Re: My friend thought TRUMP would be 500 dollars before trump presidency
My friend invested $100 in the TRUMP token, which was worth $56 at the time. However, he was optimistic that the token would soar to more than $500 before the election. Unfortunately, the token's value has declined significantly, and it is now selling at around $10. Even if the initial forecast was not met, the friend was able to break even and avoid losses. It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP. According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025. However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.
Predicting the current price of TRUMP. According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025. However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.
Because TRUMP is a meme coin and the general nature of the meme coins is to pump when hyped, your friend wasn't wrong to have that thought, but he needs to understand that meme coins are all about risks, and if they can pump heavily sometimes, there is always a chance for them failing to do that. Besides, since its initial price was around $0.18 and it went above $73, that was already enough of a surge for a meme coin. It's just that your friend bought very late, or he could make a good profit out of it.
A friend of mine bought some tokens as well when it was around $50. It went to $70, and I told him to sell them before it dropped, but just like your friend, he said it would pump once Trump takes the presidential position tomorrow.
I told him it's too much risk because it's a meme coin, so it's better if you exit with some profit instead of losing what you've gained so far but he didn't listen. Later, he sold his tokens for $22 apiece and was very regretful when I asked him later.