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The Buzzing Bee
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🚨🔥 Donald Trump taking charge as the 47th President of the United States today. Meanwhile cryptocurrency prices have shown a remarkable rise in their values, especially the meme coins. TRUMP And MELANIA The launch of meme coins TRUMP and $MELANIA last week has been in hype (after the names of Donald Trump and his wife Melania Trump). Interestingly, as per the latest trump crypto news, as the Trump coin launched on Friday, January 17, its price surged so much as to place the meme coin in the top 20 cryptos by market capitalization. Its value totalled $14 billion. However, as the Melania coin launched today, January 20, TRUMP coin price fell 40% to $44.82 from $74.06 within a span of less than 24 hours. One may know that the Trump and Melania meme coins are fungible cryptocurrency assets, that are similar to digital currencies, that enable transactions and speculative trading. Both coins have been launched on the Solana blockchain network. Impact On The Crypto Market As per experts, the newly launched meme coins, TRUMP crypto and MELANIA crypto , may divert liquidity in the market. The co-founder as well as CEO at Pi42 has said, “The rise of speculative assets such as the TRUMP and MELANIA memecoins diverts liquidity and increases market volatility.” #TrumpMarketInsights $BTC $SOL $TRUMP
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Today's #Top10 Trending #Crypto #MELANIA #BTC #XRP #ETH #TRUMP #SOL #DOGE #ADA #LINK #HBAR
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The reason why so many people will lose money on TRUMP and MELANIA coins, and only a few will get rich Donald Trump and his wife Melania Trump launched their respective memecoins, $TRUMP and $MELANIA, and you've read the headlines. The market cap shot up to billions, and people made millions off of them. Good for them. But there's a reason why a few people will have been made millions, but a lot more people will lose money. The problem with these coins is their value comes from hype, and hype dies down. Unless you're doing this for a living, and are very good at it (or very lucky), the only way to make money here is by timing the market, which is extremely difficult. If you're hearing about it today, it's already too late. If you heard about it yesterday, it was already quite late. It may go up again, no doubt, but it likely won't. And if it will, it won't make anyone 'millions'. But a lot of people will join the bandwagon today, or tomorrow, or the day after. And they'll expect huge profits, which won't happen. So they'll wait. And then it'll go in the red. When it's in the red, they'll be like, "no I don't want to lose money on this", so they'll wait. But it might not go up. And it definitely could go down more. And then a lot of people will sell at a loss. After all, markets, like everything else, follow psychology. $TRUMP $BTC
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Bitcoin(BTC) ➡️Timeframe: Weekly One of most important weeks is here and we expect to see "Buy The Rumor, Sell The News" scenario to happen. Now with recent Trumps and his wifes memecoins ralling the markets, while taking away the liqudiity is shwoing how eaity it is to just sweep away the markets liquidity which is very dangerous thing to do. Now don't get us wrong here, we are bullish on long term for the whole market as we thing the ATH is not yet formed properly, but current market is just full of FOMO and people are rushing into anything, which can lead to proper correction to come, which we are also waiting for. Keeping an eye on that $70-75K and looking for some more confimations (like a break of $90K). $BTC
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🧪 Stellar (XLM) Price Gains 12% With Trading Volume Reaching $1.75 Billion Chart: XLM Price Analysis. Source: TradingView XLM surges 12% with volume hitting $1.64B. RSI at 65.7 shows strong momentum. Price eyes $0.485 resistance level. 💡 Quick Take: $0.50 break could trigger quick move to December highs. Support sits firm at $0.43. Past volume spikes like this led to 15-20% gains. Watch RSI - readings above 70 typically sparked pullbacks. $XLM
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