Followin' the countdown to Trump's inauguration, which is 13 days away. This will be the first U.S. president to support cryptocurrencies, and Trump's team includes several crypto-friendly politicians like the new SEC chair Paul Atkins, the White House's AI and crypto czar David Sacks, and Elon Musk who is leading the government efficiency department.
With this important event, which crypto projects and meme coins related to Trump and Musk might be worth watching? Meme coins are highly volatile, so please do your own research.
Trump-related Concepts
The meme coins MAGA (TRUMP) and MAGA Hat (MAGA), inspired by the Trump concept, have become the leading U.S. concept meme coins.
MAGA (TRUMP)
In late February last year, MAGA(TRUMP) saw a significant rise, benefiting from the overall upward trend in the meme coin market. In late May 2024, TRUMP surged again due to Trump's video comments supporting cryptocurrencies and the Trump NFT gala, reaching a historic high of $17.51 on June 1.
Current price: $3.12
Current market cap: $141 million
MAGA Hat (MAGA)
The MAGA hat was a cap introduced by Trump during the 2016 presidential campaign, with the white "Make America Great Again" slogan printed on a red background. Since then, it has become a symbol of the Trump MAGA movement.
VX: TTZS6308
Current price: $0.0001123
Current market cap: $46.12 million
In addition, there are a number of tokens related to the Trump family's DeFi project World Liberty Financial that are worth watching, such as the project's recent large purchases of ETH, cbBTC, LINK, AAVE, ENA, and ONDO.
Musk-related Concepts
Dogecoin DOGE
DOGE has become a potential investment target due to its abbreviation being the same as the government efficiency department that Trump is setting up and that Musk will soon lead. Additionally, Musk himself is a devoted Dogecoin fan.
Current price: $0.3827
Current market cap: $56.4 billion
DOGE
A meme coin that shares the same abbreviation as the government efficiency department
Current price: $0.2319
Current market cap: $227 million
PNUT
PNUT is a meme coin based on a pet squirrel prototype, which was euthanized by the New York Environmental Protection Bureau due to rabies. On the first weekend of last November, PNUT became the focus of Degen's speculation, with its market cap surpassing $100 million in a single day. Musk joined the mourning activities and tweeted repeatedly, turning it into an attack on the Democratic Party. On November 13, Musk tweeted that "America was saved by a squirrel and a meme coin", triggering a surge in PNUT.
Current price: $0.7361
Current market cap: $734 million
KEKIUS
On December 31, 2024, Musk will change his Twitter profile picture to an image similar to Pepe the Frog and change his name to Kekius Maximus, generating widespread attention. Musk has also mentioned that he will name a new character in the game "Path of Exile" as Kekius Maximus. According to netizens' speculation, the name Kekius Maximus is related to the Pepe Meme culture. On January 2, Musk's X account changed the frog avatar and "Kekius Maximus" nickname back to his own name, and the related concept coins have declined.
Current price: $0.09975
Current market cap: $103 million
White House AI and Crypto Czar David Sacks
David Sacks, the White House's AI and Crypto Czar, is a co-founder of PayPal and a member of the famous "PayPal Mafia", as well as a close friend of Musk. There are reports that Sacks is also a supporter of SOL.
DYDX
dYdX is one of the projects invested in by Craft Ventures, which was founded by David Sacks. On December 6, 2024, DYDX rose 30% following Sacks' appointment.
Current price: $1.60
Current market cap: $1.15 billion
0x Protocol (ZRX)
David Sacks is an advisor to the 0x Protocol project, whose token is ZRX.
Current price: $0.5336
Current market cap: $453 million
In addition, the meme coins related to Sacks himself are David Sacks (SACKS), with a current market cap of $549,000, and Crypto Czar (CZAR), with a current market cap of $396,000.
There are also MOOSE and GUS, two meme coins related to Sacks' pet dog. Sacks has interacted with projects using Moose and mentioned Gus on the X platform. MOOSE has a current market cap of $1.3 million, and GUS has a current market cap of $36,000.
New SEC Chair Paul Atkins
Reserve Rights (RSR)
Paul Atkins was previously an advisor to the Reserve Protocol, so RSR is considered to be linked to him. On December 4, 2024, RSR surged 88% due to rumors that Atkins would become the new SEC chair.
Current price: $0.017
Current market cap: $896 million
The market is currently in a consolidation phase, with capital re-entering the market and negative news being digested. The market is expected to see a new round of uptrend in the first quarter of the year. Bitcoin's price may break through the $120,000 mark during this period, and in an optimistic scenario, it could even reach $150,000 to $200,000.
Historically, Bitcoin bull markets typically enter an adjustment period around 15-18 months after the halving event, which means the market is likely to set new highs in the middle or second half of the year before entering an adjustment phase.
