Trump Coin (Official Trump/ TRUMP) has faced a massive price correction over the last year. The asset climbed to an all-time high of $73.43 on Jan. 19, 2025, a day before President Trump’s inauguration. However, TRUMP’s price has fallen by 96.1% since its peak. The asset has faced substantial selling pressure over the last few months, with prices struggling to gain steam. According to CoinGecko’s TRUMP data, its price has fallen by 2.3% in the last 24 hours, 16.3% in the last week, 18.3% in the 14-day charts, and 13.8% over the previous month. Let’s discuss if TRUMP can recover its price this year.
Can Trump Coin’s Price Recover?
Trump Coin (TRUMP) falls under the memecoin category. These cryptocurrencies are subject to online speculation and hype. TRUMP hit an all-time high a day before President Trump’s inauguration, and has been on a downward trajectory since. The pattern suggests that investors waited for Trump to take his oath before dumping the asset. Moreover, President Trump’s popularity has taken a hit over the last few months, amid rising global geopolitical tensions and macroeconomic uncertainty.
The crypto market, in general, has faced substantial challenges over the last few months. Memecoin, given their higher risks, have faced substantially more selling pressure. Trump Coin (TRUMP) may not see any upward price action if the larger economic and geopolitical landscape does not change.
Also Read: Donald Trump Loses $10.76 Million After Crypto Portfolio Plunges 94%
However, there is a possibility that the Federal Reserve will begin printing more money in the coming weeks to sustain the ongoing Middle East conflict. More money printing could lead to a surge in crypto investments. Additionally, President Trump has chosen Kevin Warsh as the new Federal Reserve chair. President Trump has repeatedly asked for an interest rate cut, which could be the first thing on Warsh’s agenda after assuming office. A rate cut and more money printing could lead to TRUMP gaining some steam. However, reclaiming its all-time high price levels may take far longer.
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