Following World Liberty Financial’s debut, Donald Trump’s cryptocurrency buzz has increased dramatically in a short period of time. Since the start of the year, Donald has been in constant communication with the cryptocurrency community, making it a priority. He became well-known at this time after identifying himself as a crypto president and making promises to remove SEC chair Gary Gensler and advance the sector. The price of the Trump meme coin, Super Trump Coin, has reached record highs due to increased demand from cryptocurrency investors, demonstrating the widespread appeal of Trump.
Examining The Performance Of The Super Trump Coin Price
The price of Super Trump Coin has been consolidating for a few weeks, ranging between $0.007431 and $0.004837. Despite not being the token’s finest performance, the charts show a calm recovery, with the price sitting at $0.005763 following a 7% increase over the previous week. The price has increased by 2% in the last day, which is noteworthy for a meme coin because of how quickly trends may change.
Still, this is little to write home about in comparison to its former glory. Between six months ago, at the ATH of $0.03169, the price of STRUMP dropped by over 82%. It is uncommon for a cryptocurrency to grow at an exponential rate over time. Since its inception, the price of Super Trump Coin has already surged twice and reached two high points. Many observers predict that the largest spike will occur following Donald Trump’s victory in the next election.
Even said, there isn’t enough information to propel the cryptocurrency market to new heights very soon, despite the frequent allusions of Trump and his partnerships in it.
Why Is Today’s STRUMP Price Increasing?
The primary cause of the STRUMP price increase is the growing popularity of Donald Trump. Following Trump’s first cryptocurrency transaction as a former president, many trump meme coins—such as the Super Trump Coin—saw a sharp increase in value. Trump visited PubKey, a well-known cryptocurrency bar, for his Wednesday rally, giving out hamburgers to the supporters and accepting Bitcoin for payment.
This has further enhanced his reputation among cryptocurrency enthusiasts, contributing to the recent surge in Super Trump Coin values. Another factor is the general upswing in the cryptocurrency market, which followed the Fed’s 0.5% rate cut-induced increase in the price of Bitcoin. Consequently, the fear zone that had engulfed the users quickly changed to neutrality, increasing economic activity in the sector.
The fact that the worldwide market capitalization has climbed by 3.34% in the past day makes it evident as well. The STRUMP price spike has contributed to the total reaching $2.21 trillion, the highest level in weeks. Many investors have profited from the chance as a result of the market’s quick rise, including the three cryptocurrency traders who made $2 million in another meme coin called NEIRO.
Final words
Donald Trump has established two noteworthy relationships with the cryptocurrency world in the past week, beginning with the establishment of World Liberty Financial and his initial Bitcoin payment. The Trump meme coins have seen a notable increase as a result of these two exchanges. The price of the Super Trump coin has gone up 2% in the last day and 7% over the past week. It’s because during the election fervor, investors concentrated on this cryptocurrency.
