Will Donald Trump’s TRUMP Memecoin Crash to $5?

After its launch, Donald Trump’s official token created a buzz in the crypto market. However, the buzz soon settled, as the TRUMP memecoin price declined with rising volatility.

Donald Trump’s official token created a buzz in the crypto market after its launch. However, the buzz soon settled, as the TRUMP memecoin price declined with rising volatility. It has continuously faced failures over recovery, resulting in investors’ fear of its crash. Some experts anticipate Trump’s token hitting a low of $5.

Is this an imminent event? Let’s discuss.

TRUMP Memecoin Price Analysis & History

Donald Trump launched the TRUMP token just three days before his inauguration, making it one of the top meme coins to buy. Soon, the TRUMP Meme coin surged as high as $70 on January 21 amid the hype surrounding Trump getting into power. However, sharp drops and significant fluctuations took over in a few days.

This changed its trajectory from bullish to bearish. During this period, FOTUS also launched her meme coin, MELANIA, which became a major hit and a restricting factor in TRUMP’s growth.

Once this phase ended, TRUMP’s value stabilized in the downtrend pattern. Today, the price has declined to $16.69 after a 5% drop in the last 24 hours and 43% over the week. Its trading volume has also declined 36% to $2.86B, showcasing decreasing investor interest. Interestingly, this trajectory entirely differs from what analysts anticipated by the end for the TRUMP and MELANIA memecoin price. The continuous downtrend seems more serious, as this could lead to a crash to the $5 mark.

Will Donald Trump’s Token Crash to $5?

Considering TRUMP’s current performance and turbulent market conditions, it would not be shocking to witness its fall to $5. The price charts highlight the 79% drop from the prime of $75.35; another 69.90% drop could push it to $5. Many crypto analysts predict a crash to $5 under the current situation’s resistance. However, whether this will happen in the next 15 days is uncertain.

In contrast, the crypto market’s bullish outlook could divert to an uptrend. Even Trump’s backing could fuel the recovery. Notably, Trump’s recent attempt failed, but the seller’s settlement may change the trajectory.

Factors That Could Lead To Trump Memecoin Price Crash

The current condition and the macroeconomic events are influencing digital asset prices, where the biggest crypto, Bitcoin price struggled. Although it briefly reclaimed the $100k mark, the negative sentiments dominate the market. The same is true for Donald Trump’s crypto, but additional factors are putting downward pressure, such as –

- Weak buying pressure: Despite being a meme coin, Donald Trump’s crypto has not managed to garner enough attention from meme coin enthusiasts. This lack of interest has resulted in lower demand and minimal buying pressure, ultimately contributing to the price decline.

- High volatility: Meme coins, in general, are known for their unpredictable price movements and high volatility. This characteristic is further amplified in the case of Trump's meme coin, making it highly sensitive to market shifts and news. As a meme coin, it lacks the stable fundamentals of established cryptocurrencies, which can lead to drastic price fluctuations and a potential crash.

- Lack of utility: Unlike practical cryptocurrencies that offer specific use cases or applications, Donald Trump's memecoin serves no tangible purpose or function within the crypto ecosystem. This absence of utility can limit its appeal to investors seeking practical applications and may hinder its ability to attract sustained buying interest, potentially contributing to a price crash.

- Competition from other meme coins: The crypto market is saturated with a vast array of meme coins, each vying for attention and investment. Among these, some coins, such as DOGE and SHIB, have attained immense popularity, overshadowing smaller memecoins. This competition can divert investors' interest and capital away from Trump's memecoin, impacting its price and increasing the likelihood of a crash.

Should You Worry?

In the crypto market, there’s hardly a surety for anything. The market trends change often; the same applies to the investor’s sentiments. This is why the TRUMP memecoin price performance depends on various factors and may or may not crash to $5. More importantly, the timeline could totally vary from a day to a month. As a result, instead of worrying, investors should closely monitor this token’s performance and market sentiments to accurately predict the next move.

Frequently Asked Questions (FAQs)

1. Why is TRUMP memecoin struggling on charts?

2. What factors could influence the TRUMP price crash to $5?

3. Will TRUMP's price ever recover from this slump?