TRUMP: Ups and Downs in the Cryptocurrency Market

user avatar

by Giorgi Kostiuk

2 years ago

The launch of the meme coin Official Trump (TRUMP) caused a stir in the crypto market, initially soaring above $70, but soon settling back to around $50. However, analysts suggest focusing on other altcoins.

Rapid Ascent of TRUMP

Donald Trump's meme coin, Official Trump (TRUMP), successfully debuted in the market, ranking among the top cryptocurrencies. The token's capitalization instantly exceeded $14.5 billion, surpassing popular tokens like Shiba Inu (SHIB). However, in the last few hours, TRUMP has encountered a slowdown, lowering its capitalization to $9.9 billion.

Analysts' Attention

Despite the intriguing prospects of rapid growth, experts believe that buying TRUMP at its peak levels is unwise. One such analyst, Michael van de Poppe, recommended focusing on altcoins that dropped by 20% over the weekend. Among them are Binance Coin (BNB), Dogecoin (DOGE), Shiba Inu (SHIB). These assets have shown substantial gains since then.

Decline in TRUMP's Value

After some time, TRUMP's price declined, especially after the competitive meme coin launch by the incoming president's wife, Melania Trump. As of today, TRUMP is trading around $50. It is noteworthy that 80% of TRUMP's total supply is held by two entities: CIC Digital LLC and Fight Fight Fight LLC, posing risks for investors.

The market situation with TRUMP's token remains highly volatile. Investments in such assets require caution, and focus should be on more stable cryptocurrencies, especially considering the central role of a few participants in the TRUMP market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

JUST Launches Enhanced JST Buyback and Burn Initiative

JUST launches upgraded JST Buyback and Burn program to enhance value-accrual framework for JST token.

user avatarLuis Flores

Bloomberg Enhances Crypto Analytics for Banking Compliance

Bloomberg has enhanced its Crypto Exposure Analytics to classify bank exposure to cryptocurrencies under Basel standards.

user avatarArif Mukhtar

BTCC Reports Significant Growth in Futures Trading Volume

BTCC reports a significant increase in futures trading volume, reaching 387 billion for Q3 2026, driven by demand for futures products linked to traditional financial markets.

user avatarMaria Gutierrez

Bitdeer Expands into AI Cloud and Infrastructure Services

Bitdeer is expanding into AI cloud and infrastructure services with agreements extending into 2027 and 2028.

user avatarDavid Robinson

Bitdeer Reports Significant Increase in Bitcoin Production

Bitdeer announced its Bitcoin production for September reached 1,355 BTC, a substantial increase from the previous year.

user avatarAndrew Smith

NIP Group Expands into Bitcoin Mining with New Acquisition

NIP Group has announced an agreement to purchase Bitcoin mining machines with a hash rate of approximately 447 EHs as part of its strategy to enhance its computing capacity.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.