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- Don't surf the hype of the moment, all hypes decay easily and you will certainly end up at a loss at the expense of those who promoted the hype.
- Do your own market analysis, study all the names used and the market.
- If you want, get investment suggestions from trustworthy people, but only invest when you are sure that the cryptocurrency is the right one.
- If you want to invest a large amount, prioritize more consolidated and less volatile currencies (don't invest in meme coins, as they are highly volatile and follow the hype)
- Study, be psychologically prepared for losses and only risk what you are willing to lose, take responsibility.
My opinion (this is not an investment recommendation) - I believe that the cryptocurrency $SPELL has a lot to grow and it will take off this year.
TrumpCoin is not one of the mainstream or widely recognized cryptocurrencies in the market, such as Bitcoin or Ethereum. It is considered an altcoin, and its success or growth will depend on several factors, including:
Adoption and Utility: In order to grow, a cryptocurrency needs to be widely adopted and have real utility in the market, such as being used in transactions or supported on a specific platform.
Marketing and Support: As the name suggests, TrumpCoin may be associated with Donald Trump or the political movement that supports him. If there is a surge in popularity or financial support from related groups, this could lead to temporary growth.
Regulation and Legal Risks: Cryptocurrencies with names associated with public figures or brands may face legal challenges. This could limit their long-term viability.
Cryptocurrency Market Volatility: Smaller altcoins, such as TrumpCoin, tend to be highly speculative and highly volatile, which increases the risks for investors.
Competition: There are thousands of cryptocurrencies on the market.
Most altcoins fail to survive in the long run due to lack of adoption and support.
My recommendation: If you are considering investing in a coin like TrumpCoin, do careful research on the project, its developers, its community, and future plans. Also, do not invest more than you are willing to lose, as this type of investment is highly speculative and risky.
As I said before, I am not confident in $TRUMP crypto, even though I have invested in it. Therefore, there are signs of a supposed increase in its value here in a few days, even if it does not reach the historic mark of $70, I believe it will return to its $58, which is already a great mark to sell and not have any more headaches.
Honestly, I'm not very optimistic about cryptocurrency $TRUMP . So far, it hasn't shown me that it's a memecoin that's really worth investing in due to its high volatility. I believe that everything is being manipulated so that the minority ends up winning something.