The TRUMP meme coin saw a 5% price surge today, reaching $16.40, following bold predictions by former BitMEX CEO Arthur Hayes. Hayes suggests that the TRUMP token could outpace Bitcoin if sentiment around cryptocurrencies improves, potentially becoming a key player in U.S. politics, especially in the run-up to the 2026 mid-term elections.
Arthur Hayes, in a recent blog post, speculated that meme coins, such as TRUMP, will have a growing influence on political advertising, with politicians leveraging them to engage voters. He envisions the rise of personal political brands fueled by meme coins, signaling a shift in the political landscape. Hayes also pointed to the potential for meme tokens to outperform major cryptocurrencies like Bitcoin if positive crypto policies emerge.
Hayes highlighted the stark contrast in market performance, noting that the TRUMP coin is down about 80% from its peak, while Bitcoin has yet to reclaim its high of $110,000. He further predicted that, with improved market sentiment, the TRUMP coin would surge ahead of Bitcoin, driven by preemptive moves by politicians and market insiders.
Additionally, Hayes speculated that even Chinese leader Xi Jinping might eventually launch his own meme coin to bolster his political image, following the trend of meme tokens gaining traction globally.
As the TRUMP meme coin price continues to rise, cryptocurrency analyst Crypto Bull has expressed optimism about its potential, suggesting that purchasing the token below $16 could prove highly profitable in the future. Despite recent market challenges, including a Bitcoin price struggle to break past $100,000, the TRUMP meme coin is capturing increasing investor interest as it positions itself as a formidable force in both the crypto and political arenas.
Related topics:
Regulated XRP Receipts to Offer New Investment Opportunities
Bitcoin Surges Following US Job Data, Sparking Hopes of Rate Cut
CoinDCX Updates Terms for Indian Users, Effective February 7, 2025
