It seen like a surprise to many people when Trump lunched his $Trump memecoin prior to his inauguration as US president and this memecoin made a significante market capital of about $8billion before 24hours that it was lunched and was initially at bull run which motivated some investors to give it a thought for investment before it started to dip.
Some people were saying that the memecoin was hyp and politically motivated and influenced by some notable investors and celebrities and considering all the speculations behind the memecoin some people are anticipating that Trump may likely use his position as US president to influence his memecoin to have more economic potential that may probably bring a uniform bullish in the price of the memecoin.
What do you think about Trump presidency to his $Trump memecoin?
This Trump coin which was launched by him could be taken as a thermometer or asset to measure Trump's popularity among those in the cryptocurrency community, in my opinion. If Trump started to pass laws which are seen as unpopular against Bitcoin or cryptocurrency, then his memecoin is going to dump, on the other hand, if he starts to pass laws which deregulate the market and allow holders to keep their money once they cash out their positions, it is likely $Trump will rise.
Again, I am not a financial adviser whatsoever and I would not date to give advice on this matter to anyone (Do your own research).
I would personally not buy this coin because I already had a bad experience with Doge and I promise myself to stay away enough from memecoins.
Also, keep in mind this asset is likely to go down very quickly once Trump ends his second Term or once he is not longer an important public figure.
