The TRUMP memecoin, a cryptocurrency inspired by former President Donald Trump, is generating buzz with speculation that its value could climb to $100 by the time of Trump's potential inauguration on January 20. This prediction comes from BitMEX cofounder Arthur Hayes.
Arthur Hayes, who is recognized for his insights into the cryptocurrency market, has called upon "degens" to actively celebrate the potential rise of this memecoin. The term "degens" refers to "degenerate gamblers," a nickname often used to describe high-risk, high-reward traders in the crypto space.
This forecast follows a broader trend of memecoins capturing the attention of traders and investors who are eager to capitalize on potential market opportunities. As the date approaches, the excitement surrounding TRUMP memecoin's prospects continues to build.
Source: cointelegraph.com ↗