Can TRUMP Coin Explode 1,000%? Price Prediction After Utility Token Plans Revealed Simon Chandler | usagoldmines.com

Trump Coin has risen by 3% today, with the meme token’s move to $13.40 coming as the crypto market dips by 0.5% in the past 24 hours.

TRUMP is now up by 10.5% in a week and by 72% in the past fortnight, although the token remains down by 81% in relation to its ATH of $73.43 (set in January).

Yet the past couple of weeks have been promising for the meme coin, with President Donald Trump boosting its price via an offer of a private dinner to the token’s 220 biggest holders.

And with Trump’s media group now planning the launch of a utility token for its streaming service, Truth+, it’s possible that TRUMP Coin will continue its climb over the coming weeks.

Can TRUMP Coin Explode 1,000%? Price Prediction After Utility Token Plans Revealed

Writing in a letter to shareholders, the Trump Media & Technology Group Corp. revealed plans to expand Truth+, including adding a subscription service with “premium content.”

The letter also revealed that the media group is weighing up the possibility of adding “a utility token within a Truth digital wallet” that will pay for “Truth+ subscription costs,” while later being usable for “other products and services in the Truth ecosphere.”

The letter did not confirm that this will definitely happen, instead acknowledging only that the group is “exploring” the option of a utility token.

Still, what it shows is a serious intent to delve deeper into the crypto ecosystem, and potentially to do things that will support the growth and price of Official Trump (TRUMP) itself.

And the market appears to have taken the news in this way, with the chart for TRUMP Coin showing a recovery in momentum today.

After dropping below yesterday, the token’s RSI (purple) has begun rising towards 50, from where it could easily push to higher levels.

We also see that TRUMP’s 30-period average (orange) has stopped its descent, with the token’s price likely to climb over the indicator very soon, signalling a potential breakout.

Given its momentum, Trump Coin could reach $15 in the next couple of weeks, before working its way back to $20 by the second half of the year.

Its growth in the second half of the year will depend on macroeconomics, with a return to open trade likely to see TRUMP hit $40.

With that kind of upside in play, a 1,000% move no longer seems out of the question.

Fresh Altcoin Gaining Traction as Traders Hunt the Next Breakout

One argument against Trump Coin is that its biggest move may already be behind it.

No amount of lip service to boosting ‘utility’ or expanding its ecosystem is going to change what it really is, which is a meme token.

If so, some traders may already want to look for the next viral altcoin, one which could outperform the market as it weathers the current period of uncertainty.

There are several presale coins which are promising in this regard, with one of the newest being Subbd (SUBBD), which has now raised just over $290,000 in its sale.

What’s interesting about Subbd is that it’s launching an AI- and crypto-based adult content creation platform, one that is aiming to take on incumbents such as Only Fans.

On the one hand, the use of crypto and smart contracts will ensure fair and transparent payments for content creators, with the use of NFTs also enabling them to monetize their posts.

On the other hand, Subbd will provide AI-based tools that users can harness to aid and enhance their content creation, from the generation of ideas to the actual creation of content.

This combination of features positions Subbd very nicely to grow once it launches in the next few months, at a time when adult content platforms remain hugely popular.

Investors can join SUBBD’s presale now by going to the SUBBD website and connecting a compatible wallet, such as Best Wallet.

The coin currently costs $0.0553, although this will continue to rise every few days, until the sale ends.

The post Can TRUMP Coin Explode 1,000%? Price Prediction After Utility Token Plans Revealed appeared first on Cryptonews.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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