The world of crypto has been going through a period of turmoil. Two of the biggest digital currencies in the crypto world, Bitcoin and Ethereum, have suffered a major decline in their value over the recent past.
Bitcoin stumbled below the coveted USD 1,00,000 mark, while Ether had one of the biggest sell-offs.
In this chaos, where do of the newest meme coins added to the list stand?
Here the reference of course is towards US President Donald Trump’s $TRUMP, a meme coin that he launched a day before his inauguration.
This was followed by $MELANIA, another meme coin, this time launched by his wife and US First Lady, Melania Trump.
After a bombastic start, these two cryptocurrencies slipped in their valuation. The crisis became more acute when Trump went on a spree, threatening and even imposing tariffs on the US’s trading partners.
The volatility has now subsided a little after Trump kowtowed and pulled himself back from imposing any sanctions.
$TRUMP
When it comes to the most recent performance of these two cryptocurrencies, Donald Trump’s official meme coin stands at USD 18.99, marking a 30.45 per cent decline in the past 7 trading days.
$TRUMP
| CoinMarketCap
However, in the most recent trading session, the crypto gained close to 1.61 per cent in value.
$MELANIA
Meanwhile, when it comes to Melania’s cryptocurrency, the meme coin has slumped 31.41 per cent in the matter of the past 7 days. Even in the most recent trading session, the virtual currency only incurred more losses.
$MELANIA | CoinMarketCap
In the most recent trading session, the currency slumped by 9.77 per cent, taking the overall value of the $MELANIA to USD 1.54.
When it comes to the mainstream coins, as per the latest data, Bitocin currently stands at USD 98,962.82, having made gains of over 2.4 per cent.
Meanwhile, Ethereum or Ether gained over 2 per cent to reach USD 2,844.31.
