Memecoin TRUMP: A driving force for the development of the Solana ecosystem?

[Stompix]

So now that the hype and the mirage of meme coins being of any actual value has finally evaporated after not even 2 months, how is that driving force going? Still pushing forward or it's all flat tires?

Solana has managed to fall now only below January levels, it's down to September pre-election prices, which shows pretty much what you can expect from meme coins.

[debra]

So now that the hype and the mirage of meme coins being of any actual value has finally evaporated after not even 2 months, how is that driving force going? Still pushing forward or it's all flat tires?

Solana has managed to fall now only below January levels, it's down to September pre-election prices, which shows pretty much what you can expect from meme coins.

It seems that when the Trump meme hype ends, it shows that the hype coin will not be that easy to go back up and skyrocket like before, reaching its ATH. It is quite difficult for any meme tokens to be able to skyrocket a second time and reach ATH or exceed it again if the hype is over. Except for Doge, which was indeed the first meme coin and it remains rusty until now, it's just that, it still hasn't been able to celebrate its ATH again. Well for Trump coin, I don't know, how it will be in the future, but I doubt it will succeed in reaching its original ATH, so even if there is an increase, it won't be as skyrocketing as it was when it was at the peak of its hype.

[KryptoBull]

So now that the hype and the mirage of meme coins being of any actual value has finally evaporated after not even 2 months, how is that driving force going? Still pushing forward or it's all flat tires?

Solana has managed to fall now only below January levels, it's down to September pre-election prices, which shows pretty much what you can expect from meme coins.

Currently, the TRUMP price is at 10 USD, and its FOMO seems to have ended. The SOL price has returned to the 130 USD range to find support. Although TRUMP couldn't provide stable price increases for SOL, in the long term, memecoins are still a trend that can help SOL rise from the ashes.

I will still monitor TRUMP price fluctuations, at least for the next 4 years. Compared to many other memecoins, TRUMP is widely listed, and it's still being mentioned and garnering attention while millions of other memecoins have faded into oblivion. During the most vibrant times of the market and SOL, TRUMP will certainly be mentioned again and experience significant price increases.

[Mr. Magkaisa]

So now that the hype and the mirage of meme coins being of any actual value has finally evaporated after not even 2 months, how is that driving force going? Still pushing forward or it's all flat tires?

Solana has managed to fall now only below January levels, it's down to September pre-election prices, which shows pretty much what you can expect from meme coins.

It seems that when the Trump meme hype ends, it shows that the hype coin will not be that easy to go back up and skyrocket like before, reaching its ATH. It is quite difficult for any meme tokens to be able to skyrocket a second time and reach ATH or exceed it again if the hype is over. Except for Doge, which was indeed the first meme coin and it remains rusty until now, it's just that, it still hasn't been able to celebrate its ATH again. Well for Trump coin, I don't know, how it will be in the future, but I doubt it will succeed in reaching its original ATH, so even if there is an increase, it won't be as skyrocketing as it was when it was at the peak of its hype.

      -      You're right about that mate, most meme coins that suddenly rose to an unexpected high and then suddenly dropped in price in the market are like a miracle if they can repeat the hyped price increase they made when they were just starting out in the crypto space.

It might be hard for them to reach $20, but actually the price they have now compared to other meme coins that have been around for a long time in this field of the crypto industry is still high, but their daily volume, even if we say it's down a lot, can still be said to be not bad, especially since they have risen a little and have become $11.6 each so far.

[KryptoBull]

- You're right about that mate, most meme coins that suddenly rose to an unexpected high and then suddenly dropped in price in the market are like a miracle if they can repeat the hyped price increase they made when they were just starting out in the crypto space.

It might be hard for them to reach $20, but actually the price they have now compared to other meme coins that have been around for a long time in this field of the crypto industry is still high, but their daily volume, even if we say it's down a lot, can still be said to be not bad, especially since they have risen a little and have become $11.6 each so far.

For memecoins, I think that the potential for price increase is not as important as the opportunity to exist for a long time in this market. Only a few memecoins are listed on major CEXs and can stay in investors' minds and reach, and TRUMP has actually done that.

TRUMP will always be a force that can be awakened at the right times to support the development of the Sol ecosystem, similar to BONK's role when Sol returned from the ashes. Trump's choice of Sol is also a story for investors to believe that SOL will benefit from preferential policies for Made in US tokens in the future.