The collective market capitalization of meme coins translates to $47 billion. That is lower than the peak of $60 billion, except it is predicted to bounce back once the crypt market settles from the aftermath of Bitcoin Halving. That is one event that was expected to fetch better results. Instead, the community is left wondering about the prospects of their portfolio. Nevertheless, factors have worked well since there is a growing demand for PolitiFi meme coins like MAGA VP among traders.
One reason why MAGA VP is gaining recognition across the globe, or in the markets where it has been launched, is because of the pace at which its market cap is growing. The recently launched PolitiFi meme coin started at $1.99 million. It now sits at ~$5 million after having achieved the milestone of $7 million. The majority of the surge in its market cap came within 30 days. That practically defies the trend that has been set by PEPE and WIF.
Both meme coins took their time to make a breakthrough in their market cap. The current dip in MVP is still more than double the point at which it started recording the numbers.
One can rightly credit this success to the roadmap mentioned on the official website of MAGA VP. It emphasizes four main elements – Leading the PolitiFi narrative that’s expected to explode by US elections, rewarding the holders of MAGA VP $MVP with TRUMP tokens, joining hands with more centralized exchanges, and forging strategic partnerships.
Sentiments around MAGA VP are bullish, with the token predicted to achieve $0.44 by the end of this month and the market cap anticipated to jump to $19 million. The current market cap of MVP is up by 279.68% since the launch, 173% in the last 30 days, and 9% in the last 24 hours.
