#TRUMP After Trump's inauguration speech, the TRUMP token has shown a significant downward trend, and its long-term outlook is also filled with uncertainty. Here is a detailed analysis:
Short-term trend
- Market sentiment impact: Due to Trump's lack of specific policy commitments regarding cryptocurrencies in his inauguration speech, the crypto community felt disappointed, leading to a rapid cooling of investor sentiment and increased market sell-off pressure, resulting in the TRUMP token plummeting over 46% within 24 hours. - Overall industry volatility transmission: The cryptocurrency market is characterized by extreme volatility, and Bitcoin also experienced significant fluctuations after Trump's inauguration speech, with a sharp drop from a previous high. In such an industry environment, the more speculative meme coin TRUMP is affected to a greater extent, exacerbating the price decline.
Long-term trend
- Policy factors: Although the inauguration speech did not mention any cryptocurrency-related content, it remains uncertain whether the future Trump administration will introduce favorable or unfavorable policies for the cryptocurrency industry. If supportive policies for cryptocurrency development are introduced later, it might bring new upward momentum to the TRUMP token; conversely, if regulation is strengthened, it could further suppress prices. - Speculative attributes and market recognition: As a meme coin, the TRUMP token mainly relies on market sentiment and topic hype, lacking actual application scenarios or project support. When market enthusiasm declines and there is a lack of sustained value support, it is challenging to maintain high prices. However, if Trump can continue to create topics and maintain market interest, there may still be some funds willing to support it. - Regulatory risks: Trump's issuance of the TRUMP token has already sparked numerous controversies and concerns regarding conflicts of interest and regulation. If regulatory agencies strengthen their oversight of the cryptocurrency market, especially concerning tokens related to political figures, it may restrict trading or impose regulations on their issuance and operation, which would have a significant negative impact on the long-term trend of the TRUMP token.