The TRUMP meme coin, the official Donald Trump cryptocurrency, took the crypto world by storm upon its launch on Friday. Within hours, it became the hottest topic in the market, captivating investors and enthusiasts alike. By Saturday morning, as the U.S. woke up to the news, the TRUMP coin had skyrocketed to an astonishing $30, marking a jaw-dropping 12,000% increase from its launch price. Related Reading: Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target The exponential rally that unfolded overnight now seems like just the beginning. The coin’s meteoric rise barely makes a dent in its increasingly vertical chart. With a staggering $6 billion market cap and a fully diluted valuation of $30 billion, the TRUMP coin is quickly establishing itself as a phenomenon in the meme coin category. For early investors, the returns have been life-changing. A modest $10,000 investment at launch is now worth an incredible $1.2 million, highlighting the massive potential of this viral asset. As the TRUMP coin continues to dominate headlines, speculation is growing about whether this is a short-lived hype or the start of a new trend in the crypto space. With such explosive growth, all eyes are on this unprecedented meme coin’s next move. TRUMP Becomes The Biggest Meme Coin In History At 9:44 PM ET on an otherwise quiet Friday night, President-elect Donald Trump made history by launching the $TRUMP meme coin, which has already become the biggest meme coin phenomenon the market has ever seen. According to The Kobbeissi Letter, a trusted voice in global capital markets commentary, TRUMP is up a staggering 9,500%, with $2.2 billion in trading volume within just 12 hours of its launch. Initially met with skepticism, the announcement of $TRUMP’s launch seemed so implausible that many traders assumed Trump’s account had been hacked. However, with no official statement refuting the coin’s legitimacy, confidence grew—and so did the price. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors – Sign Of Strength? By 12:45 AM ET, TRUMP had broken above $10, accelerating into a parabolic rally. In the early hours, traders witnessed unprecedented returns. One investor reportedly turned $50,000 into nearly $1.1 million in just two hours. Remarkably, TRUMP outperformed the S&P 500’s 30-year cumulative return within that same short window. A key factor driving the coin’s explosive price action is its limited circulating supply. Only 20% of the maximum supply—200 million coins—is currently on the market. Over the next 36 months, the remaining 800 million coins will gradually be released. Speculation is rife that Trump himself holds this undistributed portion, potentially giving him substantial control over the asset. With $TRUMP already establishing itself as a phenomenon, the coin’s trajectory remains a captivating spectacle. This unprecedented rally and intrigue surrounding its supply mechanics have cemented it as one of the most extraordinary stories in crypto history. Price Action And Market Cap Details The explosive rise of the TRUMP coin has prompted questions about its Market Cap and Fully Diluted Valuation (FDV). With a total supply of 1 billion coins, the FDV—if all tokens were circulating—would stand at approximately $21 billion based on current prices. However, since only 200 million coins (20% of the total supply) are currently in circulation, the market cap is approximately $4.2 billion. This significant disparity highlights the impact of circulating supply on valuation metrics. Related Reading: Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours Price action, for now, provides limited insight into the coin’s future. There is little data to conduct meaningful technical analysis. The TRUMP chart essentially consists of a parabolic green candle, reflecting its meteoric rise in an hype-dominated environment. This leaves the market with one critical question: can demand sustain current levels as the remaining 80% of the supply gradually enters circulation? The TRUMP emission schedule outlines how the maximum supply will be reached over the next 36 months. Skeptics argue that this influx of supply could lead to oversaturation, ultimately sending the coin’s price plummeting to $0. On the other hand, bulls believe the schedule’s gradual nature allows demand to keep pace. This could mitigate the risk of significant price dilution. For now, the debate continues. Featured image from Dall-E, chart from TradingView
Moonshot is currently the #1 finance app, and the #7 free app overall, on the US Apple App Store in the wake of Trump's memecoin launch.
Kalshi bettors put the odds of Trump creating a Bitcoin reserve in 2026 at roughly 70%.
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Bitcoin struggles to hold $100,000, but this could change once regulations shift and institutional adoption becomes even easier.
President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources. This move aligns with his campaign pledge to establish a Bitcoin reserve alongside other potential crypto-focused policies to strengthen the US […]
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US President-elect Donald Trump is reportedly open to establishing a strategic reserve that would include US-founded cryptocurrencies.
