OFFICIAL TRUMP (TRUMP) has continued its downward trend, losing another 7.3% despite reports of Donald Trump and the White House making substantial cryptocurrency purchases. The question remains: Is this enough to revive TRUMP and push it to the $100 mark?
Both Trump, the individual, and TRUMP, the meme coin, have been making waves in the crypto space, but the market downturn has prevented significant returns.
The entire market remains in the red, down around 2% on the day, with Bitcoin slipping back to the $86,000 zone. With these conditions, investors are asking whether an altcoin season will emerge this bull run.
Summary
U.S. Government’s Crypto Strategy and Its Impact
Optimism persists as the United States reportedly considers increasing its crypto holdings, and speculation around a crypto stockpile adds to the anticipation for potential market growth.
Recent statements from Donald Trump indicate his commitment to making America the “Bitcoin superpower of the world.” If the U.S. government follows through on acquiring Bitcoin in large quantities, it could provide price stability and reduce market volatility.
Unlike an ETF, a government-held reserve would not involve constant buying and selling, which could lead to a sustained price increase for Bitcoin and the broader crypto market.
Source – 99Bitcoins YouTube Channel
In breaking news, Trump recently stated at a crypto summit: “Never sell your Bitcoin.” His endorsement has fueled further speculation about governmental involvement in the crypto sector.
Additionally, reports suggest that the U.S. government is exploring ways to acquire Bitcoin without impacting taxpayers. There is also speculation regarding a potential removal of capital gains tax on Bitcoin and crypto transactions, which would be a massive shift for the industry.
OFFICIAL TRUMP (TRUMP) Price Prediction
TRUMP’s performance has closely mirrored Bitcoin’s movements, with its price action often responding to Bitcoin’s surges.
A review of the one-month price chart shows TRUMP’s peaks aligning with Bitcoin’s highs, reinforcing this correlation. If Bitcoin reclaims the $100,000 level, TRUMP could rise toward the $70-$100 range.
Currently, TRUMP appears to be stabilizing after a consolidation phase. Technical analysis suggests that a breakout above the $13 resistance level could trigger bullish momentum, pushing the token toward higher resistance zones.
Crypto analysts indicate that TRUMP is positioning itself for an upward trajectory, contingent on favorable market conditions. Adding to the speculation, TRUMP’s official X page recently announced the establishment of a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.
This development has fueled excitement, with unconfirmed reports suggesting that Shiba Inu (SHIB) could also be included in the reserve. If these moves materialize, they could create ripple effects across the crypto market, driving price recoveries not just for TRUMP but for other cryptocurrencies as well.
With multiple bullish catalysts in play, TRUMP and the broader crypto market could experience upward momentum in the coming months. Bitcoin’s performance remains the key driver, and a move past $100,000 could reignite altcoin season, benefiting TRUMP and similar assets.
As market sentiment improves and technical indicators hint at a potential breakout, TRUMP remains a token to watch in the evolving bull run.
New Solana Meme Coin To Watch
Solaxy is Solana’s first Layer-2 chain, built to fix ongoing issues with Solana’s Layer-1.
Solana is faster and cheaper than Ethereum, but network outages remain a problem. These outages, caused by scalability limits, have frustrated investors, especially meme coin traders. In January, Trump’s meme coin launches worsened congestion.
Solaxy is the only project actively working on a fix. It reduces strain on Solana’s mainnet by handling most transactions off-chain. Developers recently tested Hyperlane integration, allowing smooth asset transfers between Solana and Solaxy’s roll-up.
Next, the team will launch a stable version and expand support beyond SOL. Solaxy has also improved its tech, making it easier for developers to build. Block explorer and Solana-native tools are now available, and further updates will simplify program deployment.
By solving these issues, Solaxy could help Solana compete with Ethereum. Like Arbitrum, Base, and OP Mainnet improved Ethereum’s scalability, Solaxy aims to do the same for Solana.
Investors are taking notice, including a whale who made a large $SOLX purchase. With the U.S. establishing a reserve for $SOL, Solana’s growth could accelerate if Solaxy drives wider adoption.
Solaxy ($SOLX) is close to hitting the $26 million mark in its presale, with $25.6 million already raised. More big purchases are coming in, and $SOLX—currently priced at $0.001658—could see an early price jump if the current allocation sells out before the next stage starts in less than 36 hours.
One major draw is its staking program, which offers high APYs. Early participants now earn 160% during the presale. To join early, buy $SOLX through the Solaxy website by connecting a wallet like Best Wallet.
Best Wallet’s multichain support makes it a great choice for $SOLX, which is already on Ethereum, recently expanded to Bitcoin, and will soon launch on Solana. Stay updated by joining Solaxy’s X and Telegram communities.
To take part in the $SOLX token presale visit solaxy.io.
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