NewsletterWill Crypto Prices React to Donald Trump’s Birthday Tomorrow?
Highlights
- Donald Trump’s 79th birthday on June 15 sparks the possibility of a major crypto price jump.
- Despite hype and market anticipation, the Trump meme coins and other assets are crashing today.
- Analysts warn of a short-lived rally unless Trump delivers strong crypto remarks.
Donald Trump’s birthday has become a global event, and the mass media, social media platforms, and netizens are actively checking this out. Investors expect a significant price rally considering his influence on the crypto industry, especially after his TRUMP meme coin launch and promises of introducing better crypto regulations in America. However, today’s crypto market crash also hints at other possibilities. Let’s discuss.
Donald Trump Birthday Sparks Optimism For Crypto Prices Pump
The 47th US President, Donald Trump, is turning 79 this birthday, June 15, coinciding with the Army’s 250th anniversary. Trump is set to host a large military parade in Washington, D.C., with many festivities. Amid this celebration preparation, the crypto industry is also enthusiastically awaiting a price rally, similar to one that happened on his inauguration day.
The hype around the Trump-themed meme coins is even higher. Some of these even witnessed a significant rally these past days, before crashing due to today’s crypto market crash. The Israel-Iran war’s escalation is affecting the broader financial market, raising concerns over shallow market response on Trump’s birthday.
Crypto Price Rally to Not Last Even if Happens
Even if the Donald Trump birthday hype fueled the coin prices, the rally could last only briefly. The Trump coins, like MAGA, TRUMP, and others, could witness a momentary pump like they did at many Trump-related events. The same could be true for the Official Trump coin, which has declined more than 85% from its peak.
It is currently trading at $9.9 with a 4% crash today, per CoinMarketCap.
However, the rally could form if the US President makes any significant remarks around the crypto industry. Crypto analyst Akash highlights the possibility of a further crash in the Trump coin price to the $8.02-$8.63 range before rebounding. In an optimistic scenario, like the president’s mention of crypto in his speech could push it towards $16.44.
Experts warn investors not to get blinded by the hype, as these Trump tokens lack utility and real value. Their hype fades as the selling activity increases. Besides, it is challenging to follow up with the rally clearly.
Frequently Asked Questions (FAQs)
1. Is Donald Trump’s birthday bullish for the crypto market?
2. Have Trump-themed meme coins reacted to the birthday hype?
3. Will Trump coin rally next?
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