How are you all? I hope you are all doing well. Today I will talk about a very important topic. A trend has been going on in the market for the past two to three days. Trump Meme Coin. When this coin was launched in the market. After the launch, Donald Trump announced that he had officially launched this coin. Since then, this coin has gained a lot of popularity. The surprising thing is that the coin has entered the top 20 coins in terms of market cap within 1 to 3 days of its launch. Trump Coin is basically a MemeCoin. This means that this coin was created just for fun. And since it created a celebrity, this coin has created a lot of hype. Another surprising fact is that this coin has the highest volume in the last 24 hours. About $30 billion+.
And basically Solana Blockchain Trump Coin has come, so Solana has seen a huge pump.
I think this is a trend. Those of us who have been in Crypto currency for a long time, Everyone knows that the hype and trend of any crypto does not last long,
We all basically make a mistake that is when a coin is hyped, even when that coin is trending, we fall prey to Fomo and buy the coins. As a result, when those coins start to lose hype day after day, we suffer huge losses,
I think Trump and Solana will come down very soon, nothing in the world is rising, it's true that there will be a downfall!
And the main problem with meme coins is that these coins usually do not have any kind of usage case, and when they end because there is no usage case, they go down day after day, but usually because of the support of celebrities, those coins are in a fairly good position, but if we notice, Elon Musk has created a lot of hype about Shiba inu, Doge, as a result of which these category coins are in great discussion in the market, but at one time we noticed that these coins are not pumping like before, because the hype of these coins has ended, and the second thing is that they do not have any kind of use case,
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So I think it is better to refrain from trending coins because these projects have already given investors profits, big investors have bought them down, now when this coin has got four to five times profit, now they will sell those coins and book profit,
So I hope everyone understands that I am ending here today, everyone be well
0.000 SRY