Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Topic started by: BullTrader on January 20, 2025, 11:59:29 AM
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The crypto space has been chaotic these past few days. First, Trump launched a meme token that reached significant highs and is now ranging around $60, with a market cap in the billions. Bitcoin also hit an all-time high of $108.
Yesterday, his wife Melania, the incoming First Lady of the United States, launched her own token, which is currently trading around $10 with a market cap of over $4 billion and is already listed on exchanges.
https://x.com/MELANIATRUMP/status/1881094861279129643
Could this be a bullish sign for the crypto space, or could it have negative long-term effects? And do you think more world leaders go follow them into launching their respective meme coins??.
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As long as the public interest in cryptocurrencies is related to investment or far from fraud, black market, drugs and other dark activities, it is a good sign for Bitcoin and cryptocurrencies. The bad side of the story is that instead of investing in Bitcoin, investors prefer high-risk currencies with a long-term negative trend.
about memecoins I think it's the beginning of the end for this trend.
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The recent launches of meme tokens by Donald Trump and Melania Trump have created a buzz in the crypto space with $Trump trading volume at $30 billion and $MELANIA is $8 billion after both coins made all-time high(ATH) today is the American president inauguration so the crypto market would see significant movement and will also tell if the sustainability of the tokens are questionable. If more public figures embrace cryptocurrencies, it could signal a shift towards mainstream acceptance, which might bolster the overall market. If these tokens can be sustainable and don't end like most memes with a 70% dump then it would create a rock bottom for crypto that it isn't a Ponzi scheme
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I am not sure if other world leaders will be following what Trump did by introducing his own memecoin and even doing it also for his wife Melania...and yes there is a buzz that BARRON will be released too officially. While I believe that this can be a refreshing station for the cryptocurrency industry, am not sure if these coins will be solid long-term all because they are just memecoins...they can just be a fad, a big way to make money for investors and yes for Trump himself as he is known to be good in taking advantage of his name and the things happening to him politically. Even before his entry to the political sphere, there had been many products associated with his TRUMP brand and he is good at marketing that even in his 2024 campaign he was then selling collectibles, NFT, sneakers, perfumes and other products to his fans and followers. Bullish sign for the crypto industry? I doubt that but there is no question this is another cap on the feather of the memecoin part of the industry.
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It is indeed a crazy time that we have now that we are at the state where it's easy to create 60B market cap in a few days, surpassing the actual businesses value of some big names that countries have. It's crazy IMO.
I hope that the money made by different people in the cryptocurrency space stay in it and go into the more valuable/functional type of coin that has already existed for a while.
I think it's a bullish approach.
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It is indeed a crazy time that we have now that we are at the state where it's easy to create 60B market cap in a few days, surpassing the actual businesses value of some big names that countries have. It's crazy IMO.
It is not a real market cap. The success of a token in selling 1% to 10% of it does not mean that there is enough liquidity to sell all the tokens. Therefore, if there is a large supply, the market value indicator is useless or misleading. In simpler words, avoid taking the market cap indicator when the supply of the token is very large and listed on one or two platforms, the price and market capacity will not be real.
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By now many would have known what is next for them to do and how they can make use of their subsequent decision wisely, because am very sure a lot have already made some sort of losses at the cause of joining on the over pumped Trump coin, and later that they have to withdrew their money from it and its now turning a nightmare, we are by next time goin to choose wisely and stop following the crowd in many of these things.
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It is indeed a crazy time that we have now that we are at the state where it's easy to create 60B market cap in a few days, surpassing the actual businesses value of some big names that countries have. It's crazy IMO.
I hope that the money made by different people in the cryptocurrency space stay in it and go into the more valuable/functional type of coin that has already existed for a while.
I think it's a bullish approach.
Yeah crypto thrives worth liquidity, I noticed some on chain selling on Trump, but with Melania it's slow..retraced and currently around $4
(https://i.ibb.co/QJ7TND7/Screenshot-2025-01-21-21-42-35-12-40deb401b9ffe8e1df2f1cc5ba480b12.jpg) (https://ibb.co/FhkywHk)
But honestly I'm not happy with the way market reacted to trump's inauguration..I expected a bullish spike ahah.. let's see how it goes..
It is indeed a crazy time that we have now that we are at the state where it's easy to create 60B market cap in a few days, surpassing the actual businesses value of some big names that countries have. It's crazy IMO.
It is not a real market cap. The success of a token in selling 1% to 10% of it does not mean that there is enough liquidity to sell all the tokens. Therefore, if there is a large supply, the market value indicator is useless or misleading. In simpler words, avoid taking the market cap indicator when the supply of the token is very large and listed on one or two platforms, the price and market capacity will not be real.
Oh really. What's the real mcap, I think it'll be difficult to get verified details because of volatility
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Hype isn't actually a justification for a successful meme coin but unfortunately these days people basically use hype to judge how successful a meme coin is and in the end they end up getting liquidated. The meme coin ecosystem is basically just a math of a small group of winners in profit and a ton of newbies ending up in great loss.
