TRUMP Coin Price Predictions: Will it reach 100$ or completely collapse?" Published on
🪙 TRUMP Coin Under Pressure
Price Drop: TRUMP Coin has fallen by 2.2% in the last 24 hours to $12.74, and by 14% since last week.
Main Reason: "Trump Media Group" denied a report claiming it was seeking to raise $3 billion to invest in Bitcoin. The company described the report as inaccurate and based on "weak sources."
Reactions: The market has been anxious, especially since the report indicated fundraising through convertible stocks and bonds.
📉 Technical Analysis
The Relative Strength Index (RSI) is at 48 and is on a downward path, indicating increased selling pressure.
Despite this, overall market optimism due to:
Bitcoin rising to $111,814.
New regulatory approvals for Exchange-Traded Funds (ETFs).
Improved regulations in America.
Future Predictions:
TRUMP Coin could rise to 36$ if market momentum continues.
Reaching 100$ is possible with strong partnerships or new uses for the coin.
💥 Competition: BTC Bull
A new meme coin that rewards its holders with Bitcoin when the BTC price rises.
Raised $6.5 million in three months during its initial offering.
Offers annual returns of up to 63% through its staking feature.
TRUMP Coin is going through a sensitive phase between financing rumors and regulatory reality.
The market is waiting for stronger signals, whether negative or positive.
Alternatives like BTC Bull are benefiting
Cryptonews