Will the Official Trump Coin ($TRUMP) Hit $40 by the End of 2025?
- Barbara StreisandOriginal
- 2025-03-15 10:18:15794browse
Price forecasts for the Official Trump Coin ($TRUMP) by late 2025 vary widely. Some analysts believe the coin has the potential to exceed $40
The Official Trump Coin (CRYPTO:PATR) price shot up 24.7 % on Thursday, continuing its strong rally from earlier this year. The coin, which is a token on the BNB Chain, has gained over 900 % since the start of 2023.
The move comes amid broader strength in the cryptocurrency market, with Bitcoin up around 60 % this year. However, Trump Coin's gains are particularly noteworthy, given that it started the year at a very low price.
The token's price is currently trading at $10.30, up from a low of $0.97 in January. The coin's market cap has also risen accordingly, now standing at $102.94
What Happened:
Trump Coin is a fan token that was created in honor of former U.S. President Donald Trump. It is not affiliated with Trump or any of his businesses.
The token is used by fans to engage with Trump and gain unique experiences. Fans can vote in polls to decide which charity Trump will donate to and participate in competitions for the chance to win Trump merchandise.
Trump Coin is also planning to launch an NFT collection that will feature artwork from emerging artists.
"We are excited to be bringing together the passions of the Trump fan community with the engaging and interactive capabilities of Web3 technology," said the Trump Coin team in a statement.
"We believe that Trump fans will enjoy this unique opportunity to connect with the former President and each other."
Why It's Important:
The creation of Trump Coin comes at a time when there is growing interest in fan tokens and other types of cryptocurrency derivatives.
Fan tokens are tokens that are created by sports teams, musicians and other celebrities to engage with their fans. These tokens can be used to vote in polls, gain access to exclusive content and win merchandise.
Cryptocurrency derivatives are financial instruments that allow investors to bet on the price of cryptocurrencies without having to buy or sell the underlying tokens.
The increasing popularity of fan tokens and cryptocurrency derivatives is a testament to the versatility and potential of blockchain technology.
Now Read: Trump Coin Surges 1236.1 % As Interest In Fan Tokens Booms
TRUMP Price Action:
Trump Coin is trading at $10.28 at the time of writing.
According to Benzinga Pro, the coin has risen by 902.33 % in the year to date.
Photo via Pexels
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