TL;DR
- Robert Kiyosaki strongly criticizes the impact of $TRUMP coin, calling it a “farce” and irrelevant for serious investors.
- $TRUMP coin has surged by 132%, reaching $70 before a slight retrace to $65.80 per token.
- Analysts warn that $TRUMP could destabilize the meme coin market, draining liquidity and affecting smaller projects in the sector.
The renowned author of “Rich Dad, Poor Dad”, Robert Kiyosaki, has publicly criticized the recent hype surrounding the $TRUMP cryptocurrency. While the market celebrates the meteoric rise of this token, Kiyosaki has reaffirmed his support for tangible assets like gold, silver, and Bitcoin. According to him, the cryptocurrency based on former U.S. president Donald Trump is just another example of how the crypto market has lost its initial direction.
Launched as a speculative token, $TRUMP has gained massive attention, increasing its value by 132% in just 24 hours and reaching an all-time high of $70 before stabilizing around $65.80. However, Kiyosaki dismisses these movements, pointing out that such assets have no real intrinsic value.
$TRUMP and the Impact on the Crypto Market
Ali, a well-known cryptocurrency analyst, has warned that the meteoric rise of $TRUMP is draining liquidity from other meme tokens like $NOT, which has already fallen below a critical support level. According to Ali, this concentration of capital in a single token could lead to volatility and imbalance in the market, especially for smaller and emerging projects.
Since its launch, $TRUMP has shown impressive performance, with an initial supply of 999.99 million tokens, of which 200 million are currently in circulation. Analysts from Rose Premium Signals have forecast that the coin could reach values of $95, $108, and even $121 if it manages to break through the $70 resistance level. However, they warn that the path to these numbers could be bumpy due to its speculative nature.
The growth of the token is also fueled by the political relevance of Donald Trump, who is set to assume the U.S. presidency once again on January 20, 2025. This has intensified the symbolic value of the coin, attracting both investors and speculators.
Despite the market’s enthusiasm, critical voices like Kiyosaki’s question the real value of these assets, emphasizing the importance of focusing on solid investments like gold, silver, and Bitcoin. According to him, these offer greater security in times of economic uncertainty, in contrast to the volatility of tokens like $TRUMP.
With the market divided between supporters and skeptics, the future of the $TRUMP token remains uncertain, but its impact is already being felt across the crypto ecosystem.
