#Trump100Days
Market Cap: 2.95B billion dollars. Current Price: 14.81 dollars.
Pros
A new cryptocurrency that derives its strength from U.S. President Donald Trump, who is a supporter of cryptocurrencies that are expected to witness continued prosperity during his term. From just a few cents at launch, it reached over 70 dollars in just two days, indicating a bright future ahead.
Cons
Meme Coin: This type of cryptocurrency is characterized by rapid price volatility over short periods, making meme coins an unsuitable investment for those who do not like to take risks.
Meme coins can be subject to overvaluation by celebrities or influencers (which is currently happening with Trump's coin), resulting in people investing only to realize their mistakes later, according to the platform "The European".
Trump's coin has faced criticism from executives in the cryptocurrency sector, who expected a more serious approach to the industry from the new administration.
Some executives stated that the coin bearing the name of the U.S. president would cause more harm than good to a sector trying to rebuild its reputation.