The post TRUMP Meme Coin Explodes—Could It Outperform Bitcoin? appeared on BitcoinEthereumNews.com.

BitMex’s CEO has, in a detailed report, explained the relevance of political meme coins like TRUMP in the current political landscape.  In his post, Arthur Hayes highlighted that TRUMP could outperform Bitcoin if the momentum continues to increase.  Trump coin (TRUMP) has refused to follow the broad market downtrend as it prints 24% gains on its 24-hour price chart. According to our market data, the ongoing rally has extended its monthly returns to 200% to trade at $20.6. At press time, TRUMP had become the 33rd largest crypto by market cap as its trading volume also increased by 23%, with $2.5 billion changing hands. Meanwhile, it is reported that 77% of the wallets holding this asset have not made more than $100 in profit, according to our recent analysis. Would TRUMP Surpass Bitcoin? In a recent blog post by BitMex CEO Arthur Hayes, TRUMP could surpass Bitcoin if the momentum continues. According to him, political meme coins like TRUMP would provide true real-time global opinion polls on politicians. Additionally, it would onboard billions of people into Web3 while ensuring that political campaigns increase engagement at almost no cost. Delving into political meme coins, Hayes pointed out that this asset class provides “zero-knowledge proof of political popularity.” This implies that individuals can directly support politicians by purchasing their meme coins. Thus, a politician gains information on the genuine opinion of the people. And finally, those who only want to go with the flow can support a politician because their memecoin’s price is up only, it allows them to be confident that they are supporting the side that everyone knows everyone else knows is going to win. Speaking on why people prefer the TRUMP coin over other memes, Hayes highlighted that owning a portion makes investors a member of a Trump supporters…

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Filed under: News - @ February 16, 2025 11:22 am