With Trump's Inauguration Approaching, Will the Official TRUMP Coin Reach New Heights?
TradingKey - With Trump set to deliver his inauguration speech, will it boost the price of TRUMP to continue rising?
On Monday, January 20, the official Trump meme coin TRUMP surged over 60%, reaching a high of $75. However, after Trump’s wife launched the meme coin MELANIA, TRUMP experienced a sharp decline of over 47%, dropping to around $38, but has since rebounded to $60.
TRUMP Price Chart, Source: CoinMarketCap.
On January 18, President-elect Trump announced the launch of his personal meme coin TRUMP, stating that the website with the domain "gettrumpmemes" confirms TRUMP as the only official Trump meme coin. At 1 AM Beijing time on January 21, Trump will take the oath of office, presided over by U.S. Chief Justice John Glover Roberts Jr., and will then deliver his inaugural speech.
Currently, the global financial market, particularly the crypto market, is anxiously awaiting the content of Trump’s speech, hoping to gain momentum for a price increase.
Andrew Kang, co-founder of Mechanism Capital, is optimistic about the TRUMP token, predicting it could reach a circulating market cap of $100 billion and a fully diluted valuation (FDV) of $500 billion, potentially surpassing Dogecoin. As of now, TRUMP has a circulating market cap of $11 billion and an FDV of $59 billion.
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