Recently, TAP coin experienced a short-term trading frenzy and a sharp price increase due to rumors that 'Musk might establish a new political party.' However, the price failed to sustain, indicating that market sentiment quickly faded and turned cautious. Looking at the mid-term trend, without substantial application support, TAP coin may return to the previous range-bound pattern within 0.00033–0.00036 USDT, with the previous volatility appearing more speculative in nature. Investors are advised to act cautiously and wait for signals of further policy or application support to mitigate the risk of a correction if the news catalyst dissipates.

In early July, rumors that 'Musk might establish a new political party, The America Party,' drew significant market attention. On July 1, TAP coin's daily trading volume surged, with the price reaching an intraday high of 0.000386 USDT, over 44% higher than the previous day's top, indicating a rapid concentration of market sentiment on this intersection of politics and crypto. However, the closing price that day was almost unchanged from the opening, highlighting a fierce short-term battle between bulls and bears and suggesting that bullish expectations were quickly digested.

Elon Musk's feud with President Trump over the Big Beautiful Bill has sparked speculation about the potential launch of a new political party, "The America Party" (TAP). As tensions rise, meme coins related to TAP are gaining traction, with prediction markets indicating a 41% chance of Musk forming the party. The conflict is influencing the meme coin community, with existing coins like 'The American Party' experiencing volatility. Overall, the intertwining of US politics and crypto is expected to drive a meme coin boom amid this ongoing saga.

Elon Musk’s ‘The America Party’ Could Lead to a Meme Coin Boom, If Launched

During the rumor's fermentation, there were two more surges on July 3 and July 6, reaching highs of 0.0003987 and 0.0005133 USDT, respectively, but both closed with long upper wicks, showing that bulls failed to maintain control. The subsequent pullback to around 0.00023, accompanied by heavy selling and another spike in trading volume, reflected concentrated profit-taking and a swift shift in market sentiment from excitement to caution.

Since mid-June, TAP coin has generally traded in the 0.00033–0.00036 range on the daily chart, with lackluster activity and no clear direction. Although political news temporarily amplified volatility, it did not alter the prevailing mid-term downtrend. If there is no substantial token application support related to the political party, the current volatility appears to be a short-lived, speculation-driven shock. Investors should be on guard for a possible return to equilibrium or continuation of the previous narrow-range pattern after the news effect fades.

The America Party

Here’s why the crypto market is falling today

Lagarde speech: Interest rates best tool we can use

The Fed’s PCE Data Used to Measure Inflation Has Been Released! Here’s Bitcoin’s (BTC) Initial Reaction!

Lagarde speech: Debated at length a hike

Lagarde discussed various options, including the possibility of an interest rate hike.

The Federal Reserve's preferred inflation gauge rose to its highest level in nearly three years

After the release of U.S. economic data, the probability expectation of an interest rate hike slightly increased.

US Q1 GDP price index preliminary reading at 3.6%, expected 3.8%

US Q1 PCE Price Index annualized quarterly rate preliminary value 4.5%, exceeding expectations

US Core PCE Price Index Year-over-Year Rises to 3.2% in March

Bybit-eu

Live-Chart für The America Party in USD. Sieh dir TAP zu USD Kurse in Echtzeit an. Konvertiere, kaufe und verkaufe The America Party auf Bybit-eu.

The America Party Preis: Aktueller TAP Preis | TAP Marktkapitalisierung & Chartanalyse | Bybit-eu

current_price

price_change_24h

high_24h

low_24h

volume_24h

market_cap

circulating_supply

max_supply

ath_price

atl_price

Der Preis von TAP beträgt 0.00. Die Preisänderung in den letzten 24 Stunden liegt bei 0.89. Konvertiere, kaufe und verkaufe TAP auf Bybit-eu.

Verfolge den Preis von The America Party, die Marktkapitalisierung, die 24h Handelsspanne und Echtzeit-Chartdaten auf Bybit-eu.

The America Party-Preis

Preisstatistiken

The America Party-Neuigkeiten

Preisverlauf (USD)

The America Party-Ressourcen

The America Party-Preis

Preisstatistiken

The America Party-Neuigkeiten

Preisverlauf (USD)

The America Party-Ressourcen

Scannen, um die App herunterzuladen

Folge uns auf Social Media