With the upcoming US elections on the horizon, there has been a notable rise in meme coins associated with former President Donald Trump, who is reportedly eyeing a return to office. One such coin that has garnered attention is TrumpCoin (DJT), a newly established cryptocurrency that made its debut on May 21. The coin was officially listed on the MEXC Global exchange on June 18, 2024. Following its launch, DJT reached a peak value of $0.01806 on June 20, only to experience a significant drop the next day, plummeting to $0.009372. As of June 25, the coin is currently trading at around $0.0177, boasting a market cap of $176.14 million.
TrumpCoin, also known as DJT, is categorized as a memecoin that is closely tied to Trump’s media stock, DJT. Operating on the Solana blockchain, the project aims to attract both meme coin enthusiasts and politically inclined investors.
The creation of DJT has been attributed to Martin Shkreli, famously known as “Pharma Bro” for his controversial background. Shkreli claimed that Barron Trump, the youngest son of Donald Trump, approached him regarding the DJT token. According to Shkreli, he provided guidance on the project, suggesting that Barron Trump possesses the smart contract’s private keys, with collaboration from the cryptocurrency influencer “Ansem.” Shkreli also insinuated that Donald Trump was aware of the token’s existence and gave his blessing for its development. However, the crypto community has expressed skepticism due to Shkreli’s criminal past, questioning his intentions behind the creation of DJT.
Looking towards the future, what can investors expect in terms of the long-term outlook for DJT? Various sources have provided TrumpCoin price predictions for the upcoming years.
In 2024, Coincu forecasts the DJT token’s value to fluctuate between $0.2636 and $0.6325. On the other hand, CoinDataFlow anticipates a potential peak for TrumpCoin at $0.031537 during the same year.
Moving forward to 2025, projections for TrumpCoin indicate a valuation ranging from $0.4849 to $1.05. Coindataflow’s prediction suggests that the memecoin could reach a peak of $0.084853 in 2025.
Looking even further ahead to 2030, Coindataflow predicts that DJT may only reach $0.0790032. Coincu’s forecast for 2030 envisions the token’s value fluctuating between $1.69 and $2.32.
As with any investment, there are risks associated with investing in TrumpCoin, given its speculative nature and controversial origins linked to Martin Shkreli. It is crucial for potential investors to carefully assess these risks before making any decisions. Whether to invest in DJT or not is a personal choice that should be made after thorough consideration and evaluation of the potential risks involved.