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Where does the value of the cryptocurrency Trump come from?
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The success of Cryptocurrency Trumpannounced last Saturday (18), It caught the attention of investors to the memecoins sector. Launched days before presidential inauguration, Donald Trump Memecoin $ Trupm reached $ 7.6 billion in market value and a price of US $ 38 at the time of writing this article.
To explain where the value of memecoin comes from, the Crypto industry, Ki Young Ju, highlighted his view of the memecoins and what are the possible destinations of projects like $ Trump.
Ki Young Ju began his tweet, titled “Trump opened the memecoin age”, Explaining that memes are in the core of the financial market, from the perspective of investors. According to Cryptoquant CEO, retail investors who invest in the traditional financial market have always had the influence of trends and memes.
Ju also cited the Traditional investment in S&P 500, an index that brings together the 500 largest US companies. According to him, this can be a form of investment in memes. After all, many people who invest in the index are just Following the trend of many others who do the same.
Influence Investment
However, as Ju highlights, The internet and social media expand range, and does it faster and faster from new investment trends. For him, the investment in crypto has become easier due to platforms such as Robinhood and Cryptocurrency Brokerage (Exchange). With these companies, retail investors can actively invest, ie in real time.
For the entrepreneur, instead of simply saving his money in banks or index funds, investors have chosen to make trend -based investments. Although many have no experience in the market, they follow what influencers, investor friends, and great entrepreneurs say.
With this demand increasing driven by influence, retail investors create volatility, from which institutional participants take advantage.
However, for Ju, in the face of a scenario where there are no government regulations, this “herd behavior” tends to direct investors to the keywords of fashion. Thus, Donald Trump’s management would be interested in Capitalize this trend instead of regulating it.
To exemplify his analysis, Ju cites the case of Official Trump (Trump). THE Memecoin worked as a speculative liquidity magnet and raised $ 10 billion in a few hours.
Although there is no intrinsic value, The value of memecoin is in the engagement of the community. The more one community moves around meme, plus the token available in certain number (offer) It becomes interesting for other investors (demand), resulting in its appreciation.
Where does the value of the cryptocurrency Trump come from?
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Where does the value of the cryptocurrency Trump come from?
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Where does the value of the cryptocurrency Trump come from?