Trump Memecoin, named after Donald Trump, made a quick entry into the market. However, the rise did not last long and the confidence of investors was shaken. Token, who has experienced sharp fluctuations in recent weeks, fell to $ 16.69. So, will this decline continue? Can Trump Memecoin really go up to $ 5?
What’s happening in Trump Memecoin?
Trump Token was released three days before Trump took office. After the launch, he attracted great attention and rose to $ 70 on January 21st. However, there were harsh decreases within a few days.
In this process, First Lady Melania Trump’s Melania Token was released. This new token has become a serious competitor for Trump. Then Trump’s coin declined trend, and hopes of ascension decreased. According to current data, Token lost 5 %in the last 24 hours and 43 %on a weekly basis. The 36 %decrease in transaction volume shows that the interest of investors is reduced.
Is it really possible to decrease to $ 5?
Trump Memecoin fell by 79 %from $ 75.35, the summit point. According to analysts, if the current sales pressure continues, the price is likely to fall to $ 5. Many experts predict that the price may fall by 69.9 %in 15 days.
However, everything in the market can change rapidly. The general bull tendency in the crypto market can also pull up the Trump token. In particular, Trump’s support and new moves can increase the price again. Nevertheless, the current trend pushes investors to be cautious.
Factors that trigger the decline of Trump Coin
There are several reasons for the increase in sales pressure on Trump Token. The general uncertainty and political factors in the crypto market make this more complex.
- High Sales Edition:The decrease of 43 %in recent weeks shows that investors make large sales.
- Criticism and Trust Problem:Politicians and analysts see Trump’s interest in the crypto industry as an ethical problem.
- Conflicts of interest:While some investors suffered major losses, companies affiliated to Trump generated $ 100 million revenue. This situation collects reaction.
- General Market Decrease:Trump’s new tariff plan created a negative atmosphere in the market. The decline in Bitcoin and other large coins affects the condition of coin.
What should investors do?
There is no such thing as certainty in the crypto market. Investor sensitivity may change at once. The Trump Token may fall to $ 5, but how long this happens, it is unknown.
Instead of panic, you need to monitor market signals
Analysts suggest that investors closely follow the price movements. If sales pressure continues in the short term, there may be more decrease. But a sudden recovery is also among the possibilities. The coming days will be critical.
