- TRUMP token surged from $20 to $70 with $14 billion market cap.
- Donald Trump guarantees a crypto advisory council, boosting TRUMP’s credibility.
- Experts warn political backing risks inflating prices and harming crypto’s decentralized attraction.
Elon Musk turned Dogecoin real into a sensation all the device thru the 2021 bull market. The token surged to a $70 billion market cap after initiating at $10 billion inside of a week. Now, Donald Trump’s TRUMP token is gaining the same momentum. Launched earlier than his capacity second term, TRUMP skyrocketed from $20 to over $70 per token. With a market cap exceeding $14 billion, many wonder if this fresh coin will prepare Dogecoin’s explosive growth or crumple below hypothesis.
Its principal to glance how Elon Musk sent $DOGE in 2021 before the entirety of the bull market towards $10bn market cap within the fundamental week. Few months later he sent it to $70bn. Now glance $TRUMP, if we gape the same, tag shall be between $350 – $500 in few months..
Dont ignore it. pic.twitter.com/Wm1JLsIVOd
— Physician Revenue 🇨🇭 (@DrProfitCrypto) January 18, 2025
TRUMP Token Gains Momentum Backed by Donald Trump’s Affect
Donald Trump presented TRUMP token on Reality Social and X, sparking a enormous procuring and selling frenzy. Buying and selling volume hit $24 billion inside of days, and the fee tripled. Trump’s company, CIC Digital LLC, owns 80% of the token provide, aiming to dominate the meme coin speak. Trump furthermore promised to put a crypto advisory council thru an govt elaborate, bringing govt-stage backing to the project.
Experts, nevertheless, have voiced concerns. Larisa Yarovaya, a finance professor, warned that political endorsements typically inflate asset prices past sustainable levels. Tough govt backing might perhaps well also furthermore harm the decentralized attraction of cryptocurrencies. This possibility might perhaps well also scamper away patrons uncovered to financial losses if the hype fades.
Will TRUMP Token Replicate Dogecoin’s Success?
Dogecoin thrived on Elon Musk’s have an effect on and community-driven enthusiasm. Equally, Trump’s exact following might perhaps well also force TRUMP to fresh heights. Leading crypto firms have already contributed $10 million to Trump’s inauguration fund, exhibiting valid strengthen for his ventures.
On the opposite hand, challenges stay. TRUMP’s centralized provide and Trump family commerce ties elevate questions about transparency. The meme coin’s web speak entails a disclaimer declaring it functions as a symbolic expression relatively than an funding different, growing doubts about lengthy-term sustainability.
The upward thrust of TRUMP highlights the highly efficient mix of politics and cryptocurrency. Whether or no longer this token mirrors Dogecoin’s success or fades away is decided by public strengthen, law, and Trump’s continued have an effect on. One thing stays certain: $TRUMP has introduced a brand fresh wave of pride—and possibility—to the crypto world.
