Analyst Predicts TRUMP Price to Hit $149 as It Surpasses DOGE in FDV
Highlights:
- TRUMP token’s market cap surged to $13.33 billion, becoming the third-largest memecoin after Dogecoin and Shiba Inu.
- Crypto analyst predicts $TRUMP rally to $149, driven by Elliott Wave patterns and declining selling pressure.
- TRUMP’s Fully Diluted Valuation hits $61.22 billion, overtaking Dogecoin’s $57.41 billion.
Shortly after US President-elect Donald Trump announced his own cryptocurrency, the token quickly skyrocketed to billions of dollars in market capitalization. With his term as 47th president of the US set to begin on Monday, Donald Trump released the $TRUMP meme coin.
On Friday night, Trump introduced his official meme coin on Truth Social and X, describing the token launch as a celebration of his ideals, a representation of “WINNING.”
TRUMP Price Action
OFFICIAL TRUMP (TRUMP) launched on January 17 with a value of $6.24. Less than three hours after launch, the token’s valuation escalated to around $8 billion, making it the third largest memecoin, trailing Dogecoin and Shiba Inu. In the following hours, its prices blew past the $30 mark. The token continued its surge, gaining over 800% overnight from Friday into Saturday.
As of press time, the memecoin is trading at $65, up by 128% on the daily chart. With an all-time high of $75.35, TRUMP has topped position 15, according to Coinmarket cap data. Moreover, its market cap and trading volume have surged to $13.33 billion and $28.83 billion, respectively.
Currently, the circulating supply of TRUMP is 199,999,999 coins, with a total of 799,999,804 tokens slated for release through a vesting schedule. In particular, the top 20 holders collectively hold 884,404,136.66 tokens, representing 88.44% of supply, primarily attributable to the token creators, developers, and Trump insiders associated with the token.
Crypto Analyst Forecast TRUMP Price Rally to $149
Crypto analyst BigMike on X has highlighted that TRUMP’s market activity is declining. A clear Elliott Wave structure is visible, progressing into Wave (3) with a potential move to Wave (5). The price has retraced to the 0.618 Fibonacci level, corresponding to $45.38. A possible next upward target for Wave (5) lies at the 1.618 Fibonacci extension level, $149.23.
$TRUMP pic.twitter.com/0zeJCr9Y0C
— BigMike7335 (@Michael_EWpro) January 19, 2025
Volumes have dipped during the corrective Wave (4), indicating declined selling pressure compared to earlier waves. A rebound from the current zone may approve the continuation of the bullish macrotrend. The Stochastic RSI near the oversold zone points to potential upward momentum. The price previously hit resistance at the 1.272 Fibonacci level at $75.
TRUMP’s Fully Diluted Valuation(FDV) Surpasses DOGE
The TRUMP token’s FDV (Fully Diluted Valuation), at $61.22 billion, has exceeded DOGE’s FDV, which is currently reported at $57.41 billion. In addition, Andrew Kang, co-founder at Mechanism Capital, posted on the X platform that the $TRUMP token could have a circulating market cap of $100 billion and a fully diluted valuation (FDV) of $500 billion and may surpass Dogecoin.
There's a decent argument for $TRUMP to go absolutely ballistic to $100b circulating market cap/$500m fdv and flip Doge
– Investing in $TRUMP feels a lot more palatable and attractive to invest in the trump brand than some random dog coin. Even though there is no value for the…
— Andrew Kang (@Rewkang) January 19, 2025
According to him, he believes that it is worth investing in the $TRUMP token over investing in random Dogecoin. Despite the token having no value in itself, setting a precedent would be the likes of catalysts like Dogecoin and Shiba Inu, which brought about enormous wealth during the previous bull run.
With the present economic context where funds are more accessible than it was during 2021, and taking into account Trump’s global influence and his large fanbase, it is possible that the $TRUMP token would see some development.
In addition, the big exchange listings will likely continue to drive TRUMP’s price rally. After its exceptional debut in the market, Binance and Coinbase, the two world’s largest cryptocurrency exchanges, announced listing plans for the token. In addition to Coinbase and Binance, the token is already trading on several other leading exchanges such as Bitget, KuCoi,n and Kraken.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
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Raymond Munene
Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.
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