% spike and reached $3.4. Currently, it is trading at $4.62, representing a 63% rise since the rally, with a market capitalization of $203k.
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2024-10-07 21:40