The price of Official Trump ($TRUMP) is up by 31.3% in the past 24 hours as the token recaptures the $4 billion level in terms of market cap.
Trading volumes are also exploding by 60% during this period and currently stand at $3.6 billion, accounting for 84.2% of the asset’s circulating supply.
The meme coin space is having a field day as the combined market value of cryptocurrencies in this category has surged by 5.1% in the past 24 hours and stands at nearly $74 billion.
$TRUMP’s rally is followed at a distance by $BONK and $PEPE as their price is also surging by 12.1% and 10.7% respectively.
Data from CoinMarketCap shows that Binance leads the pack in the spot market, amassing 21.2% of $TRUMP’s daily trading volume, followed by Upbit, the South Korean crypto exchange, with another 14.7%.
This uptick is pushing the 7-day performance of the President’s official meme coin to positive territory while yearly gains stand at 191.5% as the token continues to benefit from the significant surge in its market cap that it experienced on its launch date.
However, $TRUMP’s market value is down 71.3% compared to its all-time high of $15 billion as the crypto community was shocked after the project revealed that 80% of the total supply would be in the hands of insiders, including the Trump family and the token’s launch team.
Official Trump ($TRUMP) Breaks Key Resistance as Positive Momentum Gains Traction
$TRUMP’s price chart from Coinbase indicates that today’s uptick started at around 4 a.m. Easter Time. Bulls took over the price action and have managed to push the price above a key resistance level at around $20.5 per coin.
This move was accompanied by a bullish cross in the Relative Strength Index (RSI) above the signal line and steadily increasing momentum readings.
The rally could soon take a pause as the RSI has already entered overbought territory while the MACD reached its highest level since January 27.
This break is positive but it remains to be seen if $TRUMP’s bulls will manage to recapture this price level. If the price hovers around this area long enough and resumes its climb in the next few days, we could see Trump rising to $26.5 shortly, resulting in a 21.6% upside potential.
The launch of $TRUMP in the Solana network has provided a huge boost to the network’s credibility. However, the blockchain’s struggles to handle the transaction volumes that this asset prompted during its launch opened the door to what could be one of the best ICOs of the year.
Solaxy ($SOLX), a layer-two Solana scaling solution, is rapidly becoming one of the most promising upcoming crypto presales, raising over $20 million just two months after its launch.
Solaxy ($SOLX) Will Help Solana’s Ecosystem Overcome Network Congestion Issues
Back when $TRUMP was launched, both users and exchanges experienced transaction delays and errors as the mainnet struggled to keep up with this spike in transaction volumes.
Solaxy ($SOLX) introduces a novel mechanism that bundles transactions offline to alleviate Solana’s burden safely.
The developing team has already shared encouraging updates concerning the project’s advance. With $20 million raised, the protocol has already secured enough capital to start working on the implementation phase of the layer two protocol.
Aside from the significant upside potential that $SOLX offers to early buyers at its discounted price of $0.001634, investors who stake their tokens to secure the network will also earn a 195% annual percentage yield (APY).
This price will be raised in the next 10 hours to compensate the most loyal supporters.
To buy $SOLX, visit the Solaxy official website. You can either swap USDT, ETH, or BNB or use a bank card to make your investment.
