How Far Can the OFFICIAL TRUMP (TRUMP) Price Climb?
The post How Far Can the OFFICIAL TRUMP (TRUMP) Price Climb? appeared on BitcoinEthereumNews.com.
Donald Trump, the incoming 47th President of the United States, has made a bold entry into the cryptocurrency market by launching his official meme coin, $TRUMP. Within hours of its release, the cryptocurrency soared to an astounding market capitalization of $7.31 billion, marking one of the most talked-about launches in crypto history. As Trump prepares to take office, the question on everyone’s mind is: how far can the $TRUMP price climb? OFFICIAL TRUMP (TRUMP) Price Prediction: A Record-Breaking Start The release of $TRUMP was orchestrated by CIC Digital LLC, an affiliate of the Trump Organization, which has previously ventured into branded products like shoes and fragrances. The coin’s introduction coincides with Trump’s return to the presidency, capitalizing on his massive public following and unique ability to generate hype. Meme coins like $TRUMP are often used to build momentum around viral movements, but they come with inherent risks due to their lack of intrinsic value and extreme volatility. By Saturday afternoon, just hours after its launch, $TRUMP had already reached a market capitalization of $5.5 billion. This impressive figure highlights the intense market interest, fueled by both Trump supporters and speculative traders. Adding to the intrigue, 80% of the total tokens are held by CIC Digital LLC and Fight Fight Fight LLC, leaving only 200 million tokens in circulation out of a total supply of 999.99 million. This limited availability has created a scarcity effect, further driving up prices. What Does the Chart Reveal? TRUMP/USDT one min chart- TradingView The TradingView chart for $TRUMP indicates strong bullish momentum, with clear signals of upward price potential: Support and Resistance Levels:Resistance is observed around the $36.9 mark, a key zone that the price is currently testing. If $36.9 is broken, the next target could be $40. On the downside, support at $24 provides…
Filed under: News - @ January 19, 2025 5:16 am