TRUMP Coin is about to drop to only 6 USD - Buy when the price drops?

Trump Coin (TRUMP), officially priced at nearly $11.50, is still stuck in a worrisome short-term downtrend as the cryptocurrency market overall faces difficulties. Over the past month, TRUMP Coin has consistently reached lower highs and lower lows, indicating an increasing risk of a sharp decline below the $10 mark.

Macroeconomic instabilities, mainly revolving around the increasing concern that the U.S. economy may soon fall into recession, have significantly impacted risk appetite in recent weeks. In the past month, Bitcoin has dropped from nearly $100,000 to the current level of $80,000. As for TRUMP Coin, the situation is even worse, TRUMP has now fallen 85% from its peak after launching in January, to around $76. And the data on the chain shows a decline in interest in meme coins. According to the Dune dashboard from Gate.io_research, the trading volume has dropped to a small fraction among tens of billions of daily trading volume seen after the initial launch of TRUMP.

With a sharp decline in activity since its launch, it's no surprise that the price of the TRUMP token has dropped significantly. And with the macroeconomic instability likely to worsen in the coming weeks and months, the risk of this meme coin continuing to depreciate is very high. Should traders buy when the price of Trump Coin drops? Assuming the current downward trend continues (a quite large assumption!), the price of TRUMP could drop to around 6 dollars by mid-April.

Should traders buy when the price drops like this? Yes, there are a few factors to consider. First, the TRUMP coin seems to resemble a classic pump-and-dump. The initial rapid increase seems beneficial and enriches those involved, followed by a sharp price drop that causes later participants, including hundreds of thousands of people, to lose a lot of money. It's hard for any meme coin to recover after such a bad start. The TRUMP coin currently has over 650,000 holders, and most of them are likely suffering from massive unrecognized losses. It is also noteworthy that 80% of the supply will still be held by Trump/insiders and will be sold off in the next three years. This is a significant level of inflation. Therefore, traders buying TRUMP should be aware of the risk that this meme coin will never truly recover and will ultimately go to 0. No one should risk more than they can afford to lose on TRUMP token. Can TRUMP coin increase by 10 times? By saying so, the Trump brand is one of the most powerful brands in the world and will continue to grow even further in his four-year term. One can imagine a scenario in which macro conditions improve, the Fed starts pumping liquidity back into the market, and cryptocurrencies in general will make a strong comeback. TRUMP coin, as the coin of the President of the United States, can be popular in such an environment. It may even recover to a record high level and even higher. Do not rule out the possibility of increasing by 10 times compared to the current level. However, from a macro perspective, things may get worse before they get better, so holders of TRUMP should not be too optimistic!