Trump's Maga Coin Jumps 7%, Coin Parodying Biden Sinks Despite Ex-President's Conviction In Hush Money Trial —NFTs Also Show Strength
Portfolio Pulse from Aniket Verma
Trump's Maga Coin surged 7% despite his conviction in a criminal trial, outperforming major cryptocurrencies like Bitcoin and Ethereum. The coin has gained 71% over the week and nearly 200% in the past month. Meanwhile, Jeo Boden, a cryptocurrency parodying President Joe Biden, fell 10%. Trump's Digital Trading Cards NFTs also saw a price increase.
May 31, 2024 | 3:48 am
News sentiment analysis
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NEUTRAL IMPACT
Bitcoin was outperformed by Trump's Maga Coin, which surged 7% despite Trump's conviction.
Bitcoin's performance was mentioned in comparison to Maga Coin, indicating a neutral impact as the focus was on Maga Coin's rise.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Dogecoin was outperformed by Trump's Maga Coin, which surged 7% despite Trump's conviction.
Dogecoin's performance was mentioned in comparison to Maga Coin, indicating a neutral impact as the focus was on Maga Coin's rise.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Ethereum was outperformed by Trump's Maga Coin, which surged 7% despite Trump's conviction.
Ethereum's performance was mentioned in comparison to Maga Coin, indicating a neutral impact as the focus was on Maga Coin's rise.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50