Where to Trade Melania and Trump Coins

[Forum Admin]

Where to Trade Melania and Trump Coins

  

Deriv has made the much-hyped TRU and MLN crypto coins available for trading just days after former President Donald Trump's second inauguration. Named after President Donald Trump and First Lady Melania Trump, these coins are part of the broader wave of Trump-branded crypto ventures that have captured attention and pulled in traders.

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Trump coin surge amidst hype and anticipation
Trump has been vocal about his commitment to promoting a "golden age" for digital assets, and these meme-inspired tokens have become part of that narrative. Initially, both coins saw a sharp increase in value, drawing attention from investors eager to capitalize on the excitement. The market responded with social media buzz and heightened coverage, pushing the coins to impressive highs. While not unprecedented in the meme coin world, these gains were undoubtedly noteworthy.

However, as with any high-profile launch, volatility quickly followed. The value of TRU and MLN experienced fluctuations typical of meme coins. While the coins have not crashed completely, some analysts have cautioned, warning potential investors about the risks of buying into such hype-driven assets.

Analysts caution about the market volatility of meme coins.
While the initial excitement was undeniable, analysts have pointed out the risks associated with meme coins like TRU and MLN. While potentially profitable in the short term, these coins do not carry the same underlying value or investment potential as more established cryptocurrencies. Critics argue that meme coins' volatility and speculative nature could lead to significant losses for those who do not fully understand the risks involved.

TRU’s price has dropped by about 50% from its peak, and MLN's value has also fluctuated. Many analysts caution that the hype surrounding these coins may not be sustainable in the long run, and investors should be mindful of the potential for sudden price corrections.

The $Trump frenzy
Despite the cautionary language from analysts, one of the most interesting aspects of the TRU and MLN launch is the influx of new, non-crypto people into the space, according to Axios. The meme coin phenomenon has long been known for attracting diverse investors, and the launch of TRU and MLN is no exception. Many early buyers are newcomers to the crypto world, drawn in by the excitement surrounding these new coins.

Data from blockchain analytics firm Chainalysis shows that many wallets holding TRU and MLN coins belong to small investors, many of whom are engaging with cryptocurrency for the first time. These buyers are likely motivated by the potential for short-term gains, and their interest could represent a shift in how people view digital assets.

Source: Chainalysis

 
For those new to the space, the initial success of TRU and MLN may offer a glimpse into cryptocurrencies' broader potential. The ease of entry and the prospect of financial rewards could encourage further exploration of other digital assets, even beyond meme coins.

TRU and MLN coins drive new crypto interest
While the cautionary language around TRU and MLN is well-founded, there are also significant potential benefits for investors, especially those new to crypto. For many non-crypto individuals, the opportunity to make money from these coins, even in small amounts, has been a gateway to understanding the world of digital assets.

The launch of TRU and MLN has significantly raised cryptocurrency awareness among the general public. Sarah Jones, a well-known crypto enthusiast and educator, noted that even individuals who previously showed little interest in digital assets are starting to explore the space. 

Moreover, the ability to make small profits, with 77% of TRU and MLN holders having earned a small amount, demonstrates that even in a volatile market, there is room for newcomers to experience some success.

While not every buyer will walk away with gains, education and exposure to cryptocurrency can be a valuable stepping stone for those looking for trading opportunities.

For now, you can get involved and speculate on the price of these two assets with a Deriv MT5 (Read Deriv MT5 Platform Review) or Deriv X account (Read Deriv X Platform Review)

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Trade 12 new crypto assets!

  
Trump (TRUUSD) and Melania (MLNUSD) coins made headlines after Trump’s inauguration and are now available as CFDs on Deriv.

Deriv’s crypto offering was expanded even further by listing 10 popular tokens, including SHIB, NEAR, AAVE, and SAND, available now to trade on Deriv MT5, Deriv X, or Deriv cTrader against US dollars.

 Start Trading with the new pairs and Earn Money Online.
 

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*TRUUSD, MLNUSD, and SHBUSD are not available to trade on Deriv cTrader.