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Publication date: Jan. 30, 2025
Introduction about TRUMP
Trump just re-entered office as president of the United States and immediately turned the crypto market upside down with the launch of his own meme-coin: $TRUMP.
This token provides a secure and efficient way to exchange value while giving rewards and governance opportunities to the community. $TRUMP targets both private and institutional users and has ambitions to play a prominent role within the blockchain industry.
How does TRUMP work?
The coin is primarily used as a speculative asset, with investors hoping for a rise in value. As with other meme coins, the price is primarily driven by supply and demand, media coverage, and community influence. Because the coin is named after Donald Trump, his statements and political decisions can have a big impact on the price.
In addition, $TRUMP can be traded on various crypto exchanges. There is speculation about possible applications, such as strike or use in Trump-related projects, but right now the coin is primarily a hype-driven asset within the crypto world.
Recent developments
1. Extreme volatility and trading activity.
- $TRUMP remains one of the most traded meme coins of the moment, with massive price fluctuations.
- The coin has already generated millions of dollars in liquidity on decentralized exchanges (DEXs) such as Uniswap and PancakeSwap.
2. Impact of Trump's political decisions
- Every new statement or policy decision by Donald Trump seems to have an immediate impact on the stock price.
- Analysts speculate that further pro-crypto policies by Trump could strengthen the currency.
3. Adoption and speculation in the crypto community
- Several crypto-whales and major investors have already taken positions, further fueling volatility.
- $TRUMP is increasingly being mentioned in online communities and on social media as the new memecoin sensation.
4. Possible exchange listings and institutional interest
- Rumors are circulating that Binance and Coinbase are considering listing $TRUMP on their platforms, which would make the coin more accessible to a wider audience.
- Political donations and crowdfunding via crypto are increasingly being discussed in connection with Trump's campaign, which could potentially make a use case for the coin.
TRUMP's share price development
The new cryptocurrency $TRUMP was launched on Saturday, Jan. 18, with a starting price of $6.24, but exploded to an impressive $75.35 within a day. The introduction of the coin caused a big stir within the crypto world, with investors buying in en masse. This resulted in a rapid rise in market capitalization to a whopping $14.56 billion.
Since the price record on Jan. 19, however, $TRUMP has lost momentum and the price has fallen. Currently, the price is moving around $27.61, fluctuating between $30 and $26 with market capitalization of $5.5 billion. The question now is whether $TRUMP is forming a stable bottom here, or whether there is room for a bullish rebound toward its recent highs.
The chart below shows the price movements over the past 11 days. The first two days in particular stand out, with an extreme rise followed by a sharp decline in the following days.
What could be driving up the price of TRUMP?
1. Political influence and media attention: Donald Trump's involvement in the coin is generating global media attention, which could drive speculation and interest.
2. Trump's pro-crypto policies: If Trump uses his influence to pass crypto-friendly regulations, this could positively affect the adoption and price of $TRUMP.
3. Meme-coin hype and retail FOMO (Fear of Missing Out): If influencers and well-known investors rally behind $TRUMP, this could lead to massive purchases. This in turn could eventually cause people to fear missing out on the trend.
What could work against TRUMP?
1. Lack of fundamental value and utility: If $TRUMP is not given a functional use-case beyond speculation and political symbolism, interest may quickly wane. Further, without real adoption by businesses or integration into DeFi, the coin may fade into oblivion.
2. Manipulation and Pump & Dump Risk: If insiders or big whales decide to liquidate their positions, the price may collapse quickly. This creates large price fluctuations that affect the confidence of long-term investors.
3. Negative Market Sentiment: If Bitcoin and the broader crypto market fall for any reason, $TRUMP can suffer greatly.
Conclusion
$TRUMP is an extremely volatile coin that is heavily influenced by media reports and especially by the political status and decisions of Trump himself. Should he make popular and, in the eyes of many, positive decisions, the price will undoubtedly move accordingly. On the other hand, a single controversial or unfavorable decision could also have a substantial impact on the value of cryptocurrencies.
The big question remains: will $TRUMP regain its momentum and rise to record highs again? At this point, it is too early to make a definitive prediction on that. But as always in the crypto world, only time will tell.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.
