Hey everyone,
I just read this wild article about how a recent assassination attempt on a political figure has rocked MAGA Coin. The value of MAGA Coin tanked right after the news broke, causing a lot of panic and speculation.
https://www.coinspotlight.net/2024/07/14/ripple-effect-assassination-attempt-impact-maga-coin/Key points:
- The coin's value dropped hard after the news.
- The MAGA community is rallying to try and stabilize it by buying more.
- It shows how politically linked cryptos can be super volatile.
- Check out the full article here: Ripple Effect: Assassination Attempt Impact MAGA Coin
What do you guys think? Can political cryptos stay stable long-term? How does stuff like this affect your crypto investments?
No these are all made to grab the attention of people based on current events. Something new comes up and then these all go away. When the world cup was coming there were all sorts of soccer(futbol) coins and they were real popular for a hot second. Once the world cup is over you never hear about them again. Political coins are the same thing. You can possibly make money short term but as a long term hold you will lose money