Trump Al Smith Dinner Update: Trump roasted Kamala Harris while MAGA Coin price surged by 17.59% as his election odds climbed, reflecting the crypto market’s response to his rising political prospects.
Former President Donald Trump made waves at the recent Al Smith Charity Dinner, delivering a speech that both roasted Vice President Kamala Harris and significantly impacted the cryptocurrency market. Trump made fun of Harris for not being there and criticized her supporters. This led to political talks and a quick rise in the price of MAGA Coin ($TRUMP).
This coin is linked to Trump’s chances in the election. It increased by 17.59% in just 24 hours. This shows how the market is responding to Trump better chances of winning the next U.S. presidential election.
Trump Roasting of Kamala Harris at the Al Smith Dinner
The Trump Al Smith Dinner on October 17, 2024, featured Trump as a key speaker and he took the opportunity to target Vice President Kamala Harris. Harris, who was absent from the event to campaign in Wisconsin, became a focal point of Trump’s comedic jabs. He criticized her absence, intelligence, and her supporters in a sharp and sarcastic tone.
Trump began by questioning Harris’s respect for the Catholic community, suggesting that she skipped the event because she does not value the church. He remarked, “My opponent feels like she does not have to be here, which is deeply disrespectful to the event and our great Catholic community.”
One of Trump’s sharpest digs came when he referenced Harris’s support for protesters during the 2020 demonstrations over the death of George Floyd. He joked that Harris would have attended the event if the funds were going to “bail out looters and rioters in Minneapolis.”
His attacks didn’t stop there. Trump poked fun at Harris’s well-known laugh and questioned her intelligence, saying, “We have someone in the White House who can barely put together two coherent sentences.” The audience, a mix of Democrats and Republicans, reacted with a combination of applause and mixed reception to Trump’s aggressive humor.
The Crypto Impact: MAGA Coin Price Surges
The Trump Al Smith Dinner didn’t only cause a stir in political circles—it also had an immediate impact on the cryptocurrency market, specifically MAGA Coin ($TRUMP).MAGA Coin, a cryptocurrency closely linked to Trump’s political future, saw an exciting surge of 17% after his speech at the event. The price soared to $5.43 in just 24 hours, reflecting the growing enthusiasm around Trump’s chances in the upcoming election!
On the decentralized prediction platform, Polymarket, Trump’s chances of winning surged to 59.5%, which sparked excitement among MAGA Coin investors. A major player in the prediction markets, known by the pseudonym “Fredi9999,” heavily influenced this shift. This whale investor reportedly poured nearly $938,000 into the market within just 12 hours, betting that Trump would win the election.
However traders should be careful. The ADX (Average Directional Index) indicator which shows how strong a trend is, is currently at 24.47. This means the trend is getting weaker. Even though the price is going up, there isn’t much strong buying interest or volume, which could cause the rally to slow down. For MAGA Coin to keep rising, it needs to break through the resistance level of 0.00018000. If the price can’t get past this level, it might drop back to 0.00015000. This level is an important support point.
MAGA Coin’s Technical Analysis: Bullish Momentum
MAGA Coin has been going up steadily showing strong interest from buyers. The MAGA coin price was steady at about 0.00015000 before it suddenly jumped to the 0.00018000 resistance area. After the Trump Al Smith Dinner the price reached a high of 0.00017623. This shows that investors think the price will keep going up.
The ADX (Average Directional Index) shows how strong a trend is and right now it is at 24.47. This means the trend is getting weaker. The price is going up, but there isn’t much strong buying interest. There is also low trading volume, which could slow down the rally.
For MAGA Coin price to keep going up it needs to break the important resistance level of 0.00018000. If the price cannot get past this level, it might drop back to 0.00015000. This level is an important support point.
What’s Next for MAGA Coin and Trump’s Election Chances?
The surge in MAGA Coin price is closely tied to Trump’s political future. As election predictions fluctuate, so too will the price of this politically-driven cryptocurrency. Trump’s appearance at the Al Smith Dinner and his rising odds on platforms like Polymarket signal increased confidence from investors and supporters alike.
The influence of whales like “Fredi9999,” who now holds more than $9.9 million worth of “Yes” shares predicting Trump’s win, underscores the high stakes of the election. If Trump’s odds continue to rise, MAGA Coin could see further price increases as investors bet on his return to the White House.
Conclusion
The Trump Al Smith Dinner not only provided a stage for Trump to mock Vice President Kamala Harris, but it also created ripples in the cryptocurrency market. MAGA Coin surged by 17.59% in response to Trump’s growing political prospects, reflecting the market’s confidence in his ability to secure another term as president. With bullish momentum pushing MAGA Coin upward and Trump’s election odds climbing, traders and investors are watching closely for the next big move.
As the election season gets more intense, MAGA Coin is showing that it’s not just a political symbol—it’s becoming an important part of the cryptocurrency market, with its success linked to Trump’s political future.
As MAGA Coin continues to ride the wave of political momentum, make sure to follow Coin Mozo on X for the latest updates and insights!
Also Read: Trump Bloomberg Interview: Could Trump Memecoins Thrive After the Election 2024?
