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Cryptocurrency News Video
Trump Coin: Is the next 10x cryptocurrency?
Jan 30, 2025 at 09:05 pm Greek Entrepreneurs
Trump Coin is a cryptocurrency associated with US President Donald Trump. The currency released in January 2025 immediately turned the attention of many cryptocurrencies. It is logical that its circulation was accompanied by many reactions, as others have been excited to others. After its release, Trump Coin experienced a rapid increase in its value, reaching a maximum of about $ 70. The price was then reduced to about $ 32, indicating significant volatility. So far, currency capitalization is about $ 6.56 billion. Analyzes show that Trump Coin has created at least $ 11.4 million in entities for entities linked to President Trump. Trump Coin's release has raised ethical questions, especially about possible conflicts of interest, as President Trump is able to influence cryptocurrency regulations. Critics argue that such ventures could undermine the credibility of the cryptocurrency industry and put risks associated with market manipulation. Following the introduction of Trump Coin and subsequent political decisions, the broader market for cryptocurrencies saw a recession. Bitcoin, for example, stabilized at about $ 105,000, reflecting market concern for possible regulatory changes. Therefore, the appearance of Trump Coin has undoubtedly affected the landscape of cryptocurrencies, emphasizing the interaction between political persons and digital assets.
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