The cryptocurrency market continues to be amazed. The TRUMP token – the official memecoin of the president-elect of america, Donald Trump – skyrocketed from the second it was launched.
TRUMP went from being value zero to having a market capitalization of $15 billion in simply over 24 hours.
In the meanwhile, memecoin ranks thirteenth by market capitalization:
As a facet impact of TRUMP’s rise, the cryptocurrency solana (SOL) has skyrocketedwhich is the native token of the Solana community. That is the community wherein Trump “inhabits.”
SOL is setting new all-time highsas will be seen within the following graph supplied by the CoinGecko platform:
It is very important point out that the RSI indicator (relative power index) is marking overbought ranges for SOL in the intervening time. That is interpreted because the rise being too fast. It could not be unusual to see bearish corrections within the subsequent few hours or days.
As CriptoNoticias has anticipated, excessive volatility is predicted within the cryptocurrency market as Donald Trump’s inauguration approaches, an occasion that can happen tomorrow, January 20, round midday.
In a context like this It’s vitally necessary to have enough danger administration to keep away from undesirable capital losses or, even worse, complete liquidations on account of buying and selling with leverage within the futures markets.
