MVP token surges more than 113% amid hype with PolitiFi meme surpassing WIF.
The PolitiFi meme token category received recognition from CoinGecko during election season and stood out alongside fan tokens and cat-themed tokens. Traders are now considering exploring PolitiFi tokens such as MAGA VP, also known as MVP.
MVP or vice president himself, which has recently taken the internet by storm. Coins are in high demand and are considered one of the most profitable assets with potential to generate profits. MVP’s current market capitalization is ~$7 million, and its token $0.1435 As of this writing. The token gained a lot of attention in a short period of time.
Despite being up more than 113% in the past seven days, the rally may have stalled. This has not yet affected the movement of 24-hour volume as traders and investors continue to bet on MVP.
MAGA VP rose to $0.29. I would like to hold on to initial resistance at $0.14 to avoid another decline. It is expected to sew between highs and lows of $0.13 and $0.18 until the end of April 2024. The Bitcoin halving has concluded and markets are waiting to see how its effects will play out in practice. Speculations suggest a surge is imminent, but analysts remain divided, with some even calling the entire meme coin sector a threat to the cryptocurrency market.
This is based on claims that regulators are starting to look at the cryptocurrency market differently because of meme coins. In other words, the cryptocurrency market may lose trust due to meme coins.
MVP’s surge was welcomed despite the token downplaying its performance over the past 24 hours. The price is poised to attempt a technical breakout after holding resistance at $0.14. A rise to $0.34 could help you take profits.
disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
