I want to know if that Trump coin, which was launched a few months ago after Trump won the 2024 US election,
Will that coin be profitable in the short and long term, or just a coin that won't last long?
The Trump coin happens to be one of the worst meme coin I have seen this year. I have friends who lost a couple of dollars. When i say a couple of dollars, i mean around $50-100, which isn't a small amount if you ask me. One of the best decisions i think i have taken this year was not buying the trump coin, despite the pressure and hype from the crypto community. I don't think the trump coin has had any significant impact since it last dropped past $20, So it's even difficult to know if it will be profitable in a long run(Of course, the possibility for a short term run is zero).
How safe can that coin be for investment, and will it be profitable or not?
Meme coins will always be meme coin no matter how you paint it. The risk is always there, far higher than that of others.
I won't advise anyone to jump in, especially at this point where the market is a bit rough.