Donald Trump’s meme coin $TRUMP remains stable at $8 billion, while Melania Trump’s coin falters at $3.97 and $762 million in market cap. Bitcoin trades at $105,717, reflecting a slight increase, amid expectations for regulatory changes after the presidential inauguration. The overall cryptocurrency market is experiencing volatility, with Ethereum and Solana also seeing price changes.
The meme coin linked to Donald Trump, $TRUMP, maintained its position with a robust valuation of $8 billion as of January 22. In contrast, Melania Trump’s corresponding coin has slipped out of the top 100 cryptocurrencies, now valued at $3.97, marking a slight decline from the previous day. The market capitalization of her coin stands at approximately $762 million, reflecting its recent struggles in performance.
As of 9:30 AM (IST) on the same day, $TRUMP was trading at $41.28, showing a notable 17% increase from the preceding day. With a market cap of $8.26 billion, both price and value have surged by over 17%. Meanwhile, heavyweights like Bitcoin and Ethereum also witness fluctuations, with Bitcoin priced at $105,717 and showing a moderate rise of 3.09%.
Trump’s inauguration led to earlier excitement around the $TRUMP token, which briefly peaked at $109,000 before settling down. Nonetheless, disappointment lingered among investors when crypto regulations didn’t materialize immediately after the inauguration. Matthew Dibb from Astronaut Capital remarked on the anticipation surrounding potential regulatory changes but suggested that real movement would occur gradually.
The total cryptocurrency market saw a downturn with a volume of $200.59 billion, a significant 36.58% drop in a single day. Ethereum has also experienced a gain, trading at $3,330.59, while the Solana network, supporting the Trump family’s meme coins, climbed to $254.67, showing an 8.38% increase. All eyes remain on future developments as the market continues to adjust.
The article discusses the current status of meme coins associated with Donald and Melania Trump amidst a fluctuating cryptocurrency market. It highlights how the $TRUMP coin is performing well, in contrast to Melania’s coin which is facing challenges. The context is set against the backdrop of the cryptocurrency landscape, particularly with Bitcoin’s performance and regulatory expectations following Trump’s inauguration.
In summary, the $TRUMP meme coin is experiencing notable growth, with an impressive $8 billion market value, while Melania’s coin struggles to stay relevant. Overall, the cryptocurrency market is undergoing significant changes, with major players like Bitcoin and Ethereum showing mixed performance and investor sentiment remaining cautious yet hopeful for future regulations.
Original Source: www.livemint.com
