This Profit Making Opportunity Comes Every 4 Years

Hey, did you hear about this? A cryptocurrency related to Donald Trump shot up over 30% in just one day! This happened right after a big political gathering. It's like a wake-up call on how big events can really shake up the crypto world.

1. TRUMP Coin Taps All-Time High, Up Over 30% in 24 Hours Post-Convention

Recently, this "TRUMP" coin just blew up in value following a major event. Imagine a digital coin linked to Donald Trump hitting an all-time high—that's what happened. And it got me thinking about how these kinds of events can open up some great chances for you to make money with your crypto investments.

In this chat, I'll walk you through what this big price jump means and how you can use this info to make smart moves with your crypto. Stick with me, and by the end, you'll know exactly how to spot these opportunities and act on them.

2. Understanding the Big Jump

As someone who digs deep into crypto trends, I've noticed that the mood of the market really drives prices. The big jump in the TRUMP coin right after that event shows just how much political buzz can affect things. From what I've seen, similar things have happened with other politically-themed coins during elections—they can really go wild! Historical data from CoinMarketCap shows that similar spikes have occurred during election cycles, often experiencing volatility increases by as much as 50%.

It's Like Sailing in Rough Seas

Think of the crypto market as a giant ocean and news events as storms. A big storm can make huge waves, and that's what happens in the market when news breaks. This political event was like a massive gust of wind, pushing the TRUMP coin way up. For example, when there's uncertainty during big elections, even Bitcoin tends to get a boost because everyone's looking for where to put their money safely. For instance, during the 2016 U.S. election, the Bitcoin price rose approximately 3% on the election day itself, influenced by uncertainty in the altcoin markets.

Looking Ahead to the U.S. Presidential Election

With the next U.S. presidential election coming up on November 5, 2024, we're likely to see more ups and downs in coins like the TRUMP coin. Keeping an eye on these patterns could give you some great buying or selling points, especially if you are a trader riding on volatility.

Why This Spike Happened

1. Big Names Have Big Impact: Just like how Elon Musk can send Dogecoin soaring with a tweet, big political names can pump up their related coins. One tweet from Elon in 2021 sent Dogecoin up by 40% in a day!
   

   

   After Musk’s initial tweet of “Doge,” Dogecoin surged 44%. Source: elonmusk

2. Buy the Rumor, Sell the News: This saying holds true here. The convention sparked a lot of buying because people were betting the coin would rise with all the attention. Similar patterns were observed during Brexit, where the price of Bitcoin surged by 7% as investors sought safety in digital assets amidst political uncertainty.

3. All Eyes on the Coin: When something gets in the spotlight, more people want a piece of it. This is what happened with Ethereum a few years back when everyone started talking about what it could do. The extensive media coverage of its smart contract capabilities back in 2017, led to a major bull run.

3. Conclusion: Take Action and Make It Count!

We've seen how big news like a presidential election can really move the crypto market. This means being in the know can seriously help your wallet. In the world of crypto, money follows the spotlight.

What You Can Do Next:

1. Sign Up for the Crypto Profit 101 Newsletter: Don't miss out on the hot tips and deep dives that could help you make a killing.

2. Traders Love Volatility: It's time to learn technical analysis to make a profit in this volatility. Understanding what drives prices up and down can help you make smarter trades.

3. Be Ready to Move: Markets wait for no one. Have a plan so you can jump on opportunities as soon as they show up.

Final Thought: By staying informed and ready, you're not just following the market—you're getting ahead of it. Think about these steps as your way to not just ride the waves but make them work for you.