On January 20, 2025, at 12:00 p.m. ET, Donald Trump took the oath of office as the 47th President of the United States. Along with political history, the event is anticipated to have a significant impact on the financial world, especially cryptocurrencies. Due to Trump-pro crypto stance, the inauguration ceremony could ignite a significant upsurge in these Politifi Coins.
Key Highlights:
- Trump’s Inauguration could drive bullish momentum in emerging Politifi coins such as TRUMP, MELANIA, and DOGE.
- The formation of a pennant pattern hints at an impending breakout in TRUMP price.
- A long-coming support trendline drives the current uptrend in DOGE price.
Why PolitiFi Coins Are Poised for a Surge After Trump’s Oath
PolitiFi coins, by nature, are deeply intertwined with political events and public figures, making them highly reactive to major milestones such as presidential inaugurations. Thus, Trump’s return to office could drive investors’ attention to assets like Official Trump (TRUMP), Melania Meme (MELANIA), and the Department Of Government Efficiency (DOGE).
Official Trump (TRUMP)
The TRUMP token, introduced by Donald Trump himself, has quickly become a flagship of the PolitiFi coin sector. Launched shortly before his 2025 inauguration, TRUMP price has witnessed significant growth to currently trade at $51.26, while the market cap surged to $10.7 Billion.
Over the past week, the TRUMP price projected a sideways action resonating with the formation of a pennant pattern. A potential breakout from the overhead trendline will conclude with a pattern and accelerate the bullish momentum. The post-breakout rally could drive the asset to a high of $100.
Melania Meme (MELANIA)
On January 19th, Sunday, incoming First Lady Melania Trump launched a Solana-based memecoin, i.e., Melania Meme (MELANIA). Despite the limited details on this project, the coin price has witnessed significant investors’ interest and price volatility.
After the recent all-time high of $13.05, the meme coin entered a sudden correction to currently trading at $5.8— a 44% decrease. The current momentum shows no sign of slowing down, indicating that buyers should watch for support such as $5 and $4.
Department Of Government Efficiency (DOGE)
The Department of Government Efficiency (DOGE) token operates on the Ethereum blockchain and is designed to symbolize the need for effective governance and streamlined operations in public systems. Backed by Elon Musk’s endorsement, DOGE represents a satirical yet functional initiative to align technology and government reforms under the Trump administration.
Contrary to other Politifi Coin, the DOGE price witnessed a significant 35% intraday gain to trade at $0.145. The price surge marks a bullish reversal from an ascending trendline, which has acted as a dynamic support since mid-October 2024.
If history repeats, the coin price could witness a renewed bullish momentum and rebound past the $5 barrier.
Also Read: DEX Volume Reaches New High Amid TRUMP and MELANIA Frenzy
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