Memecoins Related to the US Election like Dogecoin(DOGE), Make America Great Again(MAGA), Dark MAGA(DMAGA) and others rallied as projections of Donald Trump assuming US Presidency took over.

The major news outlet, The New York Times, had first estimated that Donald Trump has a 91% chance of winning, which contributed to a notable increase in the prices

Memecoins, including Dogecoin (DOGE), Make America Great Again (MAGA), and Dark MAGA (DMAGA), experienced a surge in interest as projections favored Donald Trump in the US election.

The New York Times initially projected a 91% chance of a Trump victory, contributing to a noticeable increase in the prices of coins such as DOGE, MAGA, and DMAGA.

These election-focused tokens attracted attention from both traders and political enthusiasts, with many closely observing the results in key swing states like Michigan and Wisconsin.

Trump's impending victory (still officially unannounced) further fueled the meme coin market, highlighting the growing interest in this election.

Investors are using these coins as a barometer of market sentiment during this unpredictable race.

DOGE price surges over 25%

At press time, Dogecoin is trading at $0.2047, showing an over 25% increase in price during the last 24 hours.

The recent rally has boosted DOGE's market capitalization to over $30 billion.

Moreover, the trading volume has surged over the last 24 hours, reaching $9.12 billion, marking an impressive rise of 219.60%.

This spike in both trading volume and price suggests that investors have a newfound interest in cryptocurrency, likely driven by Trump's win.

DMAGA price sees a 72% increase

Dark MAGA is also making significant gains and currently trading at $0.01453.

The token shows a remarkable increase of 72.91% in just the last 24 hours.

With a market capitalization of $13.73 million and a trading volume that has jumped to $14.38 million, the token reflects an impressive rise of over 777.3%.

This brings the volume to market cap ratio over 24 hours at 104.38%, indicating a lot of trading activity as investors are particularly interested in the token.

Recently, Elon Musk attended a Donald Trump rally in Pennsylvania and referred to himself as Dark MAGA, further boosting interest in the DMAGA token.