There is basically not much difference between the melanin token and trump's already rugged meme coin. Just the regular thing of getting pumped over a time span and then boom they get rugged.
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World leaders following suit on launching their own coin is difficult to say for now. However, the success of the Trump coin and Melania coin will tell whether other politicians will do the same or launch their own coin in the crypto space.
These few days of Trump and Melania coin have brought so much attention to the crypto space that someone can be rich or poor within a short term of investment. This has raised concerns about whether is it appropriate for a sitting president and his wife to launch a memecoin that has no utility
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I think it is bullish for crypto, at least, it has made some buzz on various news platforms, social networks and others, creating more awareness and adoptions now and in near future.
Nevertheless, memes are actually part of the crypto economy but may lack sustainability on the long run. Meme coins are just fun tokens, though it has become an investments hubs this days, however, meme coins has a higher possibility to dump or crash if not manage properly by team.
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(https://www.talkimg.com/images/2025/01/22/W3dIC.png)
And it's not below $4 and basically everyone that bought it at launch has lost half of his money. :o
The whole thing is no longer a joke, is a nightmare and if things like this keep happening it will be the whole ecosystem that is going to suffer from it, whatever credibility we have gained in all those years it will be down the drain when the damn president of the USA is launching a meme token that turns into a rug pull and nobody from all those that made millions is found guilty of anything.
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It is indeed a crazy time that we have now that we are at the state where it's easy to create 60B market cap in a few days, surpassing the actual businesses value of some big names that countries have. It's crazy IMO.
It is not a real market cap. The success of a token in selling 1% to 10% of it does not mean that there is enough liquidity to sell all the tokens. Therefore, if there is a large supply, the market value indicator is useless or misleading. In simpler words, avoid taking the market cap indicator when the supply of the token is very large and listed on one or two platforms, the price and market capacity will not be real.
I know that some coins are still locked, but the amount of money that went into the meme coin is so large that it reached an all-time high of $80 if I remember correctly, and that is from cents. So imagine the amount of money to push that price up and the actual market capitalization in circulation. You could easily calculate that, and it’s not going to be the clear indicator, but at least you have an idea of how much money is coming into that coin.
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The crypto space has been chaotic these past few days. First, Trump launched a meme token that reached significant highs and is now ranging around $60, with a market cap in the billions. Bitcoin also hit an all-time high of $108.
Yesterday, his wife Melania, the incoming First Lady of the United States, launched her own token, which is currently trading around $10 with a market cap of over $4 billion and is already listed on exchanges.
https://x.com/MELANIATRUMP/status/1881094861279129643
Could this be a bullish sign for the crypto space, or could it have negative long-term effects? And do you think more world leaders go follow them into launching their respective meme coins??.
I don't see anything meaning in those coin as they are pure meme coin that can be easily be manipulated at any given time and we shouldn't expect anything productive in this coin rather than pump and dump, so to me while investing in such token or meme it's always advisable to keep finger crossed while trading and holding this memecoin these periods otherwise one could lose heavily holding them.
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It could be a temporary bullish sign for the crypto space, but I doubt it will last long but it could last through Trump's term and then fade away.
Unfortunately people love these memes related to celebrities and influencers even though they have no value or project and prefer them over high quality coins with real value in themselves like Bitcoin, I hope this trend ends soon.
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Yes, because now the inauguration of President Trump is hype, so all kinds of meme coins related to it will definitely emerge and increase drastically. and just like other meme coins, many people will definitely be carried away by FOMO for this meme coin, especially since it has the Trump label and especially because of Trump's official reasons. this will increase community trust. However, we'll just have to see how the price develops, whether it's just a temporary hype or can it really survive like Doge which is timeless and meme coin competition.
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I am happy , Trump's support for cryptocurrency, but I don't like the way he released a memecoin as his first move when he was inaugurated as US president... that's really something I never thought of before, and Trump shouldn't have released a memecoin just to capitalize on the hype,,,
Rather than launching something that can't even be relied on in the long run, I think it's better to start considering regulation and supervision of crypto so that it can grow in the future.
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I am happy , Trump's support for cryptocurrency, but I don't like the way he released a memecoin as his first move when he was inaugurated as US president... that's really something I never thought of before, and Trump shouldn't have released a memecoin just to capitalize on the hype,,,
he did not release the memecoin the day on his inauguration but a day or a couple of days before as we see the coin just dumped anyway so i do not know if he was able to really capitalize on the hype that he caused i do not think they released the coin to be used honestly it seemed like just a branding but it failed either way and soon it will just be forgotten
Rather than launching something that can't even be relied on in the long run, I think it's better to start considering regulation and supervision of crypto so that it can grow in the future.
the release of the coin might serve as his reference to what could be changed or further improved in the crypto industry we really do not know his intentions
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he did not release the memecoin the day on his inauguration but a day or a couple of days before as we see the coin just dumped anyway so i do not know if he was able to really capitalize on the hype that he caused
He sold all coins, everyone who has a Trump coin bought it from him, and what you see on the market is just 10% of the coins , the rest are owned by him and are in his team wallets. More than that a ton of coins were bought obviously by insiders and dumped immediately after the pump.
