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The TRUMP Coin is on a winning streak again. In the daily trend, the memecoin leads the trends. Among the 100 largest coins, no cryptocurrency is currently recording such high gains. Why is the US President’s fun currency so in demand now?
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TRUMP Coin on the Rise Again: Course Increases Massively
The TRUMP Coin is on a winning streak again. Currently, the token’s price is increasing massively. In the daily trend, OFFICIAL TRUMP (TRUMP) achieves higher gains than any other cryptocurrency in the top 100.
At the time of going to press, TRUMP is trading at $8.31. Over the last seven days, the value has increased by 43.12 percent. Since yesterday, it has increased by 21.24 percent.
The TRUMP Coin is thus clearly at the top of the market. It is currently the most searched token on CoinMarketCap – ahead of Pi and Bitcoin, which rank second and third in the trends.
The current price gains are a special feature. Finally, the market is in a rather mild phase. According to CMC, the mood is still characterized by fear.
That’s why TRUMP OFFICIAL is up 43 Percent
So why is TRUMP OFFICIAL rising by up to 43 percent right now? The cryptocurrency is experiencing gains after the US President promised yesterday to strike a “great trade agreement with China”.
In general, Donald Trump wants to get more involved in crypto. His social network Truth Social is to launch its own crypto ETFs on the market in cooperation with the crypto exchange Crypto.com. Initially, Bitcoin and Ethereum spot ETFs are planned.
In addition, users should be able to place crypto bets on Truth Social. According to analysts, the latest news could have convinced above all large investors, who are now betting on OFFICIAL TRUMP.
Speculators hope that the cryptocurrency could benefit in the future, as the US President is implementing new business concepts and the TRUMP Coin could thus once again become the focus of investors. An agreement with China could reinforce this effect, as it equips the crypto market with new security.
However, OFFICIAL TRUMP is not a cryptocurrency that is known for a real utility. The token is a memecoin and as such a mere instrument of speculation. It does not have any direct benefit from the entrepreneurial activities of the US President.
In order to increase interest in the fun currency, the 79-year-old held a meeting with its wealthiest holders in the spring. At that time, the concept worked – the price temporarily shot up.
