{"id":10110,"date":"2025-01-28T16:28:34","date_gmt":"2025-01-28T16:28:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10110"},"modified":"2025-01-28T16:28:34","modified_gmt":"2025-01-28T16:28:34","slug":"will-trump-meme-coin-become-a-top-10-coin-in-3-months","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10110","title":{"rendered":"Will TRUMP Meme Coin Become A Top 10 Coin In 3 Months?"},"content":{"rendered":"
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In less than six months, the total market cap of meme coins more than doubled. At one point in Q3 2024, it was hovering just below the $50 billion mark. After Donald Trump won, things changed. <\/span><\/p>\n

At its peak, the total market cap of all meme coins had shot to above $115 billion. Even though the subsequent cool-off across the crypto scene impacted valuations, optimism is high that the industry is here to stay and meme coins will continue to play a critical part in driving adoption.<\/span><\/p>\n

Explore: Best Mobile Crypto Wallets for January 2025<\/a><\/strong><\/p>\n

Meme Coins and Crypto Under Pressure<\/span><\/strong><\/h2>\n

This assessment is especially so following the unexpected launch of the TRUMP meme coin on January 18. It was a surprise to the crypto and meme coin community when the Solana token launched on Friday, after hours. Within three days, the token had shot up to as high as $73, lifting its total market cap to over $15 billion.<\/span><\/p>\n

Although TRUMP prices have since contracted, posting sharp losses after the January 20 inauguration, optimism is high that the token could, in the coming weeks and months, be a top 10 coin, perhaps flipping Dogecoin. According to Coingecko<\/a>, Dogecoin is the most valuable meme coin with a market cap of over $49 billion.<\/span><\/p>\n

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Will TRUMP Become A Top 10 Coin?<\/span><\/strong><\/h2>\n

The launch of the TRUMP meme coin was timely, coinciding with the political fanfare and increasing public interest tied to the president. Accordingly, it was not a surprise that prices sharply rose after launching, racing from above $5 to slightly over $73.<\/span><\/p>\n

At this valuation, TRUMP was among the top 20 coins, even flipping Chainlink, Avalanche<\/a>, and Stellar. These are solid projects redefining decentralized finance and even real-world asset tokenization.<\/span><\/p>\n

After the launch of the MELANIA token on January 20, prices began falling. At the time of writing, the meme coin is trading at around $30, commanding a market cap of around $5.9 billion. It is more valuable than Aave, Aptos, and Internet <\/span>Computer<\/span>, according to Coingecko data.<\/span><\/p>\n

\"\"<\/p>\n

Now, on X, an analyst said the TRUMP rally could just be getting started. Citing technical candlestick formation, he noticed that the token bottomed at $25, a 68% slump from all-time highs.<\/span><\/p>\n

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$TRUMP<\/a> bottomed at $25<\/p>\n

\u2013 68% drawdown from highs
\u2013 8 days of downward trend
\u2013 Bottoming structure, momentum reversing
\u2013 Still barely $6b market cap for a brand more known than Ethereum<\/p>\n

Target: Top 10 Coin pic.twitter.com\/RjHiFMAXwH<\/a><\/p>\n

\u2014 Andrew Kang (@Rewkang) January 28, 2025<\/a><\/p>\n<\/blockquote>\n