The $TRUMP coin caused significant excitement after its launch, soaring to record highs in the first few days. However, after Donald Trump’s inauguration, where he did not mention cryptocurrencies at all, the coin’s price dropped significantly. What might happen to $ TRUMP next? Let’s explore the possible scenarios.
$TRUMP could rise: - If Donald Trump publicly supports his coin, for example, by mentioning it on social media or integrating it into his initiatives, it could attract a massive influx of investors. - The rising popularity of meme coins, such as Dogecoin or Shiba Inu, could make $ TRUMP a "star" among newcomers. - Economic success during Trump’s presidency could encourage his supporters to buy $ TRUMP as a symbol of his political influence.
$TRUMP could fall: - Like many meme coins, $ TRUMP lacks a clear business model or functionality, making its price heavily dependent on hype. If interest fades, the coin may lose its value. - 80% of the coins are owned by companies affiliated with Trump. A large-scale sell-off of these assets could flood the market and crash the price. - Political scandals or questionable financial activities could damage the coin’s reputation and erode trust in it.
Conclusion: The future of $ TRUMP depends on various factors, including Trump’s actions. His approach to the war in Ukraine could also affect the coin’s perception. If Trump manages to help protect Ukraine from aggression, it could boost both his popularity and the value of the $ TRUMP coin. However, meme coins remain speculative assets, so investors should proceed with caution and carefully evaluate the risks.
I am currently trying to trade pullbacks in spot trading with BTC. The profit is still small, but the most important thing is that I’m staying in profit. To be honest, I only trust Bitcoin because I believe it will rise again sooner or later. However, my market analysis skills are quite poor, so for now, I mostly rely on intuition and basic patterns.
My goal is at least to avoid losses: to close trades at breakeven or with minimal profit. But I understand that without improving my market analysis, I won’t get very far.
If you have any advice for a beginner, I’d greatly appreciate it! For example, how can I improve my technical analysis or what tools should I use for better forecasting?
Hello, Binance community! Today, I’m starting my journey into the world of cryptocurrencies, and I’m very excited to join you. My goals are: 1️⃣ To learn more about blockchain and investments. 2️⃣ To master trading and working with various crypto assets. 3️⃣ To share my experience with you and learn more from you.