Trump's currency challenges the market and leaps 18%... Will it surpass Bitcoin soon?

While most cryptocurrencies struggle with volatility, the meme coin Trump has emerged as an exception, achieving a rise of nearly 18% in just 24 hours, reaching $19.35 and surpassing major meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE).

Increasing Interest and Record Trading Volume

The eye-catching performance of the Trump meme coin has attracted the attention of investors, with trading volume rising by 102% to exceed $1.5 billion, reflecting growing interest in this digital currency. This momentum aligns with comments from Arthur Hayes, the former CEO of BitMEX, who indicated that meme coins may play a larger role not only in trading but also in American politics.

Arthur Hayes' Predictions: Meme Coins as Political Tools?

Arthur Hayes is known for his bold predictions, and this time he believes that meme coins could become influential tools in the political landscape. In a recent post, he claimed that politicians might use cryptocurrencies to communicate with voters in new ways, even going so far as to speculate that Donald Trump himself might be interested in the price of this currency, further stirring speculation about its political significance.

Will Trump Coin Rise Before Bitcoin?

Hayes also observed that if market sentiment improves, the Trump meme coin could outperform Bitcoin in its ascent. He explained that political insiders with prior knowledge of pro-crypto policies may start buying the coin, which could lead to a price increase before a significant surge in Bitcoin occurs.

It is noteworthy that the Trump coin was launched during Trump's inauguration and quickly became one of the top four meme coins, after DOGE, SHIB, and PEPE, but its impact has transcended digital currencies to reach the political arena.

A New Trend: Will Politicians Launch Their Own Digital Currencies?

Hayes believes that meme coins will surpass their traditional role as mere speculative assets, noting that the 2026 U.S. midterm elections could witness the launch of meme coins tailored for politicians to attract voters and fund electoral campaigns. He even predicted that Chinese President Xi Jinping might someday use this strategy to enhance his public image.

Analysts Predict Further Rise for Trump Coin

Analysts concur with Hayes' forecasts, with cryptocurrency expert "Crypto Paul" stating that purchasing Trump Coin at under $16 represents a significant investment opportunity, predicting its price to double in the near future.

Is Bitcoin Still Stumbling?

In contrast, Bitcoin continues to struggle to break through the $100,000 barrier, amid warnings from Arthur Hayes about the possibility of it dropping to $70,000 due to tightening liquidity conditions. While the market awaits Bitcoin’s next move, the Trump meme coin is capturing attention with its unexpected upward momentum.

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