Takeaways:
- Trump’s post regarding a 100% tariff on China on Friday triggered a sharp market crash, with $BTC dipping to $103K.
- However, his softer weekend comment has reversed the damage, pushing $BTC and $ETH up 12% and 20% respectively.
- Some analysts hint at how retail traders have exited positions en masse, potentially opening cheaper entries for whales.
- As the market recovers, traders are shifting their focus towards presale opportunities like Maxi Doge ($MAXI), a Dogecoin-inspired token poised to capitalize on the renewed momentum.
Following Trump’s mention of a 100% tariff on China on Friday, the market crashed with $BTC dropping to as low as $103,133. While traditional markets were closing for the weekend, the crypto market, which never sleeps, processed all the shock.
After Trump’s fiery post on Friday, his stance appears to have softened over the weekend, prompting him to post calming comments to de-escalate the matter.
His latter post read: ‘Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. […] The U.S.A. wants to help China, not hurt it!’
Following Trump’s new post, Bitcoin and Ethereum rebounded over the weekend, with $BTC now trading above $114K (11% up from its Friday low) and $ETH at $ 4.1K (20% up).
Furthermore, Polymarket odds for a 100% tariff on China by Nov 1 plunged from 54% before the second post to as low as 9% after Trump’s comments.
Trump’s softer tone is indeed good news for traders globally as it calmed the markets by Sunday, leaving equities to open on Monday mostly unscathed.
Some crypto analysts, however, saw the weekend crash as frustrating, hinting at how retail liquidations leaves room for cheaper whale entries. Crypto Rover, a crypto content creator with over 1.3M followers on X, is one example.
‘Liquidating everyone just to push prices to new ATHs would be pretty frustrating…’ his viral X post read.
The sentiment was echoed across the industry, with Helus Labs CEO, Mert, saying how crypto markets often act as ‘an oracle for Trump’s social media mood.’
The biggest takeaway here is that short-term volatility and market or political shocks often make crypto the first responder (but also the quickest to bounce back).
In this case, thanks to Trump’s softening headlines on Sunday, the market has rebounded relatively quickly. And a recovering market brings new opportunities despite blue-chip losses. Indeed, retail attention is now turning towards new altcoins as people expect new crypto ATHs to rally the market.
One standout presale coin making the rounds recently is Maxi Doge ($MAXI). This token looks primed to ride the next wave of meme-powered momentum, with hype building up after a whale recently scooped up $628K worth of $MAXI during the market wipeout.
Maxi Doge ($MAXI): The Next Doge Powerhouse Building a Bullish Community
Maxi Doge ($MAXI) is an Ethereum meme coin and the next strong contender in the Dog crypto niche after Shiba Inu and Baby Doge. It also promises utility beyond the meme — building an active community of degen traders and hosting regular futures competitions.
Like any meme coin, though, $MAXI’s most vigorous pursuit is being fun and memorable. And it does that by subverting expectations and being unapologetically cool. Unlike your typical Doge, Maxi is ripped, hustling, and a beacon of gym-bro wisdom.
After the viral presale, the dev team plans to introduce futures platform partnerships, a bold attempt to merge meme culture and degens’ high-risk, high-reward trading mindset.
While $MAXI might be a meme coin at heart, its action plan is no joke. For starters, the project has a fixed supply of 150.24B tokens.
This means $MAXI could rise more easily compared to inflationary contenders like $DOGE (with an infinite supply) or $SHIB (with over 589T tokens).
Moreover, the 40% allocation towards marketing is a strategic move by the project to amplify its reach. For early adopters, widespread exposure is the ultimate dream as it fuels increased demand, community growth, and sparks token appreciation.
Is it working? It seems so.
Maxi Doge’s presale is already turning heads, with over $3.5M raised so far and nearly 20K transactions recorded.
Not to mention, recent whale purchases worth over $314K and $314K (again) highlight the growing confidence big players are showing in the project.
The presale website makes it easy to join; this full guide on how to buy $MAXI explains it all.
At a current price of $0.0002625 and an 85% staking APY, investors are excited to join a promising project with a cheap entry price and impressive passive rewards. A whopping 8.83B tokens have already been locked into the staking pool.
With more holders joining the presale, the APY decreases every day and presale stages get shorter. The next price increase is due in 20 hours.
Get $MAXI early to join the Maxi army.
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Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/bitcoin-ethereum-rebound-trump-crash-maxi-doge-presale/