Trump’s digital currency continues its steady rise since its launch on Friday to occupy the 12th place in terms of market value of cryptocurrencies, with an increase of 236% in the last 24 hours and 1007% since its launch on trading platforms and more than 5000% since its announcement on Friday to trade at levels of $71 this morning, Sunday, January 19, with a market value of $14 billion and on its way to becoming one of the most successful digital currency launches.
With only hours separating us from the inauguration of US President-elect Donald Trump for a new term, investors and traders in the digital currency industry are looking forward to a new dawn and a new start after the US President promised in his election campaign to be more open than his predecessor Joe Biden, and thus expectations have risen for a series of executive measures supporting the crypto community.
Trump’s digital currency is classified as a meme currency, which is a type of digital currency with high risk and speculation, and caution must be exercised when speculating on it due to strong fluctuations.