After the launch of World Liberty Financial, Donald Trump’s hype in the crypto market has surged overnight. Donald has been continuously interacting with the crypto users since the beginning of the year, making it the year’s agenda. During this period, he declared himself as a crypto president and promised to fire Gary Gensler, the SEC chair, and develop the crypto industry, leading to his popularity. Trump’s popularity is also visible in the Super Trump Coin price, a Trump meme coin, which has grown to highs after the rising demand among crypto investors.
Analyzing The Super Trump Coin Price Performance
Super Trump Coin price is on the consolidation, moving between $0.007431 and $0.004837 for weeks now. Though it is not the best performance of this token, a quiet recovery is seen in the charts, where the price is currently at $0.005763 after a 7% surge in the week. In the last 24 hours, the price has surged by 2%, which is also significant for a meme coin as its trends are short-lasting.
However, compared to its prime, this is nothing worth considering. The STRUMP price has declined by almost 82% from ATH of $0.03169, which happened six months ago. It is unlike for any cryptocurrency to continue an exponential path through the years. The Super Trump Coin price has already boomed twice since its launch, setting two high peaks, and many analysts anticipate the biggest rally to come with Donald Trump’s win at the upcoming election.
However, despite the constant mentions of Trump and his collaborations in the crypto industry, it is not enough to bring it to new highs anytime soon.
Why STRUMP Price Is Rising Today?
The surge in the STRUMP price is mainly associated with Donald Trump’s rising popularity. These trump meme coins, including the Super Trump Coin, surged after Trump made the first crypto transaction as former President. During his wednesday rally, Trump visited PubKey, a popular crypto bar, where he distributed Hamburgers to the fans and paid the tab with Bitcoin.
One of the most historic transactions in #bitcoin history was just made.
President @realDonaldTrump buying burgers at @PubKey_NYC with @tpacchia.
Block height: 861871
You saw it here first. pic.twitter.com/moHUIKDxej
— PUBKEY (@PubKey_NYC) September 18, 2024
This has boosted his image among the crypto audience even more, leading to the recent hype in the Super Trump Coin prices. Another reason is the overall boost in the crypto market, which came after the Bitcoin price rose due to the Fed’s 0.5% rate cuts. As a result, the fear zone, which has taken over the users, has instantly turned to neutral, leading to more trades in the industry.
It is also clear with the global market cap which has increased 3.34% in the last 24 hours. It has brought the total to $2.21 Trillion, the highest in weeks, and the STRUMP price surge has also played a role in that. Thanks to this rapid boost in the market, many investors have succeeded in benefitting from the opportunity, including the three crypto traders making $2 Million in another meme coin called NEIRO.
Final Thoughts
In the last week, Donald Trump has made two impressive connections with the crypto industry, starting with the launch of World Liberty Financial and his first crypto payment with Bitcoin. These two interactions have led to a significant surge among the Trump meme coins. In this, the Super Trump coin price has increased 7% over the week and 2% in the last 24 hours. It is due to investors focusing on this crypto during the election hype.
The post Why Donald Trump’s Super Trump Coin (STRUMP) Price is Rising? appeared first on CoinGape.
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