Over the last day, the cryptocurrency linked to Donald Trump, known as OFFICIAL TRUMP ($TRUMP), has surged an additional 130%. Analysts are anticipating that its value could potentially double by January 20th.
TRUMP memecoin to “100 Billy”
Arthur Hayes, a co-creator of the cryptocurrency trading platform BitMEX, has ignited discussions within the digital currency sphere by expressing his thoughts about the rapidly growing meme coin.
“More than halfway there,” Hayes said as TRUMP price was trading around $60 on Jan. 19.
Degens let’s celebrate the emperor by sending his memecoin to 100 Billy by Monday.
This battle cry served as both a call for immediate action and an indication of the potential future growth path for the memecoin. Hayes suggested that the coin could reach a market capitalization of $100 billion by January 20, which was the date of Donald Trump’s inauguration as U.S. President.
Over the last few days, the surge in popularity for the TRUMP memecoin has made it a hot topic in the world of cryptocurrency, due to its link to President-elect Donald Trump.
2 days before his formal swearing-in, the TRUMP memecoin was introduced and almost instantly gained significant worth, reaching a market capitalization beyond $12 billion, or a fully diluted value of $75 billion. This rapid growth placed it among the top 20 cryptocurrencies by market cap at the time of this writing.
Additionally, it’s worth noting that Solana (SOL) has surged closer to unprecedented peaks, notably in comparison to its main competitor, Ethereum (ETH).
Overnight, the swift expansion of this memecoin has substantially altered the crypto market’s terrain, causing liquidity to migrate from other altcoins and concentrate on this new coin instead.
Political accountability onchain?
Listing the memecoin on prominent platforms such as Binance and Coinbase has significantly increased its accessibility to a wider public, thereby boosting its popularity and contributing to an increase in its total market value.
Additionally, Hayes suggested the possibility of composing an essay that posits Trump could foster political accountability through the use of on-chain mechanisms, leveraging memes, financial incentives, manipulation, decentralized exchange platforms, and free market dynamics.
This implies a more complex storyline, where meme-based cryptocurrencies might become a tool for political communication and interaction, possibly shaping the way politicians engage with their online followers in today’s digital world.
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2025-01-19 21:22