Same with Melania, everyone who bought that token is now at a loss, but he grabbed all that cash people spent to buy that worthless junk.
It was a cash grab and a rug pull, nothing else.
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This coin has been on the run all because of the event of the post election activities, now that we have witnessed the swearing in, we don't know what to expect again, is it to wait and continue holding the Trump coin or we should try and sell to avoid making higher risk, as we know, there is no certainty on these, when we invest, we stand a chance of either winning or loosing upon our investment, we should always weigh the risk involved.
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Could this be a bullish sign for the crypto space, or could it have negative long-term effects? And do you think more world leaders go follow them into launching their respective meme coins??.
The crypto space really has been chaotic this week with TRUMP and MELANIA being created days before the inauguration and yes many made money from it, but there is way more investors who lost their money investing into it especially those who bought near its peak at $80.
Meme coins isn't the driving force for the bullishness of the crypto space right now, but there's much hype on them though. Meme coins here and there are being created and surprisingly, many investors are gambling on them hoping to make lots of money. What's happening with the market doesn't have long term negative effects at least for me, but it will on those lost their money investing into it. As for more leaders launching their own meme coins, I don't think they will be, but there might be some developer out there that will create one especially now that creating a meme coin is just very easy that even a 13-year-old kiddo can do it.
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The crypto space has been chaotic these past few days. First, Trump launched a meme token that reached significant highs and is now ranging around $60, with a market cap in the billions. Bitcoin also hit an all-time high of $108.
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Could this be a bullish sign for the crypto space, or could it have negative long-term effects? And do you think more world leaders go follow them into launching their respective meme coins??.
Launching their own meme coins is not a bad thing and in the long term it could not have any negative effect except they might added some more haters to their list by making people huge lose haha.
And they have gained more voters because profit makers were more than losers. I also agree with your prediction because this is true because these officials are promoting crypto and making a profit out of it then, in their reign, they will make its adoption more because they are not going to stop now, they will increase its use case and popularity.
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Launching their own meme coins is not a bad thing and in the long term it could not have any negative effect except they might added some more haters to their list by making people huge lose haha.
lol you are laughing but actually this is how most people think even if it is their own fault for investing and not making the right decisions they would think that it is the owner of the coin's fault for their losing and politically this will bleed into that they might not vote for that politician the next time around though with trump i do not know if there is a next time he is very old after all
I also agree with your prediction because this is true because these officials are promoting crypto and making a profit out of it then, in their reign, they will make its adoption more because they are not going to stop now, they will increase its use case and popularity.
it is a good thing it is better for the government to be part of the crypto adoption rather than restrict those who use it
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lol you are laughing but actually this is how most people think even if it is their own fault for investing and not making the right decisions they would think that it is the owner of the coin's fault for their losing and politically this will bleed into that they might not vote for that politician the next time around though with trump i do not know if there is a next time he is very old after all
I should have said Lol, here, haha. I am bursting into laughter, haha, as he is very old though haha. I agree with this pov too as who saw the next day we don't know when we are finished. No one knows that, Speaking of people who made this choice it was theirs no one asked them to buy the coins AFAIK trump did not made any post to buy it right? Or did he?
Still, the choice was of people, and somewhere on the side of this coin, if he has any or any other social media, he must have given the disclaimer, too, because he is not dumb. If he lose some voters now that is not going to cost him much because later he would do something else to make them happy at last one single person can't make everyone happy we can't make everyone happy in our life, how can this person make while USA happy, as now most of the countries are even speculating this dude so how can he make all of them happy.
it is a good thing it is better for the government to be part of the crypto adoption rather than restrict those who use it
I agree.
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Could this be a bullish sign for the crypto space, or could it have negative long-term effects? And do you think more world leaders go follow them into launching their respective meme coins??.
Personally i will never follow there or hold their token for a long time. You can get many reasons but i just want to say that if you research the trump coin then you will understand. This coin was worth $71 at all time high price but now the price of this token is $21 so how do you want to purchase the meme coin of world leaders. A token will launch and from there they will make a lot of money because it has now been adopted as a business clause. If you want you cannot take any action against the world leaders, but stop the waste of your money.
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I think yes there are a lot of Meme coins for 2024 and now, whether it's the effect of very rapid cryptocurrency or maybe these Whales have boredom so they create what is called Meme coins at will.
I think entertainment is also for all of us for the cryptocurrency environment which is very saturated because there are so many coins already circulating, and those who are experienced in cryptocurrency definitely want entertainment by creating Meme coins.
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Yes, that's how meme coins work. They don't actually have any fundamentals. Therefore, meme coin projects usually stray into many possible communities that will take them. And the presidential meme coins have really become a hype lately because yes, there is currently FOMO about it. Trump's election is one of the things that has affected the crypto world. That's why they issued their own meme coins because they can see such great benefits. Self-confidence because they are public figures who are known and trusted by many people. That's why with these meme coins, they can easily attract their community.