The Trump Coin price has rallied by 16% in the past 24 hours, with its move to $14.18 coming as markets respond positively to yesterday’s trade deal between the US and the UK.
TRUMP is now up by 85% in the past month, having risen from a four-month low of $7.65 on April 8, as tariffs bit prices across the board.
What’s arguably bullish about Trump Coin’s position right now is that it remains 80% down from its ATH of $73.43 (January 19), meaning that it has lots of space left to climb.
And with Donald Trump continuing to do things to pump the token’s price, it could easily continue to rise over the coming months.
Trump Coin Price Prediction: 15% Rally and $1.5B Volume – How Quickly Can TRUMP Hit $100?
As strong as the Trump Coin looks right now, its chart shows how its indicators have only just spiked after a bearish period of contraction.
From plunging below 30 earlier in the week, TRUMP’s RSI (purple) has now risen as high as 80, a sign of very strong buying pressure.
Source: TradingViewLikewise, the coin’s 30-period average (orange) has just climbed over the 200-period average (blue) again, another sign that it has entered a growth spurt.
And as we saw with the coin’s price and its RSI towards the end of April, it could easily mount another strong rally in the next few days.
Of course, we could just as easily see TRUMP whales capitalize on today’s move and dump large quantities of the token on the market, as suggested by a big transfer this morning from one unknown wallet to another.
However, in the medium-term, there are a few reasons why the Trump Coin price could continue to see steady growth.
For one, the market has only just begun recovering from April’s tariff shock, with the arrival of a US-UK trade deal potentially a precursor to multiple similar deals with multiple other nations.
Secondly, Trump Coin itself is likely to benefit from its association with President Donald Trump, who most recently has announced a private dinner open to the token’s 220 biggest holders.
Invitations will derive from average holdings of TRUMP between April 23 and May 12, meaning that the Trump Coin price could be volatile up until the latter date.
But given Trump’s tendency to promote to the coin, we could see other pumps later in the year.
As such, TRUMP could reach $17.50 by the end of the month, $30 by the end of July, and $100 by the end of the year.
How to Beat the Market with Presale Tokens
TRUMP looks strong at the moment, but we now entering a period where many alts could do well and even outperform the market.
Some of these are presale coins, which can often generate lots of hype and momentum during their sales, helping them to rally strongly when they list on exchanges.
Not all of them will do well, but one token that has been gaining in size recently is Bitcoin Bull (BTCBULL), an ERC-20 token with strongly deflationary tokenomics.
It has now raised over $5.4 million in its sale, with this figure giving a clear indication of its increasing popularity.
What makes BTCBULL stand out is the fact that its tokenomics are connected to Bitcoin (BTC), with the token’s protocol programming burns and airdrops in accordance with BTC’s price growth.
It has a hard cap of 21 billion BTCBULL, and will hold burns whenever Bitcoin reaches a new $25,000 price milestone, beginning from $125,000.
It also rewards BTCBULL holders with BTC airdrops at each $50,000 milestone, starting from $150,000.
This could make it a very profitable token to hold, particularly when holders can also stake it for passive income.
Investors can join the BTCBULL sale by going to the Bitcoin Bull website and connecting a compatible wallet, such as Best Wallet.
It’s currently available at the price of $0.002505, although this will rise again in just under three days, so traders should hurry.
The post Trump Coin Price Prediction: 15% Rally and $1.5B Volume – How Quickly Can TRUMP Hit $100? appeared first on Cryptonews.
