Key Takeaways
Donald Trump’s re-election as US President in November 2024 encouraged the crypto market, with some people seeing the possibility of a fresh start for digital finance after the Joe Biden years.
However, what may have come as a surprise was for Trump, who had previously accused Bitcoin of being a “scam ,” to launch his own cryptocurrency.
The millionaire businessman did this on Jan. 18, just two days before his second inauguration. The Official Trump memecoin is one of many such projects launched on Solana over the last year. Indeed, it is not the first memecoin named in the president’s honor.
Anyway, TRUMP soon appeared in the top 20 cryptocurrencies by market cap, and the day after its release, it peaked at $75.35.
However, the token’s credibility may have taken a hit when Trump admitted he “didn’t know much ” about crypto, and it fell. By Jan. 30, 2025, despite the announcement that some websites were accepting it as payment for Trump-related merchandise, it was worth about $27.35.
Let’s examine our Official Trump price predictions, made on Jan. 30, 2025. We will also examine the Official Trump price history and discuss what Official Trump is and does.
Since TRUMP’s price history goes back less than a month, CCN will only make short-term predictions instead of the usual long-term ones.
The TRUMP price prediction for the next 24 hours is undetermined. Whether the price breaks out or down from its channel can help determine the direction of the future trend.
The TRUMP price has decreased rapidly since its all-time high on Jan. 19. The downward movement culminated with a low of $24.62 on Jan. 27, taking the TRUMP price to the $26 horizontal support area.
The downward movement was initially swift but has become more gradual in the past 10 days, following the confines of a descending parallel channel.
TRUMP trades just above the $26 area and the channel’s midline. A breakout from the channel can take the price to its resistance trend line at $38, while a breakdown could cause a drop toward the support at $20.
Technical indicators are mixed. The Relative Strength index (RSI) is at 50, and the Moving Average Convergence/Divergence (MACD) is at 0, both signs of a bearish trend.
The wave count is likely bearish since the original upward movement is a three-wave A-B-C structure (white). This suggests that the trend is bearish.
Since there is a lack of price history, the TRUMP trend cannot be accurately determined. Because of the wave count and ongoing pattern, the most likely outlook would be more consolidation inside the descending parallel channel before the trend picks up in one or the other direction, based on whether TRUMP breaks out or down from the channel.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Jan. 30, 2025, Official Trump’s ATR was 0.6, suggesting low volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 30, 2025, the Official Trump RSI was at 44, indicating somewhat bearish conditions.
TRUMP is a Solana-based memecoin, so let’s compare it with other cryptos in the same category.
Let’s take a look at some of the key dates in the admittedly brief Official Trump price history . While past performance should never be taken as an indicator of future results, knowing what the token has done since it came out can give us some useful context when it comes to making or interpreting a TRUMP price prediction.
Time period | TRUMP price |
---|---|
Last week (Jan. 23, 2025) | $39.24 |
Launch price (Jan. 18, 2025) | $6.24 |
All-time high (Jan. 18, 2025) | $75.35 |
All-time low (Jan. 18, 2025) | $6.24 |
The market capitalization, or market cap, is the sum of the total number of TRUMP in circulation multiplied by its price.
On Jan. 30, 2025, TRUMPS’s official market cap was $5.46 billion, making it the 27th-largest crypto by that metric.
On Jan. 30, 2025, one wallet held 80% of the supply of TRUMP.
As of Jan. 30 2025, the five wallets with the most TRUMP were:
Supply and distribution | Figures |
---|---|
Maximum Supply | 999,999,993 |
Circulating supply (as of 30 Jan. 2025) | 200,000,000 |
Holder distribution | Top 10 holders owned 92.64% of supply as of Jan. 30, 2025 |
Official Trump is a memecoin, based on the Solana blockchain, released to celebrate US President Donald Trump’s second inauguration.
In addition to holding TRUMP, hoping it will go up, people can use the memecoin to purchase Donald Trump memorabilia on certain websites. People can also buy, sell, and trade TRUMP on exchanges.
It is hard to say. Celebrity-based memecoins have a bad reputation, and it is hard to see what makes TRUMP any different from the likes of Iggy Azalea’s MOTHER token. Certainly, the lack of any official technical documentation or whitepaper, coupled with its highly centralized supply, could put people off.
On the other hand, though, the fact that TRUMP has become one of the very few cryptos to gain any real-world utility if only for Trump-related merchandise, might help it.
As always with crypto, you must do your own research before deciding whether or not to invest in TRUMP.
No one can tell right now because TRUMP has been on the market for less than a fortnight. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Official Trump, you will have to do your own research on Official Trump and other related coins and tokens such as POPCAT or AI16Z. Either way, you will also need to ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
It is too early to tell whether TRUMP can reach three figures. However, it is worth pointing out that the token has spent much of the last few days hovering between $25 and $30. People can use TRUMP buy Donald Trump-related merchandise on certain websites and can also buy, sell, and trade it on exchanges.Will Official Trump Reach $100?
What is Official Trump Used For?