Donald Trump's official TRUMP meme coin entered the market on January 17 and surged 3500% within a day. The surge continued until today, creating an ATH of
The cryptocurrency market has seen a new trend with the introduction of the TRUMP and MELANIA meme coins, which have attracted attention with their rapid price increases. These coins, officially representing the soon-to-be 47th US President and First Lady, have seen a surge in demand, driving up their prices and trading volume to remarkable levels. However, these meme coins have also faced volatility, with significant drops that have raised concerns about their long-term performance. As we approach the end of January, let's examine the standing of these tokens.
TRUMP and MELANIA Meme Coins Enter With a Bang
Launched on January 17, Donald Trump's official TRUMP meme coin saw a 3500% surge in just a day. This surge continued, reaching an all-time high (ATH) of $75.35, driven by high demand and trading volume. Currently, the TRUMP token price remains bullish at $57.47, with a $51.90 billion trading volume, indicating a 250% increase.
This move not only makes Donald Trump the first sitting US President to hold meme coin holdings but also marks the launch of his own meme-themed cryptocurrency. As investors show enthusiasm for this, critics have expressed concerns regarding Trump's involvement with a volatile asset.
Following closely, the MELANIA meme coin also entered the market, showcasing a similarly bullish rally. Within hours of its launch, MELANIA surpassed the TRUMP coin, reaching an ATH of $13.73. However, being a meme coin, volatility took over, leading to a swift correction, with the token now trading at $10.92.
Before Inauguration Day, Donald Trump's launch of a meme-themed cryptocurrency was a pivotal decision, and the crypto community is keeping an eye on these tokens' further performance. However, there remains a fear of a crash.
TRUMP and MELANIA Memecoin Price Prediction for January End
The performance of the TRUMP and MELANIA meme coins has been largely in line with their bullish trend, as one would expect. However, due to their recent launch, only limited technical factors can be considered for their long-term prediction, especially as the prices of TRUMP and MELANIA face volatility challenges. Despite this, the future looks promising for these cryptocurrencies, given their association with the elected President and his wife. If Donald Trump's inauguration unfolds as investors anticipated and the crypto maintained its bullishness, the TRUMP meme coin price could reach $100 by the end of January.
