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

Why Is Crypto Up Today? Cooling Inflation and Fed Rate Cut Bets Spark Market Rally

ECB’s Lane says persistent inflation could still force rate hikes

Goolsbee: The Federal Reserve may not cut interest rates until 2027.

Ethereum briefly surges to $2,400 as geopolitical relief boosts crypto, stocks

Dollentz: The European Central Bank will raise interest rates if the inflation impact lasts longer.

The probability that the Federal Reserve will keep interest rates unchanged in April is currently 99.5%.

The probability of the Fed cutting rates once in 2026, as traded on Kalshi, is only 24.8%.

Bessent tells Fed to ‘wait and see’ on cuts as war-driven inflation clouds Bitcoin

New weakening China trade and US inflation data means Iran economic contagion is spreading, in unique setup for Bitcoin

U.S. Treasury Secretary Bessent: The Fed can observe for a period before cutting interest rates

Bybit-eu

Live chart for THE AMERICA PARTY to USD conversion. Check out TAP to USD prices in real time. Convert, buy, sell, and trade THE AMERICA PARTY on Bybit-eu.

THE AMERICA PARTY Price: TAP Live Price Today | TAP Market Cap & Chart Analysis | Bybit-eu

current_price

price_change_24h

high_24h

low_24h

volume_24h

market_cap

circulating_supply

max_supply

ath_price

atl_price

TAP price today is 0.00, with a live price change of 0.06 in the last 24 hours. Convert, buy, sell and trade TAP on Bybit-eu.

Track THE AMERICA PARTY live price, market cap, 24-hour trading range, and real-time chart data on Bybit-eu.

THE AMERICA PARTY-prijs

Prijsstatistieken

Nieuws over THE AMERICA PARTY

Prijsgeschiedenis (USD)

Informatiebronnen over THE AMERICA PARTY

THE AMERICA PARTY-prijs

Prijsstatistieken

Nieuws over THE AMERICA PARTY

Prijsgeschiedenis (USD)

Informatiebronnen over THE AMERICA PARTY

Scan om de app te downloaden

Volg ons op sociale media