🆘 BE CAREFUL OF THE TRUMP EFFECT 🆘
The market is quite excited about the Trump effect as he officially returns as President of the United States, along with his promises regarding crypto during the campaign. Personally, I see that his promises may just be a primary aim to get voters to vote for him.
Also, quite surprisingly, a series of tokens related to Trump have seen price increases of several dozen to several hundred percent in recent days, only to experience declines of several dozen percent, halving or tripling right on the day he was elected President of the United States. I have shared many times that as the financial market, like crypto, develops, it needs to clear out the garbage of projects that are created solely to siphon off investors' money. There must be strict mechanisms for new projects preparing to go public, and real trust must be built for new investors. The financial market, like crypto, will always need new participants and new capital. The Trump effect could very well just be a liquidity trap for funds and sharks to offload their holdings.
Note: This article is a personal viewpoint, not investment advice. #MarketDownturn #MAGA #TRUMP