#TrumpTaxCuts
Pros
A new cryptocurrency is gaining traction thanks to US President Donald Trump, a supporter of cryptocurrencies, which are expected to continue to thrive under his presidency. From just a few cents at its launch, it reached over $70 in just two days, a sign of a promising future.
Cons
Meme coins: This type of cryptocurrency is characterized by rapid price fluctuations over short periods, making meme coins an unsuitable investment for risk-averse individuals.
Meme coins are prone to being overvalued by celebrities or influencers (which is currently happening with Trump's coin), so people end up investing in them only to realize their mistakes later, according to The European.
Trump's coin has drawn criticism from cryptocurrency executives, who had expected the new administration to take the industry more seriously. Some executives said a currency bearing the US president's name would do more harm than good to an industry trying to rebuild its reputation.
