Price Prediction for $TRUMP: Rise of 27% is the Beginning of the Recovery Process to Reach Record Highs?

The TRUMP coin ( surged in early trading on Friday, rising from below $11 to over $14.20 in less than 24 hours. According to CoinMarketCap, this means that the token has surged by 27% in the past 24 hours, amid a 325% increase in trading volume to over $2 billion. The announcement of the US/UK trade agreement is a catalyst for the sudden price increase of the TRUMP coin, reflected in the upward trend in the cryptocurrency market and global risk assets.

Investors seem to be hoping that this signals the thawing of trade tensions since President Trump began imposing tariffs on major trading partners in early April. The positive technical developments also support the idea that this latest price surge of the TRUMP coin may continue. The price of TRUMP coin has broken out of a long-term downtrend at the end of April, with a truly strong upward momentum after the White House announced a private gala for 220 holders of this top currency. After peaking at around $16.50, the price of TRUMP then dropped to $10, but found strong support at the 50DMA.

Can the price of TRUMP rise to a new all-time high? So does that mean a new price rally is returning or surpassing the current all-time high? Yes, ahead of the private Gala event for TRUMP coin holders at the White House, scheduled for May 22, the hype may continue to escalate. According to an article from Bloomberg, 76% of the largest cryptocurrency holders competing for a seat at the dinner table are non-U.S. buyers, as wallets used on exchanges are not available to U.S. residents. As the competition to enter the top 220 intensifies, this could lead to a significant increase in the price of the TRUMP coin in the near future. And that growth potential could be even greater if Bitcoin and the cryptocurrency market in general continue to see growth. BTC has risen back above $100,000 on Thursday and is aiming to retest this year's record high of $108,000. In the world of meme coins, setting an exact price target is almost impossible. However, buyers should not rule out the possibility of revisiting the mid-February high of around $23.50 in the near term, or even revisiting the cryptocurrency's all-time high of over $70. This could mean that TRUMP holders will see an increase of more than 5 times in the coming weeks. $TRUMP – A Good Long-Term Investment? Supporters of Trump Coin as a long-term investment argue that its association with the Trump brand, amplified by Donald Trump's global political influence and social media presence, could drive sustainable demand among loyal supporters and speculative investors, thereby potentially increasing its value over time. In addition, strategic partnerships, such as the relationship with World Liberty Financial, which reported token sales of $500 million, and potential investments from hedge funds or private equity firms, can enhance price stability and market acceptance, positioning Trump Coin as a uniquely branded political asset with sustainable cultural power. On the contrary, critics emphasize that this currency lacks inherent utility beyond speculative trading, noting that its value is heavily dependent on transient hype and Trump's personal brand, which may weaken or face regulatory scrutiny, as evidenced by concerns over conflicts of interest raised by ethics experts and the Democratic Party in Congress. Furthermore, concentrated ownership - 80% held by entities affiliated with Trump - increases the risk of market manipulation and volatility of this currency, peaking at $75 before dropping to $11, highlighting its susceptibility to rapid value changes, which could deter long-term investors.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)