"The former US president is getting more and more interested in BTC, right? This is a pretty positive sign, right?"
During an interview with CNBC, former President of the United States (US) Donald Trump appeared to change his stance on Bitcoin (BTC) after saying that the cryptocurrency has many uses.
Earlier in 2021, Trump who labeled BTC as a scam had argued that the digital asset would threaten the US dollar as the world's reserve currency but now he sometimes lets people pay in BTC.
Pleased to inform MAGACoin (TRUMP) saw a significant increase as its price surged almost 26% on Monday yesterday amid crypto market participants speculating on the victory of the 45th US President in the 2024 race.
There is no denying that the expectation of Trump's victory in the 2024 Presidential race has spawned several memecoins in the Solana (SOL) ecosystem, but it may be high risk if investors are not careful to do their due diligence before investing.
Outside of insider trading, no one has an advantage and influencers do not advise investing large amounts of capital into memecoins like TREMP, comments a crypto trader called DK.
DK's returns on WHOREN, TREMP, HBODEN and DREM produced higher returns than other digital assets in its portfolio over the past three days while the 2024 US election has turned into a narrative class of its own among memecoins.
It should also be noted that memecoins that have a small market capital such as WHOREN, TREMP, DREM or TRUMP require due diligence and the investment may result in losses if the project faces a rug pull.