The US House of Representatives has named the vice chair who will lead the Congressional subcommittee tasked in overseeing policies and proposed measures involving crypto. The lower chamber of the US Congress recently announced subcommittee assignments for the 119th US Congress ahead of the upcoming inauguration of President-elect Donald Trump who pledged during the campaign to […]
The chief research analyst at 10x Research, Markus Thielen, thinks Bitcoin has a bright future. If Thielen’s crystal ball is correct, the digital asset might potentially experience significant price swings on January 29, 2025, once it breaks out of its so-called “symmetrical triangle” formation. Related Reading: Solana Tops The Charts As Artificial Intelligence Go-To Blockchain Platform —Research However, the path to this breakout is fraught with variables that could sway Bitcoin’s trajectory in any direction. Breaking Down The Technicals Bitcoin has been trading in a symmetrical triangular pattern for quite some time. These patterns typically signify consolidation, implying that the market is gearing up for a major move. Thielen sees this as a possibility for a breakout, which might push Bitcoin over its resistance levels. However, he adds that there is no assurance. The breakout may happen either way. Inflation And Fed Decisions Affect Bitcoin A breakout may not be fully based on technical analysis. Thielen notes that inflation data and Federal Reserve interest rate decisions will have a significant impact on Bitcoin’s future price behavior. If inflation remains high and the Fed continues to raise interest rates, the market’s risk appetite may decline, impeding Bitcoin’s growth. Alternatively, if economic conditions improve, Bitcoin may skyrocket. Timeline For Breakout Thielen speculates that Bitcoin will break out on January 29, 2025. If this schedule is accurate, we could witness a huge movement in the market. However, time, like all predictions, is subject to uncertainty. Thielen, meanwhile, alluded to a bullish break and the ensuing Bitcoin surge. Growing anticipation of increased Consumer Price Index (CPI) numbers served as the foundation for the market expert’s claim. The market may take longer to break through or face unexpected volatility, which alters the present trend. Investors should be cautious because the breakout could happen sooner or later than planned based on market conditions. The Uncertainty Factor While many analysts have a bright outlook, Thielen warns on prudence. Bitcoin’s price is famously volatile, with the possibility of huge volatility remaining. Investors should be aware that Bitcoin can encounter obstacles that restrict its breakout potential even with the positive technical patterns. Navigating this unpredictable terrain will depend much on risk management. Related Reading: Analyst Declares XRP A Bullish Favorite – Rally Imminent? Bitcoin In The Green Today Bitcoin was trading at $99,197, up 2.3% and 4.1% in the daily and weekly timeframes when this report was made. Featured image from Techopedia, chart from TradingView
The Texas Blockchain Council is optimistic about Trump’s comeback — but miners may face new difficulties in Texas.
World Liberty Financial (WLFI), a DeFi initiative linked to US President-elect Donald Trump, has addressed concerns about recent Ethereum transactions worth $60 million. On Jan. 15, the project clarified that the movements are part of its routine treasury management, dispelling speculations of asset sales. It stated: “To be clear, we are not selling tokens—we are […]
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The DeFi protocol is proposing using 20% of revenues for monthly buybacks to boost benefits for stakers.
As we enter January 2025, Dogecoin (DOGE) is once more piquing the interest of investors and crypto aficionados. With a market capitalization of more than $50 billion, this meme-inspired coin—which is presently trading at around $0.34—has grown to be a key participant in the cryptocurrency market. Given recent price swings, many are guessing about the direction of Dogecoin. Related Reading: Bitcoin To $350,000? Top Crypto Influencer Makes Bold Prediction Historical Patterns And Future Growth There is considerable cause for excitement around Dogecoin. Analyst Cephii has concentrated on historical trends, particularly the notable 1,107% increase in Dogecoin following the January 2021 inauguration of US President Joe Biden. Cephii speculates that something like this could occur following Donald Trump’s January 20, 2025 election. History will most likely repeat itself, hence the value of Dogecoin will grow significantly and reach roughly $4.15. Last cycle, $doge pumped about 1100% a week after inauguration. Interesting. So far, post election pattern is nearly identical. pic.twitter.com/DnCK82fvNw — Cephii (@Cephii1) January 13, 2025 Trump’s inauguration is scheduled for January 20, 2025. In contrast to previous administrations, his victory has already positively influenced the whole crypto market. The values of other cryptocurrency assets, including Dogecoin, surged immediately upon the confirmation of Trump’s victory. Market Predictions And Sentiment Market sentiment about Dogecoin is caution and optimism all mixed together. While some analysts would call for a more cautious approach to pricing, others join Cephii in his bullish stance. There are vast variations in predictions of the future price of Dogecoin, with some even hitting modest increases while others believe the meme coin has a big chance of reaching $5. The latest 14% increase has been primarily credited to large investors, or “whales.” This is an indication of a rising confidence that Dogecoin will soon cross the much-anticipated $1 threshold. The Bitcoin Connection Investors in the volatile cryptocurrency market need to be ready to deal with a wide range of challenges and opportunities. While some analysts are pessimistic about Dogecoin’s long-term prospects, experts like Cephii are bullish on the prospect of significant price gains. Though Cephii’s research points to a fascinating potential for value growth, investors should proceed with care due to the unpredictable nature of the cryptocurrency market. Related Reading: $7,000 Ethereum In Sight? Expert Breaks Down The Potential Path The Road Ahead The future performance of Dogecoin will be continuously tracked. Given its impressive correlation with the flagship digital asset—nearly 97% over the past month—Dogecoin may profit if Bitcoin continues to rise. This connection highlights the significance of monitoring these market dynamics by linking Dogecoin’s trajectory to fluctuations in the price of Bitcoin. Featured image from Pixabay, chart from TradingView
