TRUMP Coin Spikes 17% As Arthur Hayes Says It Could Outperform Bitcoin
14 Febbraio 2025 - 3:00PM
NEWSBTC
The former BitMEX CEO, Arthur Hayes, is making a bold prediction
for the TRUMP meme coin: it will outperform Bitcoin if market
sentiment continues improving and politicians start leveraging meme
cryptos. Related Reading: Cardano Price Balloons 107% As Whales
Scoop Up 1.41 Billion ADA The TRUMP token was launched to coincide
with US President Donald Trump’s inauguration and, in just a short
time, became the fourth-largest meme coin by market capitalization.
However, after hitting a peak of $75, the TRUMP meme coin dropped
to below $20. Now, the asset is getting a second look, with Hayes
offering a prediction on its next movement. Immediately after
Hayes’ post, the TRUMP meme coin showed signs of recovery. It’s
currently trading between $19.03, up 17% in the last 24 hours, data
from CoinMarketCap shows. Why TRUMP Meme Coin Will Perform Better
Than BTC In a blog post, Hayes speculated that meme coins will
become a powerful political tool since they can be used for
advertising and campaigning. He then predicted that the 2026
midterm election would be a pivotal moment for the crypto industry,
as more politicians would join the trend and launch their own meme
coin projects. According to Hayes, political meme coins are unique
crypto projects since they blend politics and entertainment. He
speculated that if market sentiment improves further, political
meme coins, particularly TRUMP, will outperform Bitcoin. Hayes used
the the latest price action for the two digital assets, with TRUMP
down 80% from its high, and Bitcoin struggling to reclaim $110k. If
the market situation improves, Hayes thinks that the TRUMP coin
will surge first, and Bitcoin will follow. Will Other Politicians
Follow Trump And Launch Their Meme Coins? Hayes also expects that
more politicians will join the trend and suggests that Chinese
leader Xi Jinping is next. He added that Xi will realize that he
needs to show people that he’s popular, and one way to do this is
to launch a meme coin. However, Hayes offered a warning that
similar projects in the future may not be as successful compared to
the TRUMP meme coin. Challenges Up Ahead For Similar Crypto
Projects In an interview with Scott Melker, Hayes said that there’s
an exciting change in the crypto industry favoring highly liquid
meme coins. However, Hayes explained that only Trump can pull this
off and that future political meme coin projects may struggle due
to strict community standards. Related Reading: Ethereum Whales On
The Move—224,000+ ETH Withdrawn In Record Outflow Hayes speculated
that some investors may ask for fair launches with equitable
allocations. Melker also offered his insights on the unique
standing of the TRUMP meme coin. He referenced a recent chat with
Hasem Qureshi of Dragonfly, who suggested that the asset’s
tokenomics is comparable more to a security than a meme coin. He
added that people are buying the token because of Trump, and its
price is not freely floating and subject to price discovery.
Featured image from Gemini Imagen, chart from TradingView
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