The cryptocurrency market is currently in its bullish phase as it welcomes new elements in the domain. With SAB 121 being rescinded, the move has enabled banks to custody cryptocurrencies, giving the domain a stellar push to bank on. This bullish phase is also marked by the launch of two new meme coins that have slowly been forging new price pathways and charging the perception of investment as we know it. Here’s how these two coins may fare next month.
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Two New Meme Coins In Queue To Surge 220% Next Month
1. Trump (TRUMP) Coin
The Trump coin was launched by Donald Trump himself, embodying the essence of courage and leadership. The coin exudes elements related to Trump’s assassination as the core component, with a message to embrace the qualities of courage and strength. Soon after the launch, the coin surged to sit at $60-$75, before plunging back to hit $34 at press time.
Per CoinCodex, Trump is aiming for a high bar, targeting $115 by February 23, 2025.
“According to our current Official Trump price prediction, the price of Official Trump is predicted to rise by 230.82% and reach $ 115.62 by February 23, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 75 (Greed). Official Trump recorded 3/6 (50%) green days with price volatility over the last 30 days. Based on the Official Trump forecast, it’s now a bad time to buy Official Trump.”
Also Read: Will the US Drive G20 Nations to Adopt Bitcoin Reserves?
Melania (MELANIA) Coin
Melania (MELANIA) is another noteworthy token that is currently making waves in the cryptocurrency market. The token was launched shortly after Donald Trump launched his official Trump coin. Melania was launched by none other than the first lady of the US, Melania Trump, which again skyrocketed, soon to hit $20 before stabilizing at $2 at press time.
Per CoinCodex, MELANIA is also targeting an ambitious price value, targeting $8 by February 23, 2025.
“According to our current Melania Meme price prediction, the price of Melania Meme is predicted to rise by 224.21% and reach $ 8.79 by February 23, 2025. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 75 (Greed). Melania Meme recorded 1/4 (25%) green days with price volatility over the last 30 days. Based on the Melania Meme forecast, it’s now a good time to buy Melania Meme.”
Factors Helping These Tokens Surge
With Trump attempting to rejuvenate the cryptocurrency market by introducing new avenues, including rescinding SAB 121, such positive price developments can push these tokens to hit new highs in the short term.
In a latest Bloomberg interview, Cathie Wood, Ark Invest CEO, was quick to share how Trump is a pivotal force “ushering the next phase of the crypto revolution.” Such elements may impact the memecoin’s metrics, helping them scale new highs very soon.
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