OFFICIAL TRUMP OPPORTUNITYThe Official Trump meme coin is currently valued at $25.79, having experienced a notable drop from its peak of $75. Even with this decline, the coin continues to capture attention in both the market and mainstream media. It's worth mentioning that some early investors might still be enjoying substantial profits. While the price is on a downward trend, there is potential for a recovery.
Moreover, the coin has established real-world applications, as it is accepted for bookings through Travala, a platform that facilitates crypto payments for flights, hotels, and activities. This acceptance could lead to increased selling as investors cash out, but it may also enhance the coin's value in the long run.
A significant portion of its supply remains unreleased, with 800 million coins set to enter circulation over the next three years, which could result in token dilution unless the market cap grows accordingly. The token's market has been volatile, characterised by swift price changes followed by steep declines.
Currently, it’s uncertain whether the coin will achieve lasting success or gradually fade away. Major exchanges hold a considerable share of the coin, while retail investors typically possess smaller amounts, yet they still play a role in the trading volume. Although there are worries about the coin's future due to intense selling pressure, it hasn't reached a stage that could be labeled a 'rug pull.' Despite the prevailing bearish sentiment, there is optimism that the coin could experience significant growth again, with some forecasts suggesting it might hit a $100 billion market cap.
I see a chance to accumulate within the designated area on the chart. Avoid becoming overly attached to lofty market cap predictions. Instead, establish an accumulation box and a profit-taking box. The strategy of dollar-cost averaging in and out has proven to be a reliable trading approach.
