- What's next for alts and memecoins?
- Worth buying $TRUMP now?
- How to spot "the next $ TRUMP" early?
Few days before the inauguration, on January 18th, Donald Trump announced the launch of the $ TRUMP memecoin on his social media.
Initially, many suspected his accounts had been hacked, but it soon became evident this was not the case.
Within the first three hours, the memecoin's market capitalization soared to $2.15 billion. By the second day, it reached $70B FDV, setting a record.
The peak price was approximately $74.
Although Trump’s stance on crypto used to be different, over time, he changed his opinion and even launched several projects across various networks.
So, $ TRUMP is not the first crypto project by Donald Trump.
➜ Polygon: Trump Digital Trading Cards - $45M market cap
➜ Bitcoin: Trump Bitcoin Digital Trading Cards - $5M market cap
➜ Ethereum: World Liberty Financial $WLFI - $90M raised
➜ Solana: $ TRUMP Memecoin, 80% to insiders
The story of Donald Trump's family's involvement in crypto is apparently just beginning.
Trump’s World Liberty Financial has purchased four ENS domains in the last 24 hours:
• WorldLiberty.eth
• trumpcoin.eth
• erictrump.eth
• barrontrump.eth
We might soon see other memecoins launched on different chains.
Trump has a large dynasty, and if future tokens can establish a full $ TRUMP ecosystem, it would be massive.
Though it might seem like a joke initially, Trump's possibilities are genuinely unlimited, and I would continue to count on the ecosystem.
Moreover, the grand launch of $ TRUMP can safely be called a historic moment for the crypto industry, especially against the backdrop of other positive crypto news from Trump throughout his election campaign.
Trump family tokens could offer genuine utilities:
➜ Access to exclusive events
➜ Profit sharing from diverse business ventures
➜ Early access to upcoming Trump projects
➜ And more
The worst-case scenario is that none of the above will be used, and all these tokens, including $ TRUMP, will suffer the fate of past projects.
Gradually, the token and its associated projects will be forgotten.
However, I believe this probability is extremely low, as Trump's goal is to attract people to crypto.
By the way, on Friday, January 17th, a crypto ball was held in Washington.
The ball was dedicated to the shift in the U.S. government’s stance toward being more crypto-friendly.
At the ball, tech industry leaders celebrated Trump as the "first crypto president."
The sponsors of the event included Coinbase, Solana, MicroStrategy, Kraken, Galaxy Digital, and others.
The crypto community expects that by January 20th, one of Trump’s first 100 executive orders will focus specifically on the crypto industry.
That's why I firmly believe the $ TRUMP token will become the focal point of this growing ecosystem, with Donald Trump continuing to attract new people to crypto.
Whatever happens after the launch of $ TRUMP, one thing is clear:
- A situation like this, where people can potentially make a lot of money quickly, will attract a significant number of newcomers to the crypto industry.
This will completely change how many people perceive financial markets, rendering many investment books obsolete.
Now, the crypto market can be compared to the S&P 500 of the 1980s, when investment strategies were just beginning.
Statistics confirm that a HUGE number of newcomers have rushed into crypto.
According to Moonshot, the number of new users in the past couple of days has exceeded 400,000.
Just like the surge in Google searches for "buy crypto" and "buy $SOL ".
This means only one thing: the influx of new users has already begun.
With the influx of new crypto users and tokens linked to the president's family, we can expect celebrities to start launching their own tokens.
This could bring both positives and negatives, but I'm sure celebrity fans will be eager to buy their tokens.
● Given this context, is it worthwhile to buy $ TRUMP now?
In my view, the crypto market remains young.
If you believe in its continued growth and the potential development of the ecosystem around $ TRUMP, as mentioned earlier.....
Use the DCA strategy to buy cautiously.
And for the best entry points, refer to my guide.
Remember, $ TRUMP is highly volatile, and Donald Trump's statements can significantly impact its price.
"How to Identify the Best Entry Points in Memecoins"
● Does this mean the rest of the altcoins will die?
Obviously not. Liquidity in crypto is still very low, so money rotations into different sectors are highly visible against this backdrop.
So, coins that have some connection to Trump may get pumped up first.
Moreover, it is expected that representatives from a16z venture fund, which has invested in numerous crypto projects (including Coinbase), are expected to join the administration.
So, their current and future investments are likely to generate even more interest.
