The world of business is no stranger to the ventures of Donald Trump, infamous for his forays into diverse sectors such as steakhouses, casinos, and even an ill-fated attempt at an educational establishment. However, his latest project – a Trump-branded cryptocurrency, $TRUMP – made a meteoric entrance, raking in transactions worth 500K within the first 20 seconds of its launch. In a surprising twist, Melania Trump’s launch of her own coin, Melania ($MELANIA), swiftly resulted in a reduction of $5M, or 38%, from the value of $TRUMP. As Trump’s inauguration as the next US President coincides with these launches, spectators are left pondering whether Melania’s coin launch is a subversive act of revenge, or simply a strategic business move.
World Liberty Financial’s Dramatic Markup of Own Coins
Beyond $TRUMP’s launch, another, less flattering side to the Trumps’ dive into the crypto world has made headlines. Trump’s own cryptocurrency firm, World Liberty Financial, released 5 billion additional tokens of its own – World Liberty Financial (WLFI), due to “overwhelming demand.” In response to said demand, the firm decided to mark up those tokens by a shocking 230%, allowing Trump to comfortably address his legal fees and court rulings. Notably, the sale was initially only open to non-US citizens, presumably to avoid attracting the attention of the SEC for potential securities violations. This raises questions about whether this could be a veiled attempt at foreign influence on the part of Trump.
Meme Coins: A Rising Crypto Trend
As Bitcoin ($BTC) approaches the $110K mark and Ethereum ($ETH) maintains steady growth, it appears that the cryptocurrency world may be on the brink of explosive growth. Given Trump’s promise of crypto-friendly policies, it’s no surprise that investors such as Tron’s founder, Justin Sun, are eager to increase their investments – in this case, in World Liberty Financial, up to $75M. However, there are several meme coins that are gaining attention in the crypto markets. This article details five such coins that may be of interest to potential investors.
Wall Street Pepe ($WEPE)
The presale of Wall Street Pepe ($WEPE) has been a roller coaster, with both its popularity and token price increasing dramatically. With a month to go before the coin officially starts trading, it has already amassed over $53M in presales. Early investors are looking at a potentially significant return on their investment.
Solaxy ($SOLX)
Solaxy ($SOLX) has a mission to improve the current state of the Solana blockchain, which is plagued by slow and expensive transactions and backed-up networks. Using the Solaxy ($SOLX) funds, the team plans to renovate the Solana blockchain into Solana L2 (Layer 2) – a faster, more affordable system.
MIND of Pepe ($MIND)
Another member of the Pepe family, MIND of Pepe ($MIND), demonstrates significant potential, having already raised over $2.6M in its debut week. The coin, promising crypto investment advice based on “hive mind intelligence,” is one of the top AI agent coins currently stirring the crypto market.
American Coin ($USA)
The recent surge of interest in meme coins led by $TRUMP and $MELANIA has driven patriotic-themed coins such as American Coin ($USA) to rally. With a bullish rating of 92% on CoinMarketCap, and a trading value of $0.00001529, $USA has a total market cap of nearly $173M.
Milady Cult Coin ($CULT)
Finally, Milady Cult Coin ($CULT) rides on the wave of the Trump coin’s success and outperforms American Coin despite its lower CoinMarketCap rating of 75%. This successfully puts $CULT onto the radar of potential investors.
Invest Wisely: A Heedful Reminder
The recent surge of interest in both the Trump coin and the five potential meme coins outlined above is palpable. That being said, it’s crucial to conduct thorough research before making any investment decisions. Remember, this article is not intended as investment advice and all investments should be made with discretion.
FAQs
What is $TRUMP?
$TRUMP is a recent cryptocurrency launched by Donald Trump through his cryptocurrency firm, World Liberty Financial.
How did Melania Trump’s coin affect $TRUMP?
The launch of Melania Trump’s own coin, $MELANIA, resulted in a decrease of $5M, or 38%, from the value of $TRUMP.
What other meme coins are worth looking at?
Some of the potential meme coins worth considering are Wall Street Pepe ($WEPE), Solaxy ($SOLX), MIND of Pepe ($MIND), American Coin ($USA), and Milady Cult Coin ($CULT).
What’s the potential of $TRUMP or $MELANIA?
Like with any cryptocurrency, the potential of $TRUMP or $MELANIA depends on various factors. For an accurate, in-depth, and personalized prediction, consider using a leading cryptocurrency application like Finances Zippy.
