đ Key Features of $TRUMP Coin
âą Blockchain Platform: Built on the Solana network, $TRUMP benefits from high transaction throughput and low fees, facilitating efficient trading . ïżŒ
âą Tokenomics:
âą Total Supply: 1 billion tokens.
âą Public Distribution: 200 million tokens (20%) released during the ICO.
âą Controlled Supply: 800 million tokens (80%) held by Trump-affiliated entities, with a gradual unlocking schedule over three years . ïżŒ
âą Market Activity: Within 24 hours of launch, the coinâs market capitalization surged to over $6 billion. However, its price has experienced volatility, peaking at $35 before settling around $26 .
đ Trading Strategies
Given the coinâs volatility and speculative nature, consider the following trading strategies:
âą Trend Trading: Identify and follow the coinâs price movements using technical analysis tools like RSI and moving averages.
âą Scalping: Engage in short-term trades to capitalize on minor price fluctuations. Be mindful of transaction fees that can impact profits.
âą Swing Trading: Hold positions for several days or weeks to benefit from price swings. Monitor for sudden reversals due to social media sentiment or political developments.
âą Statistical Arbitrage: Utilize algorithms to identify temporary price deviations relative to other cryptocurrencies. This strategy requires advanced tools and expertise.