Trump Digital Currency and Predictions of a Significant Rise Within a Month
The Trump digital currency ($TRUMP) was launched on January 17, 2025, as a meme coin named after former President Donald Trump. It experienced a massive surge of over 11,000% within days of its launch, reaching a market capitalization of $66 billion by January 19. However, its value later dropped by two-thirds. (sa.investing.com)
In less than two weeks, entities behind $TRUMP reportedly collected around $100 million in trading fees. The coin was initially sold on the Meteora platform, where its creators earn a share of the trading fees. However, this rapid success sparked controversy regarding transparency and ethics, especially with reports stating that around 200,000 crypto wallets—mostly belonging to small investors—suffered losses. (sa.investing.com)
Nigel Green, CEO of deVere Group, warned about the speculative nature of $TRUMP, stating that it is "more like gambling than investing." He emphasized that meme coins are highly volatile, exposing investors to significant risks. (sa.investing.com)
As for future predictions, analyses suggest that $TRUMP's price could continue to fluctuate. According to CoinCodex, its price may drop to approximately $15.45 by March 22, 2025. Meanwhile, CoinGape predicts that prices may range between $10.55 and $18.25 in 2025. These projections reflect the instability of meme coins and how external factors significantly influence their value. (gate.io)
Conclusion:
Despite $TRUMP's strong initial performance, its future remains uncertain. Investors are advised to exercise caution and conduct thorough research before investing, given the high volatility and risks associated with meme cryptocurrencies.
