TRUMP coin rebounds 7%, traders predict ETF and future growth
A presidential projection in the crypto space
On January 28, the TRUMP meme coin once again caught the attention of crypto traders, as the token partially recovered and ranked among the top gainers in the last 24 hours.
At the time of writing, Official TRUMP gained over 7%, trading above $28.30. Earlier in the day, the token twice surpassed $30, sparking optimistic discussions on social media about its future potential.
Crypto trader ColdBloodedShiller noted positive signs in TRUMP's recent lows, highlighting the formation of a bullish divergence just below the $32 resistance zone.
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A presidential projection in the crypto space
In another post, ColdBloodedShiller suggested that President Trump might use the TRUMP token as a measure of success and influence in the crypto realm.
Meanwhile, trader Johnny, boasting nearly 800,000 followers on X, revealed he opened a position after observing a 70% correction from TRUMP’s peaks. Johnny stated, “If we can reclaim $30, this could quickly accelerate to $38.70.”
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“I can’t imagine a world where the president lets this stagnate. I wouldn’t be surprised to see a TRUMP ETF in the future,” he added.
When discussing TRUMP's potential, investors mention its "aura of value," which meme coins previously lacked, the inflow of speculative capital, and the willingness to take risks in hopes of high returns.
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"Trump has more global reach than Elon and truly the largest cult following in the world. Trump will be the PRESIDENT of the most powerful and free country in the world," wrote another influencer, Andrew Kang, on X.
At the World Economic Forum in Davos, US President Donald Trump vowed to establish the United States as the global capital for cryptocurrency and artificial intelligence (AI), reinforcing his administration’s pro-crypto stance.
