The cryptocurrency $TRUMP has been a headline this month due to its high volatility. After reaching its all-time high in January at $74, it now hovers around $11.20, with an 85% drop from that peak. Still, many eyes are on it.
Why does it rise and fall so much?
Promotional events like a gala for holders temporarily boosted its price.
Political controversies, including a $2 billion deal between the Trump family and the United Arab Emirates, generated negative pressure.
More than 760,000 wallets have recorded losses, which also impacts confidence.
Projection for May:
Analysts expect movements between $10.80 and $37.30, depending on the political environment, regulation, and social hype.
Watch out for the regulation:
The cryptocurrency is under the scrutiny of the U.S. Congress, with proposals seeking to limit the use of crypto by public officials.
