💻Analysis:
Could $TRUMP have something to do with today's altcoin crash?🤔🤔
Launched by newly elected US President Donald Trump, the OFFICIAL TRUMP (TRUMP) meme coin has become the 17th largest cryptocurrency by market value.💰💰🔥
With a market cap of $12.88 billion🤑, it has surpassed $SHIB , which is the second largest meme coin. For TRUMP Coin to surpass $DOGE , it requires an additional 430% increase.
⭐While this may seem impossible, official marketing and Donald Trump's endorsement could make it achievable.⭐
👉Shiba Coin experienced an 8% drop, while DOGE fell by 8.6%. Aside from SOL Coin and TRUMP Coin, few cryptocurrencies are currently making their investors happy.👈
If this liquidity returns to altcoins, a rapid rise could begin; however, for now, many investors are selling their assets, including BTC, to buy TRUMP Coin. Almost 10% of the daily trading volume has been concentrated in TRUMP Coin alone.🚀🚀🚀
With a 225% increase it is clear that many investors took their money to Trump's new memecoin, it is a matter of time to see if that liquidity returns to the altcoin, added to the inauguration of the president tomorrow, we could see a significant increase, we just have to wait.😉
