Since Donald Trump unveiled the official Trump cryptocurrency last Friday, the price of this coin has started to skyrocket. The price of this meme coin was $67 which is now decreasing. Now the current price of the coin has dropped to $42 although it dropped to $34 12 hours ago. From there, the price has improved a bit and reached $42.
Donald Trump is a popular person all over the world. So as soon as he unveiled the coin, the news spread all over the world and investors started investing. Many people are criticizing Trump for his interest in crypto. Joe Biden is also one of them. But what Trump is doing has a positive impact on cryptocurrency. Where the Trump government is giving importance to crypto, it is expected that the governments of other countries will also be good at crypto. Governments of different countries will now think about how to use it without opposing crypto. Their laws will bring cooling so that people can trade cryptocurrencies without any problems. The negative perception around crypto around the world will change. Investment in cryptocurrencies will increase, as a result, crypto users will be able to make a lot of profit. Trump's one statement has taken the price of Bitcoin to $108k, so Trump's contribution to crypto will play a more important role. I think that the price of Bitcoin will increase a lot and people will be more enthusiastic about buying crypto.
It is difficult to say whether the Trump official coin will be able to maintain its price. Trump's popularity may depend on it. If dogecoin can gain so much popularity, then Trump official can also. Trump has his own social media, where he will widely market the coin. There are thousands of news stories about Trump official all over the world, users are discussing a lot on social media and people are mentioning the name of this coin by word of mouth. This is a huge marketing that can increase the price of Trump coin a lot.
No other coin has been promoted like the Trump Official Coin. Donald Trump will appeal to investors in various ways to invest. He will not want to let his coin fall and he holds the power of the USA in his hands. So there is no way but to be positive about the Trump Official Coin.