Quote from: Lida93 on March 19, 2025, 11:50:51 AM

Quote from: Marvell1 on March 19, 2025, 08:34:47 AM

Although it is backed by the current US president but I want to tell you this. Even if it was backed by the president, it would still be just a memecoin, and investing in memecoin is very risky and I think you know that.

Let not get deceived and continuously to be easily manipulated by the status of whoever is backing or not backing a coin, but the true intentions of the figure should be where our focus should lay more. We saw what happened with $LIBRA coin which was initially said to have the backing of Javier Milei the Argentines president but later got to be a scam on the investors who by virtue of Javier Milei's association with the coin prompt them to invest their funds in the memecoin. Ultimately, a memecoin will remain a memecoin at some point irrespective of who's backing it.

But I think comparing $TRUMP to LIBRA is a lame and unfair comparison to TRUMP. Trump is now the president of the world's leading power and not only that, he is also a very successful businessman in his career. That means Trump's token still has a chance to grow if he is serious about his project. In addition, the plus point of the TRUMP token is that it is listed on leading exchanges such as Binance, Coinbase, Upbit...and has very good liquidity. Meanwhile, LIBRA has none of these things.

As I said, a meme is still meme and risk but they are not exactly the same thing. Doge, Pepe or Floki are completely different memes from other illiquid memes on the market. It is also necessary to carefully screen, should not invest indiscriminately.