Mimi currencies: What do you know about Trump’s hustle?
It does not carry any actual value, it is very volatile until recently it was often a joke. But Mimi coins suddenly are suddenly dangerous.
Patured by Donald Trump’s new embrace of the encrypted currency, Meme’s coins attract more fans and new scrutiny. Days before he took office for a second term, Trump launched a currency whose value was worth at least, at least on paper. He decreased after Melania Trump announced days after its currencies.
The popularity of Meme Coins has increased in recent years, driven by its access, and its relative simplicity compared to other encryption products and social media. Metal currencies now have a 41 % stake in the total market value of WEB3 – decentralized platforms that use digital assets – according to Data It was collected by social capital markets.
In 2024, the Meme currencies dominate the encryption space, blocks and web3, which demands the largest share in the market in 22.49 %Surpassing the main Blockchains like Solana and Ethereum, “according to the report.
around 40,000 to 50,000 Mimi icons It is created every day. Some of them are more popular than others, and the trading volume varies. The number of coins that are traded 1,091 last yearCompared to 740 in the previous year, according to the data collected by Crypto BDC Consulting.
Trump Code, $ Trump, It became the fastest Mimi currency To date, reach the maximum market of $ 13 billion, according to The Block, the encryption news site.
Industry specialists say it has paved the way for the adoption of the broader Meme currencies and the comprehensive encryption industry, even with some risks.
“Trump token just referred to every company, municipality, university and individual brand that can now be used as a Crypto as a mechanism to form a capital and the preparation mechanism for customers,” Jeff Dorman, chief investment employee in ARCA Financial Company, He said In a post on X.
What are the coins?
Meme currencies are an encrypted currency, where their value rises and drops it against the US dollar based on how much people will pay for that. Symbols depend on jokes on the Internet, celebrity culture and trends, and can be used to buy and sell things on the Internet without concern that the central bank or the government will affect the number of traders.
Metal currencies can be returned to 2013, when software engineers Billy Marcos and Jackson Palmer Dukwin launched a digital currency on Mimi that includes the Chipa Ino dog. Dogecoin is now the largest encrypted currency in the MM sector.
With a value of less than 16 cents before election day, Dogecoin doubled more than 38 cents after Trump’s victory. It rose again after he created Dog-called the Ministry of Governmental efficiency, a budget-raising team led by Dogoin Elusk fans.
One of the latest coins bearing an attractive name-“Fartcoin”-was launched in late October and reached a climax of $ 836 million in mid-December, bypassing Dogecoin.
Even the latest in the market is “Musk IT”, which is the Mim currency that Errol Musk started, and ELON’s father. The distinctive symbol of the Musk Institute, a profit research center, was funded, Fortune said.
Industrialists say that Meme investors include everyone from Bitcoin owners to people who realize the opportunity to hit them significantly.
“All of these children are like,” all these children are very expensive. “All good stocks are very expensive. And homes? I cannot bear their costs.
Metal currencies are very speculative because they are based on fast -moving social media trends, unlike cryptocurrencies such as Ethereum or Bitcoin whose value derives from basic technology. Investors can earn money, but they lost money on the coins that have gained huge reviews quickly after their launch and reached them directly.
The industry shook on Monday after Trump asked the customs tariff for the three largest commercial partners in America, then some of them were late. Mimi Trump’s currencies were disrupted as market news around the world, according to what she mentioned Intuition.
$ $ Trump has seen 18 % decrease. It was at $ 17.50 per code on Tuesday, compared to a peak of $ 72.62 the day before the right’s performance. $ $ 14 % decreased.
TOE BAUTISTA, Crypto Trading GSR research analyst, Meme coins as the most dangerous of gambling.
“Because they have no value, you are betting on the” greatest fool ” NBC News.
Trump currency draws coding criticism
Trump got fans in the world of encryption by pledging to make America “the planet’s encryption capital”, but Mimi’s currency caught some guard.
It includes a picture of him raising his fist in the air and the words “fighting, fighting, fighting” – in reference to his reaction after an assassination attempt last July. The distinctive symbol is marketed as “part of history”, with Trump describing it as “the head of encryption”.
“The incredible success in this so far will strengthen Trump’s interest in the industry because it benefits personally.” He said The block. “On the other hand, for those interested in the cryptocurrency that reshapes the global financial structure, this step brings us more towards a casino more encryption than real reform.”
The New York Times reported that CIC Digital and its subsidiary companies enjoy 80 % of the new TROMP Tokens supplies, which will be released gradually over three years, according to a disclosure on the symbols website, according to the New York Times. “Trading revenues will be paid” when selling distinctive symbols, “the site says.
“The move leads us more towards the encryption casino more than real repair.”
“Trump has 80 percent and timing before the predatory opening, and many are likely to be harmed by,” Nick Tomano, a former coordination official and former CEO CEO, posted on social media.
Trump -related entities Almost $ 100 million in trading feesReuters reported on Monday, while smaller traders lost money.
What is the future of coins?
Some coins were more successful than others. Haley Wellsh, “Falcon Girl Too”, watched the hawk currency to $ 490 million before Craving more than 95 % On the same day in the past fall. Its investors now sue the entities behind their currency.
But Meme coins still generate hope among their fans that they can develop into one of the assets adopted by traditional financial institutions.
GrayScale Investments, one of the largest encryption asset managers, launched the TREST GRAYSCALE DOGECOIN to facilitate the institutions exposure to Dogecoin. If approved, confidence will be diverted to a trading box for exchange, making Dogecoin a step closer to the main current.
The result will be the “Litmus test” for the new second, according to the Mooringstar Bryan Armor analyst.
“Dogecoin etf will not benefit investors: capital markets should not turn into a casino,” Brian Harmour, Director of Negative Strategies Research at Mooringstar, told Salon. “But if it is approved, I expect that other Meme currencies will also be approved.”
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