- Bitcoin price sets new ATH but its gains seem low compared to those of new assets.
- TRUMP and MELANIA memecoins have experiences significant pups since their launch.
- In a short time both memecoins have become the most sought out tokens.
Bitcoin’s rapid bullish recovery and most recent ATH of $109,114.88 have reignited crypto sentiment across the global market. This pump was expected to arrive by the end of January or start of February but it seems an earlier start has been granted in no small thanks to Trump’s inauguration.
An event that pumped not only the price of BTC and other altcoins but certain memecoins in particular. Specifically, the crypto market saw a significant boost in the prices of TRUMP, the token launched last week by Trump himself and the token launched by Melania Trump today, MELANIA which shot up by 2,000%.
TRUMP shot up by a similar margin taking the price of the token from $7 to $75 in a matter of hours. However, it looks like capital has moved from TRUMP to MELANIA since the latter’s launch bringing the price of TRUMP down to $50.
MELANIA memecoin’s price shot up even faster when its listing followed through on major exchanges such as MEXC, BingX, Gate and Bitget. Community response has been bullish as we can see from the post above, one address used 2,500SOL ($0.68M) to buy 5.203 million MELANIA in the second minute after MELANIA was deployed, at a price of only $0.13.
The trader then began to sell, earning $30.4 million, with an average selling price of $11.25 and now still holds 2.5 million $MELANIA, worth $29.85 million. Indeed it seems like both memecoin show promising signs of significant gains this altseason. However, as always it is important to remember that the crypto market is a fickle and volatile place especially for memecoins where prices move with trends on a whim.
Traders, investors, and holders are advised as always to do their own research and stay vigilant so as to make the best of this robust market and make trades at favorable times. So should you invest in TRUMP or MELANIA tokens over other popular memecoins? Trending times in the market can offer greater gains howeve, caution is advised for volatile markets such as crypto.
The post TRUMP vs MELANIA: Should You Invest in TRUMP or MELANIA Over Other Bullish Memecoins? appeared first on Cryptonewsland.
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