Analysis of the New Trump Memecoin
The Trump memecoin ($TRUMP RUMP) was recently launched and quickly gained prominence in the cryptocurrency market. Since its launch, the coin has experienced significant appreciation, but also extreme volatility, a common characteristic of memecoins.
Recent Performance
- Launch: The TRUMP memecoin was launched on January 17, 2025.
- Initial Appreciation: The coin appreciated by more than 1,000% in the first few days
- Correction: After the initial euphoria, the TRUMP memecoin faced a correction, with a drop of around 40% in the last 24 hours.
Influencing Factors
- Political Support: The launch was promoted directly on Donald Trump's official accounts, which boosted its market value to billions of dollars in a few hours.
- Volatility: The memecoin has high volatility, which can drive away more conservative investors and raise debates about the viability of such assets in the long term.
Buying Suggestion: Crypto Order
For those interested in investing in cryptocurrencies, it is essential to understand how an order book works. An order book is a list of pending buy and sell orders for a cryptocurrency on an exchange. It aggregates real-time supply and demand data submitted by traders and allows exchanges to automatically match buy and sell orders.
