$TRUMP Meme coin was created yesterday which surged from $27 to $77 and then it went down to $36 and again wrong upto $53. $TRUMP is Donald Trump's newly created crypto coun which has soared ti $10 billion market value in just 1 day. By looking at the coin its look like a proper pump and dump coin having a good backend manipulation.
PC: Binance.com
One good thing happened today in the process thar Bitcoin has created its new All Time High, mainly because Donald TRUMP is swearing in today. And he will execute more than 200 orders and might be people are anticipating that it might have some good news for crypto people too.
Now coming to the $TRUMP Meme coin, I feel it creates a bad impression for crypto as a whole. I feel crypto coin should have some utility, I know $TRUMP is Meme coin but still I would only invest in those coins which has some utility in it. If I compare $TRUMP with Hive, Hive have much more valuable but still it is $0.40 and $TRUMP soared to $50. I am not going into the debate on what's the real value of the coin and other thing, but if we are presenting crypto to the whole world we should show its utility and not that it's a pump and dump coin.
Might be $TRUMP can surge to $100 but what is the real use of it. Crypto should be seen as a technology which can disrupt the real world problems. Like Bitcoin can be seen as a digital gold, some crypto should be used as a world currency and what not. But what we are seeing today that hold Meme coin and you will be millionaire. Than what's the use of utility coin, anyone can create a Meme coin and earn billions without having the good crypto projects.
And then his wife also created a coin, might be in future his daughter will also create a coin and thus every other person in his cabinet will create a Meme coin and what we will left with is just Meme coin without having the good coin which is beneficial for the whole world.
What's your thoughts on it, do you think $TRUMP coin is good.