XRP is presently the focus of interest in the cryptocurrency market, with many speculators forecasting a large price increase in the months ahead. As of January 13, 2025, XRP is trading about $2.39, following a significant recovery from a previous slump. Analysts are optimistic, predicting that if XRP can reproduce even half of its amazing 2017 run, it might reach $15. Related Reading: Bitcoin To $350,000? Top Crypto Influencer Makes Bold Prediction The Path To $15 XRP’s prospective price of $15 is not a random assumption; it is based on historical performance and current market factors. In 2017, XRP had an incredible rise of more than 1,300%. If it can follow a similar path this time, a $15 price tag is within reach. Market expert Bobby A notes that XRP’s current moves are similar to its previous history, which frequently precedes large upward increases. XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle. From its range-high breakout in 2017, as illustrated by the horizontal black dashed line above, XRP initially appreciated by 629%. From its range-high breakout in 2024, XRP has… pic.twitter.com/Cz7guxjFus — Bobby A (@Bobby_1111888) January 1, 2025 Factors Driving The Surge There are a number of reasons for the present upbeat sentiment around XRP. One is the changing political climate in the US following Donald Trump’s reelection, which many believe will lead to more pro-crypto legislation. The second is the hiring of pro-crypto SEC commissioners, who may settle unresolved legal matters for XRP’s creator, Ripple. For institutional investors, who have been reluctant to enter the market because of ongoing legal battles, this legislative stability is essential. The altcoin has also become a feasible medium of exchange for international payments, solidifying its position as a pioneer in financial innovation. Ripple’s expanding alliances with major financial institutions increase trust and interest in XRP as a useful payment method. Resistance Levels And Market Trends Despite the euphoria, analysts are warning that XRP has significant resistance above $2.45. This has been a both support and resistance level in past cycles. The breaking of this barrier may unlock more price rallies that may eventually reach prices at $2.75-3.0. According to analysts, higher trade volumes will be very crucial in resolving this challenge. Related Reading: $7,000 Ethereum In Sight? Expert Breaks Down The Potential Path In recent weeks, XRP has proved resilient enough to rise from earlier lows by 15%. Although there have been short-term drops, the recovery validates the optimism level of investors regarding long-term chances for XRP. Bobby A’s analysis presents a gently optimistic picture of XRP based on past performance and present market conditions. If XRP can maintain its upward trajectory and surpass past defined resistance levels, he believes it may approach significant pricing benchmarks not too long off. XRP is clearly in an excellent position for possible breakthroughs as 2025 progresses. While some analysts are more practical and believe the price will only hit $5 by the end of the year, others believe it will reach $15, or even more. Featured image from DALL-E, chart from TradingView
German policymakers are ramping up their efforts to integrate the blockchain and Bitcoin into its financial system. In a recent Blockchain Roundtable hosted by Fraktion der Freien Demokraten and Frank Schäffler, parliament members and resource persons explored a few key proposals that can help the government achieve its objective. Related Reading: Bitcoin Experiences Sharp Capital […]
Donald Trump is making news once more, but this time it’s not for political reasons; it’s about cryptocurrency. As he prepares to return as the 47th President of the United States, Trump will become the first sitting president to own meme currencies, a decision that has stirred both enthusiasm and skepticism in the crypto community. […]
New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC commissioner to take the agency’s helm.
Bitcoin’s ability to hold the $100,000 is being suppressed by rising treasury yields and a strengthening dollar. Is the “Trump trade” ending?
Overcollateralized stablecoin issuers like Tether and Circle are collectively the world's 18th-largest buyers of US government debt.
Bitcoin fails to rebound after a $5,000 drop in a single day, with a BTC price retest of $88,000 now "highly probable."
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A top executive of the largest cryptocurrency index fund firm expressed optimism about the impact on economic policies on the digital asset sector upon the official return of Donald Trump to the White House this month. Bitwise Asset Management CEO Hunter Horsley recently provided fascinating insights on how the Trump administration could transform the cryptocurrency […]
Traders are positioning for a rally to record highs after President-elect Donald Trump takes office on Jan. 20
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"This is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years," the CEO wrote.
A leading cryptocurrency firm forecasted that Bitcoin price would surge next year, fueled by President-elect Donald Trump’s proposal for a US Strategic Bitcoin Reserve. Crypto company Blockware Solutions sees that Bitcoin could hit $400,000 per coin in a bull run if the proposed BTC reserve pushes through or still reach $150,000 in a bearish trend […]
Cointelegraph recounts the most memorable moments on X this year which influenced crypto and crypto culture in 2024.
Although the US dollar has lost over 90% of its value since 1913, it continues to dominate all other fiat currencies as a store of value.
Republicans currently have a narrow majority in the United States House of Representatives, where the party holds 219 seats.