The world is facing some tough times when the western world is quarrelling with each other which is really a surprising fact for me. The abrupt taxation throughout the world by US administration is the key defining factor for many things and the overall global economy is facing difficulties as the trust is not so strong with dollar as it is from the long history. All the nations are trying to get rid of from the underlying pressure from the dollar system economy which is still the main trading currency all around the world. The continuous gold price surging is the key parameters that can be easily understood that investors are not trusting the USD as the safe house for their value storage as the sky-high national debt is alarming for the dollar economy.
And amid such situation the TRUMP coin which was a coin that got tremendous momentrum and many people predicted that it will surpass BTC 😜! I can still remember that madness exactly 1 year ago when new president Donald Trump's inauguration in January 2025, what a jump with the $TRUMP coin! The price had risen to $75. Some crazy people thought that Trump was coming to power, this meme coin would surpass Bitcoin.
Today's reality is that the $75 dollar coin is trading for just $4.86 today.
Do you know how much it is dropping?
A solid drop of 94%!
Not only Trump coin but also his wife Melania Trump's coin has dropped from $13.73 to $0.15 cents. The fall is only 99%!
Those who poured money into Trump out of love or blind faith are now on the road. The problem is not with Trump, the problem is with the investor's "blind devotion". They have poured money into something that has no meaning or they don't have any research or they just gambling with thier assets! It is better not to give a single penny to something you do not understand.
As of now when I am writing this blog I found that the price of gold has surpassed the 4.8k and the market since 2016, it is rising steadily and there is no sign of any correction as the market demand has been increased heavily, especially in the recent years after the Covid-19 pandemic.
And I found that one of the reason is due to the abrupt taxation decision by USA to many countries as taxation ha become a great tool for the US president to punish the nations which are vocal against tyranny. And so many countries are trying to lessen the dependency on the US dollar which can be a great beneficial for those small countries in developing a good working system bypassing the new system.
I hope you enjoy my discussion of the current situation of the old literature to reveal the backstory of the market scenario. If you have any queries, let me know in the comments, and I will try my best to answer them as much as I can.
Thanks a lot for your time and attention. I will catch up with you at the next one.
Wishing you a good day!
Photos are collected from the coinmarketcap.com and the cover photo is created by the author igself.
