The former BitMEX CEO, Arthur Hayes, is making a daring prediction for the TRUMP meme coin: it can outperform Bitcoin if market sentiment continues enhancing and politicians begin leveraging meme cryptos.
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The TRUMP token was launched to coincide with US President Donald Trump’s inauguration and, in simply a short while, grew to become the fourth-largest meme coin by market capitalization. However, after hitting a peak of $75, the TRUMP meme coin dropped to under $20.
Now, the asset is getting a re-evaluation, with Hayes providing a prediction on its subsequent motion. Immediately after Hayes’ put up, the TRUMP meme coin confirmed indicators of restoration. It’s at the moment buying and selling between $19.03, up 17% in the last 24 hours, knowledge from CoinMarketCap reveals.
Why TRUMP Meme Coin Will Perform Better Than BTC
In a weblog put up, Hayes speculated that meme cash will grow to be a strong political instrument since they can be utilized for promoting and campaigning. He then predicted that the 2026 midterm election can be a pivotal second for the crypto trade, as extra politicians would be part of the development and launch their very own meme coin tasks.
According to Hayes, political meme cash are distinctive crypto tasks since they mix politics and leisure. He speculated that if market sentiment improves additional, political meme cash, significantly TRUMP, will outperform Bitcoin.
Hayes used the the most recent worth motion for the 2 digital belongings, with TRUMP down 80% from its excessive, and Bitcoin struggling to reclaim $110k. If the market scenario improves, Hayes thinks that the TRUMP coin will surge first, and Bitcoin will observe.
Will Other Politicians Follow Trump And Launch Their Meme Coins?
Hayes additionally expects that extra politicians will be part of the development and means that Chinese chief Xi Jinping is subsequent. He added that Xi will notice that he wants to point out those who he’s widespread, and a technique to do that is to launch a meme coin.
However, Hayes supplied a warning that related tasks sooner or later will not be as profitable in comparison with the TRUMP meme coin.
Challenges Up Ahead For Similar Crypto Projects
In an interview with Scott Melker, Hayes mentioned that there’s an thrilling change within the crypto trade favoring extremely liquid meme cash. However, Hayes defined that solely Trump can pull this off and that future political meme coin tasks could battle as a result of strict group requirements.
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Hayes speculated that some buyers could ask for honest launches with equitable allocations.
Melker additionally supplied his insights on the distinctive standing of the TRUMP meme coin. He referenced a latest chat with Hasem Qureshi of Dragonfly, who steered that the asset’s tokenomics is comparable extra to a safety than a meme coin.
He added that individuals are shopping for the token due to Trump, and its worth shouldn’t be freely floating and topic to cost discovery.
Featured picture from Gemini Imagen, chart from TradingView
