The official Trump Coin has taken over the crypto world
Donald Trump has dipped his toes in crypto before, but with this new Trump Coin, the US leader could become a crypto figurehead.
The official Trump Coin has taken over the crypto world
There is the TikTok debacle in the country, but Trump has launched a cryptocurrency that could play a big role in the space over the next few months.
KEY TAKEAWAYS
- Trump launched the new coin on January 17, 2025, a few days before his inauguration.
- In just a day, the market capitalisation of US$4.8 billion and a full diluted value of US$24.3 billion. This Trump Coin has led to a potential market takeover, rivalling the memecoin giant, Dogecoin.
The Trump brand keeps getting bigger
While many might wonder about Trump's branding being displayed on a cryptocurrency, that is par with the course of the US leader. He made his name known for using it as part of the brand as seen with the Trump Tower, Hotels, and more. He wants to monetise his brand, and this memecoin could be a new step in doing so.
Since the crypto space is filled with passionate people, you can expect them to support this kind of project. With Trump at the helm or at least his team being in charge, the brand will keep growing.
Being the US President does not stop him from doing projects, but this could make him even more popular amongst an international audience. He is well-known as the president of a country, but he can expand and make himself known to those who have limited knowledge about him.
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Trump Coin vs Dogecoin
Considering this new Trump Coin is labelled as a memecoin by most of the crypto community, it will be compared to Dogecoin often. The latter is the most popular memecoin out there, breaking into the mainstream on a similar level to the popular Bitcoin and Ethereum.
When it comes to value, Dogecoin still has well-established roots in the crypto world. However, Trump Coin can rise to the top and become the top memecoin worldwide if it continues to rise. Dogecoin can still be there, but the potential of a coin connected to the US President could pull it up over the edge.
It could be useful across different spaces like what Dogecoin has achieved. Trump Coin could become a reliable payment method across many industries like online casinos or online shopping. Using Bitcoin and Ethereum has become normal across the world as they are accepted due to their longevity.
The USA is more lax with crypto now
With Trump’s second term as President and Gary Gensler’s exit from the SEC, crypto might have some breathing room. Gensler was aggressive with his crypto enforcement, so the USA might become more of a crypto hub.
Trump plans on having a crypto executive order, which will help the crypto space and the rise of his crypto coin. It will be interesting to see how this pans out in the long run since the crypto market will continue to grow with the new coin and the USA will be a massive part of the industry.
This could be a boost to many crypto-based platforms, not only with the investments but also for the platforms. A site like Gamdom could get a massive boost from the government as more people are playing games and enjoying them. Of course, Trump’s investment is still the story here, but getting a new figurehead could be significant.
