Donald Trump has launched a token dubbed Trump coin ahead of the presidential oath. The token launched on Solana has already made waves in the cryptocurrency market, surging to sit at $53 at press time. The token has rallied more than 39% in the last 24 hours and is up 778% since its launch two days ago. If this momentum continues, the token will be on a pathway to claim a new possibility, banking on the presidential surge to hit $70-$80 eventually. Will this milestone be accomplished by the end of this month? Let’s find out.
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Trump Coin Becomes An Instant Mega Hit
Donald Trump, the current president-elect, is all set to take his presidential oath today. However, two days ago, Trump sent the cryptocurrency market into a frenzy after launching his own TRUMP coin on Solana. Soon after the launch, the token’s price skyrocketed to $40, displaying the eagerness of investors to explore new tokens in the market. TRUMP has surged dramatically to new highs, flipping Shiba Inu (SHIB)’s market cap earlier to hit the new top spot.
The token was officially unveiled on Solana, which led to SOL surpassing $250 in price valuation. Described as a coin that celebrates President Trump’s strength and courage after his assassination attempt on July 13th, 2024, the token is touted as a piece of iconic history that crypto users can explore and participate in.
“$TRUMP is now freely tradable on the blockchain. On July 13, 2024, President Trump faced death and came out fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement, becoming the most memorable meme of the century. Now, you can get your piece of history. This Trump meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community—we’re all about fighting for what matters.”
The token has already garnered immense success upon its launch. The speculation that Trump launching his own meme coin is an incredibly bullish move for the crypto market, in general, is gaining attention. The fact that Trump is already familiar with the domain and has signaled active interest in the realm is already pushing BTC towards claiming a new high of $110K.
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The Token’s Price Prediction for January 2025
Per CoinDCX, if TRUMP coin continues to gain momentum at the current pace, the token can hit $75 by the end of January 2025.
Per Mudrex, TRUMP can already stay afloat at $60 throughout 2025.
“Following current trends, TRUMP may stabilize between $40 and $60, supported by ongoing developments and political influences. Moreover, President-elect Trump’s pro-crypto policies, such as the proposed establishment of a national Bitcoin strategic reserve, could further bolster TRUMP’s value.”
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