๐ #CryptoNews (20 Jan 2025)๏ผUS presidential candidate Donald Trump launched the $TRUMP meme coin ๐ with a market value that once approached 11 billion dollars! Bitcoin also set a new historical high of over $109,000, and market sentiment was high.
Source: New York Post / Business Today / Reuters
๐ฅ This event occurred just as Trump was about to take office, and investors were filled with expectations for relaxed cryptocurrency regulation and favorable future policies, which drove the surge in Bitcoin and meme coins. $XNY
๐ Key points:
โข The $TRUMP meme coin attracted a large amount of retail funds but lacks fundamental support, making it highly volatile.
โข Although Bitcoin's rise is promising, it is significantly influenced by sentiment and market expectations. $ROSE
๐ Practical advice for beginners: $ARPA
๐น Don't chase meme coins just because they are popular โ ๏ธ
๐น Do your own research (DYOR) before investing ๐
๐น Set stop-loss and profit-taking points ๐
๐น Prioritize assets with real utility and long-term value ๐ก