Is Official Trump (TRUMP) a Boon or Bane for Crypto Markets?
Aside from the upcoming inauguration, which is scheduled to take place on January 20, Donald J. Trump managed to capture the crypto community’s attention via a very surprising and extraordinary move made on Friday evening.
The meme coin that he and his team launched and promoted has skyrocketed in a spectacular fashion, becoming the second-largest in its field. Is that good or bad for the overall meme coin landscape and crypto as a whole?
The Bad
It has been less than two full days, but Official Trump, going under the ticker TRUMP, has become a top 20 altcoin on CoinGecko and CoinMarketCap and is even close to cracking into the top 10 on the latter. Its market capitalization has shot up to nearly $15 billion on CMC,…
