Donald Trump likes to delve into many business ventures – steaks, casinos, fake universities. His latest business project, a Trump coin ($TRUMP), hit the market immediately (500,000 transactions in less than 20 seconds!). But no sooner had this happened than $5 million (38%) was lost in value due to the launch of Melania Trump’s coin – Melania ($MELANIA).
Apparently they are taking full advantage of Donald’s inauguration today as the next US President. But unlike her husband, Melania told people on her website that “her coin is not intended as an investment opportunity.” Instead, it will probably be her brutal way of getting revenge before releasing a $STORMY coin (probably. Maybe).
So should you buy $TRUMP or $MELANIA? That’s a question for another article. For now, we should look at the wrongs that Trump’s crypto company has caused.
World Liberty Financial is increasing its own coins by a staggering amount
It’s not just Trump’s coin launch that’s making headlines. His crypto company World Liberty Financial released 5 billion more of its own tokens, World Liberty Financial (WLFI), due to “overwhelming demand.” They are responding to this overwhelming demand by increasing these tokens by 230%. He can now pay his lawyers and his court judgments.
It is worth noting that most US investors were initially prohibited from investing in the token and sales were only possible for non-US citizens. It is believed that they did not want the SEC to take action against them for illegal securities sales. But one wonders if this was the first back door to buy foreign influence with President Donald Trump.
Some other top meme coins are vying for attention
With Bitcoin ($BTC) nearing $110,000 and Ethereum ($ETH) also looking healthy, is this the start of a crypto explosion like a nuclear bomb? Given that Trump has promised crypto-friendly policies, investors are hoping for it, and one investor, Tron founder Justin Sun, is about to increase his total investment in World Liberty Financial to $75 million.
But there are also some other top meme coins that you should seriously take a look at if you have some cryptocurrency to burn. Maybe you don’t want to invest in the Trump coin and get caught up in all the hysteria?
Check out these five bad boys for your crypto wallet.
Wall Street Pepe ($WEPE)
Wall Street Pepe ($WEPE) is experiencing a real roller coaster ride in pre-sales, its popularity is increasing and the token price is also increasing. With less than a month until the coin officially goes on sale, it has already reached $53 million in this presale period. Therefore, investors who got involved at the beginning expect a very attractive return on their investment.
Staking APY is still a respectable 24% and token holders can look forward to rewards like insider financial knowledge usually reserved for whales and members of Congress. This is the one with the most potential, which we are really excited about here at Bitcoinist.
Solaxy ($SOLX)
Solaxy ($SOLX) is committed to improving Solana, which is no small commitment. The Solana blockchain is currently in a bit of a mess – transactions are slow and expensive, and the network is congested, leading to ever-increasing gas fees. Some transactions even fail. So the system desperately needs a coat of paint and a splash of polish.
So Solaxy comes to the rescue. Using Solaxy Funds ($SOLX), the Solana blockchain will be converted to Solana L2 (Layer 2). This will be a significantly improved system with faster and cheaper transactions that will kick Layer 1 into the dust.
The current token price is $0.001606 with a nice staking reward of 305%. By purchasing from Solaxy, you are investing in a better, leaner blockchain that will significantly improve the buying and selling of cryptocurrencies.
MIND by Pepe ($MIND)
The Pepe family is pretty busy at the moment. While Daddy Wall Street is on the hunt for big money, his brother MIND of Pepe ($MIND) is also showing what he can do. In the week it was released, $MIND raised just over $2.6 million, showing that Pepe Frogs seem to have the Midas touch.
$MIND is simply one of the best AI agent coins currently hitting the crypto markets. It promises crypto investment advice based on “real-time hive mind intelligence.” However, X.com will apparently be looking for this information, which makes one wonder how accurate this information will be.
But investors are still excited about the current token price of $0.0031635 and the APY of 781%. This is definitely something to get into sooner rather than later.
American Coin ($USA)
Finally, let’s take a look at two patriotic-themed meme coins. These types of coins have rallied in the last 24 hours, most likely due to the sudden growth of $TRUMP and $MELANIA.
American Coin ($USA) has a 92% Bullish rating on CoinMarketCap. As you can see from the graphic above, the water level was underwater for a while after the crash, but it is now rising again. There’s nothing like good old American patriotism to get a meme coin going again. Especially one called $USA.
The US dollar is currently trading at $0.00001529, with a total market cap of almost $173 million, and there is no telling when it will be forgotten again.
Milady Cult Coin ($CULT)
Milady Cult Coin ($CULT) is another meme coin that is doing very well alongside the Trump coin. It actually performs better than American Coin, but its bullish rating on CoinMarketCap is only 75%, compared to 92% on $USA. Maybe this will pick up as the day goes on and Trump will get in the presidential limousine and start talking about crypto at the inauguration?
Any coin called $CULT must make you think. Maybe it was supposed to be $MAGA and they spelled it wrong? Regardless, $CULT is currently performing quite well at $0.003178 and a total market cap of just over $335 million.
Unlike Donald Trump, don’t invest what you don’t have!
We should add the standard disclaimer that there is currently a lot of excitement and hype surrounding the Trump coin and the five alternative best meme coins featured above. But it is crucial to keep a cool head and a rational mind.
Before investing anything, you should do thorough research and come to your own independent conclusion after weighing the pros and cons. This is not investment advice and you should never purchase meme coins with coins that you cannot afford to lose. Plus, there’s no get-rich-quick scheme – just ask Donald.