Trump Media & Technology Group (TMTG), which belongs to Trump and owned in a trust by one of his sons, recently announced that he was trying to raise $ 3 billion to invest in Bitcoin and other tokens.
While the price reached $ 15.79 on the day of the gala, reflecting market support, it has since had a constant drop. From this article, Trump’s price is at $ 12.79, more than 83% less than its $ 75.35 summit in January. While investment news saw the price increase by 0.85%, it had a mute effect.
Although the overall feeling about CoinmarketCap is 65%optimistic, there are always concerns about its long -term future. The biggest bumps in the price of Trump tokens seem to coincide with major events such as the inauguration and gala dinner. But even if the investors were able to meet and Trump invests more in the crypto, the token still has a lack of use. Dinner itself was criticized for the allegedly, which means that a second dinner may not receive as much attention.
In addition, an in progress bill as Trump of the liberation of memes, questioning the legal status of the token. At the same time, Trump’s tenures were only if they are not entertaining. But it can be theorized that greater developments take place during his presidency, this will be reflected in the value of the token.
