Trump Meme Coin Returns: Donald Trump is going to be sworn in as the 47th President of the United States late tonight. Bitcoin has reached an all-time high of Rs 1.09 lakh even before Trump’s shift to crypto and his becoming president. At the same time, two meme coins launched by Trump have given 1000 times returns to investors.
On January 17, Trump launched the ‘Official Trump’ ($TRUMP) meme coin and later wife Melania launched the ‘Official MELANIA’ ($MELANIA) meme coin, causing a surge in the crypto market. Investors were happy with the many returns in Meme Coin and thanked Trump on Twitter.
Trump coin increased by 1100 percent
Trump meme coin jumped 300 percent within an hour of launch. Market cap reached $15 billion. Melania Coin, launched a day before the inauguration, jumped more than 100 percent. Which has fallen from the record high of $13.73 and is currently trading at $10.70. While Trump Coin jumped 1107 percent from the all-time low of $6.24 to $75.35 within two days. Which is currently trading at the level of $51.72.
Bitcoin also at its highest level till now
Due to increased buying by institutional investors, an aggressive bullish environment has been created in the crypto market. Bitcoin reached an all-time high of $109,114. The market cap of the crypto market increased by more than 4 percent. Ethereum is trading up 5 percent, Melania up 43.69 percent. However, Trump Coin is trading down 8 percent.
Crypto market is expected to improve
America’s new President Trump has a soft attitude towards the crypto market. Therefore, expectations are being fulfilled that as soon as he takes the official reins, he will take many reformist decisions for the crypto market. Also, these expectations have been strengthened by the launch of two meme coins by the President of the United States. Crypto experts have predicted that the crypto market will reach new heights in the near future. Bitcoin has indicated that it will soon cross the $1.50 lakh mark.
