Trump coin (Official Trump/TRUMP) is experiencing healthy gains today after positive developments in a potential nuclear deal between the US and Iran. According to CoinGecko data, TRUMP’s price has surged by 4.2% in the last 24 hours and 6.4% over the previous week. However, the coin is still red in the other time frames, having fallen 0.7% in the 14-day charts, 7.2% in the monthly charts, and 64.3% in the yearly charts. TRUMP’s price is also down by 96% from its all-time high of $73.43. Let’s discuss if the recent development can push the coin back to the $10 mark.
Will Trump Coin Hit $10 If The US And Iran Reach An Agreement?
TRUMP last traded above the $10 mark in late July of 2025. The asset has been on a downward trajectory after hitting an all-time high on January 19 of last year. One should note that TRUMP hit its peak one day before President Trump’s inauguration.
TRUMP’s latest rally is likely due to the US President stating that the US and Iran may be on the bring of coming to a deal. The possibility of an agreement between the two countries seems to have boosted investor sentiment. The crypto market rally is being led by Bitcoin (BTC), which briefly hit $78,000 after nearly three months.
Also Read: Meme Coin Mania Fades: TRUMP Token Down 96% From ATH
Although the rally has brought some relief to crypto investors, the market is still fragile and price could fluctuate at any moment. Nonetheless, a peace deal could trigger another bull run for the crypto market. TRUMP’s price could potentially reclaim $10 under such circumstances.
Moreover, President Trump has chosen Kevin Warsh to replace Jerome Powell as the next Federal Reserve chair. Warsh is likely to reduce rates soon after assuming office. An interest rate cut could also propel another bull run for the crypto market.
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