The cryptocurrency $TRUMP, announced by Donald Trump at the end of last week, saw a growth of 73 percent, reaching a price of $46.06 and a market capitalization of more than $9 billion, Reuters reports. The token, based on Trump's image after the failed assassination attempt in July last year, managed to conquer the market, with a daily turnover of $42.2 billion, quoted by BTA.
Trump announced his meme cryptocurrency, emphasizing his intention to be a "crypto president", with an ambition to expand digital assets and reduce regulations in this sector. He is expected to issue executive orders to support widespread adoption of cryptocurrencies and create more opportunities for investors. Such news has led to a surge in interest in bitcoin, which has also seen its value rise since Trump’s election victory in November.
Despite the new cryptocurrency’s successful launch, the most popular cryptocurrency, bitcoin, fell 1.64 percent today, trading at $103,510 as of 08:40 Bulgarian time, according to data from the platform "Bitstamp". However, bitcoin remains up 10 percent since the beginning of the month.
Shortly after Trump launched his meme token, his wife Melania followed suit and announced her own cryptocurrency $MELANIA.