{"id":621175,"date":"2025-01-24T14:32:20","date_gmt":"2025-01-24T14:32:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=621175"},"modified":"2025-01-24T14:32:20","modified_gmt":"2025-01-24T14:32:20","slug":"trump-coin-faces-correction-while-wall-street-pepe-presale-hits-58-million-milestone","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/trump-coin-faces-correction-while-wall-street-pepe-presale-hits-58-million-milestone","title":{"rendered":"$TRUMP Coin Faces Correction While Wall Street Pepe Presale Hits $58 Million Milestone"},"content":{"rendered":"
The $TRUMP meme coin remains one of the largest cryptocurrencies in the market, currently holding a market cap of $6.7 billion. Despite a previous peak of $15 billion, a market correction was inevitable due to the substantial volume and widespread investor interest.<\/p>\n
In the past, the rise of Dogecoin, fueled by celebrity endorsements like Elon Musk’s tweets, sparked a significant rally, and many saw similar patterns emerging with the Official Trump coin.<\/p>\n
In the early days of the cycle, many altcoins experienced a rapid increase in value as the market rallied, much like how Dogecoin led a charge that lifted other coins alongside it. However, a sense of caution surrounds the Official Trump.<\/p>\n
While it has surged recently, the market dynamics indicate that its potential for long-term gains may be limited. With a current market cap and a fully diluted valuation much higher, some investors are buying in with expectations of a small return.<\/p>\n