The cryptocurrency market remains volatile as global trade wars continue to impact investor sentiment. Bitcoin (BTC), the largest cryptocurrency by market capitalization, briefly dipped below the $75,000 mark but managed to recover, currently trading at $82,000.
This bounce has contributed to a broader recovery in the market, with the global crypto market capitalization rising 6.53% in the past 24 hours to reach $2.61 trillion. Altcoins are also riding the uptrend, with notable performances from niche tokens such as Trump Coin (Official Trump/TRUMP) and Melania Meme (MELANIA).
Analysts suggest this rebound may indicate a short-term recovery, though market conditions remain uncertain given the ongoing macroeconomic challenges.
Trump Coin and Melania Meme Take a Big Losses
The Official Trump (TRUMP) cryptocurrency has seen a significant price drop since its launch in January. After reaching an all-time high of $75.35 on January 19, just before President Trump’s inauguration, the coin has since declined by nearly 90%. Currently, TRUMP is up 6.36% on the daily charts but down 13.05% over the past week, 30% in the last 14 days, and 23% for the month.
Melania Meme (MELANIA), like Trump Coin, has experienced a sharp decline in value over the past few months. After reaching its all-time high of $13.73 on January 20, the day of President Trump’s inauguration, the cryptocurrency has dropped over 96% from its peak. In recent performance, MELANIA’s price has fallen 1.3% in daily charts, 9.07% over the past week, 20% in the last 14 days, and 28.55% in the past month.
Which Meme Coin Will Bounce Back First?
According to our expert’s technical and price analysis, TRUMP coin is projected to experience a significant rally in the coming weeks. The analysis suggests that the asset could reach a price of $66.83 by the end of May 2025. If this target is achieved, it would represent a remarkable 700% growth.
Similar to TRUMP, our analysts predict that MELANIA is likely to experience significant growth in the coming weeks. Current projections estimate that the asset could reach a price of $3.05 by the end of May 2025. If this target is achieved, it would mark an impressive 500% increase from its current value.
Moreover, it is highly likely that the crypto market will not see a breakout in May. The ongoing global trade war has posed significant challenges to the financial sector. Macroeconomic obstacles could hinder TRUMP and MELANIA from rallying as anticipated.
Also Read: What Would $5,000 in Bitcoin (BTC) Be Worth Today if You Invested When Trump Took Office?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
