Bonk, the cryptocurrency inspired by dogs, has quickly risen in popularity on the Solana blockchain, now ranking as the third largest meme coin based on market capitalization. This is a significant development in the world of meme coins. Bonk has surpassed Pepe in market value, according to the data from CoinGecko. This accomplishment marks a milestone for Bonk. Within a month, the price of Bonk is fluctuating around $0.00002571 level keeping its market cap to an impressive $1.68 Billion.
Bonk’s market value is currently positioned lower compared to the memecoin giants, DOGE and SHIB, with market capitalizations of $21.44 billion and $14.85 billion, respectively. Nevertheless, there is a rising curiosity among investors regarding another meme coin that is expected to experience a 2366% increase in value within half a year: MVP or MAGA VP.
Meme coins have been a fan favorite for a while but most investors are iffy about ‘traditional’ meme coins due to their high rate of volatility. In the wake of a post-halving market, experts are predicting a newfound interest of many investors in “New Narratives” cryptos. MAGA VP or $MVP is born out of the same narrative of memecoins that come under the “PolitiFi” narrative. The tokens are not just linked to popular demand but also the awaiting VP selection that is about to take place in July of 2024 for the upcoming presidential election.
The core group behind MAGA VP made up of top holders of TRUMP token, brings a reputation and a track record of achievements, providing investors with reliable and promising investment opportunities. Currently, $MAGA or TRUMP is one of the leading PolitiFi meme tokens with current Mcap ~$228 Million.
The MVP token plays a role in the MAGA TRUMP ecosystem by encouraging engagement through its reward system. Each buy or sell transaction of MAGA VP (MVP) tokens incurs a fixed 2% tax, with 1% directed towards TRUMP token rewards for MVP holders. Additionally, 0.5% of the buy/sell tax is allocated to marketing efforts to promote and expand the reach of MAGA VP.
A portion of the tax of 0.25% goes into enhancing liquidity through the MVP liquidity pool (LP), while an equal percentage is used to burn TRUMP tokens, increasing scarcity and potentially boosting value. On top of that, there are no transfer taxes on MVP tokens, enabling wallet-to-wallet transfers without charges, fostering loyalty and camaraderie among community members, and reinforcing the resilience and unity of the MAGA TRUMP movement.
Find out more about MAGA VP by visiting the website.
You can buy MVP on Uniswap, Bitmart, XT.com, or LBank!
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