The author of Rich Dad Poor Dad, isn’t holding back when it comes to his thoughts on the newly launched TRUMP memecoin.
While the crypto world is in crazy hype over this memecoin, Kiyosaki is quite unimpressed and is sticking to his guns about investing in tangible assets like Bitcoin, gold, and silver. He’s likely right.
Memecoin from Trump? Really?
In a post on X, Kiyosaki expressed his skepticism about TRUMP coin, claiming that the entire cryptocurrency scene has devolved from being the future into a farce.
His comments highlight a cleardivide between those who support established cryptocurrencies and those jumping on the hype train with new tokens like TRUMP.
Despite Kiyosaki’s criticism, TRUMP coin has gained significant traction, attracting a flurry of trading activity since its launch.
TRUMP coin’s performance metrics
Crypto analyst Ali has also weighed in on the situation, warning that TRUMP coin could drain liquidity from other memecoins, and pointed out that all the attention on TRUMP might hurt other tokens.
In short, as TRUMP rises, other coins may struggle to keep up, suggesting that this influx of interest in TRUMP is shifting trading volumes away from newer projects, leading to potential volatility.
Since its debut, TRUMP coin has been on fire, skyrocketing 132% in just 24 hours and currently, in the time of writing trading at around $55. It even peaked at $70 before settling back down slightly.
With an initial supply of 999.99 million tokens, only 200 million are currently circulating.
The Trump trade?
Analysts from Rose Premium Signals are optimistic about its future performance, projecting potential prices of $98, $108, and even $121 if it can break through the $70 resistance level.
The excitement surrounding TRUMP coin is further fueled by Donald Trump’s inauguration as president on January 20, 2025.
This political backdrop adds an extra layer of hype to the memecoin and could keep the momentum going.
