Donald Trump, the President-elect of the United States, will be inaugurated on 20/01. Prior to this momentous day, the Bit market has shown signs of anticipation, particularly in Trump-related meme coins.
BeInCrypto has analyzed the three largest Trump-related meme coins that investors should watch.
Also Read: Predictions on Bitcoin price after Donald Trump's inauguration
#1. MAGA (TRUMP)
The MAGA meme coin, trading under the name TRUMP, has attracted significant attention but has recently not been the best performing coin. After initial strong gains, the TRUMP Bit closed last week in the red, reflecting its volatility in the Bit market.
YTD, the TRUMP price has increased 84%, although it has experienced a 16% drop in the past 24 hours. If the bullish momentum develops near the inauguration, this meme coin could surpass the $3.15 level, potentially targeting $4.44 and regaining investor confidence.

However, if the bullish sentiment fails to materialize, TRUMP could face further declines. A drop to $1.84 is possible as investors seek to cash out, especially as the hype is expected to subside after the inauguration event.
#2. Trog (TROG)
TROG, a new and rising meme coin related to Trump, has attracted attention with a remarkable 169% surge in the past week. However, it has experienced a 20% drop in the last 24 hours, reflecting the inherent volatility of the meme coin market.
Currently, TROG is holding above the $0.00004464 support level. If this level is maintained, the meme coin could recover to $0.00007406, regaining its bullish momentum. This recovery would reinforce the bullish sentiment and continue the profits seen in the previous week.

Conversely, losing the crucial $0.00004464 support level could push TROG into a significant decline. A drop to $0.00001669 would invalidate the bullish outlook, potentially wiping out recent gains and reducing investor interest in this Bit.
#3. Department Of Government Efficiency (DOGE)
DOGE, a meme coin related to Trump, has gained attention due to its connection with Elon Musk, the co-leader of the Department Of Government Efficiency, from which the coin takes its name. This unique association has made DOGE an important meme coin to watch.
This meme coin has the potential for strong growth if it can regain the critical $0.161 support level. Achieving this could push DOGE to $0.229, and if it breaks above this resistance, it could lead to further growth, potentially driving the price to $0.312 and delivering significant profits for investors.

However, if the hype around DOGE subsides sooner than expected, the Bit could face declines. In such a case, the meme coin could test the $0.094 support level, wiping out recent gains and invalidating the current bullish outlook.
Join the BeInCrypto Community on Telegram to stay updated on the latest analyses and news about the financial markets in general and Bits in particular.