Donald Trump, a former critic of cryptocurrencies, has recently shifted his stance, advocating for the industry's growth. Trump has voiced plans to position the United States as a global leader in crypto, promising to establish a Bitcoin strategic reserve and boost BTC mining efforts while opposing central bank digital currencies (CBDCs). His latest endorsement is for a new cryptocurrency platform, “The DeFiant Ones.”
In a recent post, Trump highlighted his intent to challenge the dominance of large banks and financial elites, stating, “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand — together.”
Read more: Trump’s New Cryptocurrency Project ‘The Defant Ones’: Can It Shake Up the Market?
Following Trump’s announcement, several meme coins linked to his name have experienced notable price increases. MAGA (TRUMP) has surged by 20% in a single day, Super Trump (STRUMP) has risen by 10%, and Trump Mania (TMANIA) has seen an 8% increase.
TRUMP Price, Source: CoinGeckoTRUMP Price, Source: CoinGecko
The rally in Trump-themed meme coins may be influenced by both the recent endorsement and Trump’s increasing support in political polls. According to Polymarket, Trump leads with approximately 51% of the vote compared to 48% for his main opponent.
The meme coin sector has been particularly active recently, with numerous tokens achieving new all-time highs. Analyst Murad Mahmudov has suggested that “cult meme coins” might continue to outperform other crypto sectors through the current market cycle.
Mahmudov highlighted that the combined market cap of the top meme coins, excluding major players like Dogecoin (DOGE) and Shiba Inu (SHIB), stands at around $8 billion. He considers this figure relatively small compared to global wealth and predicts significant potential for meme coins, stating, “I would not be shocked for Memes to hit $1T+.”
Read more: Dogecoin Price Rises 6% After Elon Musk's Reaction to Trump’s Cabinet Offer
In addition to meme coins, sectors such as Artificial Intelligence (AI) cryptocurrencies and Real World Assets (RWA) are also expected to thrive in the evolving crypto landscape.
Tech entrepreneur Avi Schiffmann, known for creating a COVID-19 tracker in 2020, has introduced a $99 AI-powered necklace to combat loneliness. But is it bordering on creepy and concerning, or is it a stroke of creative genius?
KikyoShiba Eternity’s Web3 launch on Shibarium requires LEASH token staking for exclusive access. The game's integration with Shibarium will burn SHIB tokens, potentially increasing SHIB's value and driving up its price.
WeatherlyMovement, a network of modular move-based blockchains, has launched its public testnet, Parthenon, alongside its integration with Polygon's AggLayer. Movement Labs reports $160M in committed TVL ahead of the mainnet launch later this year. Will you join the movement?
CatherineNeiro is a memecoin inspired by a rescue dog and launched on both Solana and Ethereum. The Solana-based Neiro faced suspicions of a rug pull after its developer made $2.85 million, while the Ethereum version has seen rapid growth but also raised concerns about insider control.
JoyPresidential hopeful Donald Trump recently promoted limited edition Bitcoin-themed sneakers called the "Crypto President High Tops". This release is part of Trump's strategy to appeal to a diverse voter base, including the sneakerhead community.
KikyoAlex Svanevik, CEO of Nansen, launched a Solana memecoin named IQ, which soared to a $6 million market cap before falling to around $1 million. The ease of creating memecoins through platforms like MakeNowMeme and Pump.Fun has led to many scams, emphasising the need for cautious investment.
AnaisChakra, a Bitcoin restaking protocol based on ZK proofs, has teamed up with Binance Web3 Wallet to bring you a Bitcoin pre-staking campaign for Babylon’s Mainnet launch with pre-staking ending on 7 August.
CatherineBinance Labs has invested in Particle Network, a Layer-1 blockchain platform aimed at unifying the fragmented Web3 landscape. With features like universal accounts and liquidity, Particle Network simplifies blockchain interactions, enhancing accessibility and user experience.
WeatherlyNotcoin has launched a new story-driven Telegram game called “Lost Dogs” that will last for 6 weeks. Players vote daily on decisions that shape the story, earn both NOT tokens and the in-game currency, WOOF. So what is your choice?
KikyoCircle’s EURC stablecoin is now live on Base, an Ethereum Layer 2 network, offering faster and cheaper euro transactions. With support from major industry players and a proven track record of USDC’s success on Base, EURC is set to enhance liquidity and global financial accessibility.
Anais