OFFICIAL TRUMP Coin Price Prediction

The price of TRUMP today is $5.69, changing within the past 24 hours for 0.83% and -3.15% over the week. TRUMP’s price action is characterized by the Bearish sentiment.

The current volatility index for TRUMP is measured at 9.17%. TRUMP’s circulating supply is 200M. In the big picture, the highest price TRUMP has reached is $76.9821 and its lowest observed price was $4.1891.

TRUMP Sentiment

Which way the market swings today? Overall, technical indicators show that currently, the sentiment in the TRUMP markets is Bearish. The Fear and Greed Index for TRUMP today is in the 29 (Fear) zone.

What is Official Trump Meme ($TRUMP) Token?

TRUMP is not the first token to use the likeness of Donald J. Trump, who has recently become President of the United States for the second time. However, The Official Trump Meme token with the ticker symbol TRUMP is the first officially endorsed cryptocurrency to be associated with him.

The association does not end with the endorsement: the “Trump Memes” or “Cards”, as they are referred to in the official sources, are issued and overseen by CIC Digital LLC and Fight Fight Fight LLC, both owned by Trump. The reception of the token was met with criticism due to 80% of the TRUMP supply reserved for these entities. Another major reason for the controversy was the fact that the presidential candidate had released a meme coin just a day before assuming the position which enables him to influence crypto policy.

What does the OFFICIAL TRUMP price depend on?

Does the TRUMP token have any real value or is it a pump-and-dump scheme? In the aftermath of the storm caused by the meme token and the inauguration, the crypto community seems to be pondering this question.

The project has faced a lot of backlash as soon as it started gaining traction. Notable community members have criticized it for the obvious profit chasing and suspected the President of a conflict of interest. For example, the token distribution reserves 80% of the supply for vesting to insiders during the term. In value terms, at the current TRUMP price, it is $28 billion, while the previously estimated net worth of Donald Trump was $5 billion.

Despite the backlash, there are also bullish voices supporting the meme coin. There is no doubt power behind a brand of the world’s strongest supernation’s president but TRUMP is not the first meme coin to use his likeness. What seals the deal for this project is an official endorsement. Unless Donald J. Trump somehow loses most of his political capital, the token will have the clout to back its memetic value for at least four more years.

Judging by the hottest threads, Reddit users do not seem to have a high opinion concerning the TRUMP coin price prediction. What about traders and experts? Let’s see in the following sections.