Cryptocurrencies are evolving quickly, but Melania Trump’s new meme currency is taking things to the next level.
MELANIA’s market capitalization has already exceeded $2 billion and some traders believe it will continue to rise to $20.
But it’s not just MELANIA that is experiencing an increase in demand.
New meme coins Flockerz and Meme Index are also capitalizing on the bullish conditions – each looking set to rebound following their launch on exchanges.
MELANIA cryptocurrency exceeds $2 billion in market capitalization despite controversy
Melania Trump’s meme coin hit the market just a day after her husband’s TRUMP token took off.
And it’s already generating both hype and controversy.
Hosted on Solana, MELANIA soared from its introductory price to an all-time high of $13.73 earlier today.
This surge pushed its market capitalization past $2.2 billion – not bad for a coin that has only been online for 24 hours.
But the timing of its launch has drawn criticism.
Some industry experts, like Jim Blancodid not hesitate to describe the Trump organization as “greedy”.
YouTuber Cafézilla he went even further to claim that MELANIA’s website was so bad that he thought it was a hack.
Despite everything, MELANIA maintains its place among the world’s best meme pieces.
It is currently ranked 7th by value and has recorded a trading volume of over $5.3 billion since yesterday.
MELANIA is even at the top of the CoinMarketCap rankings list of trending cryptos.
Can MELANIA reach $20 after its price cut?
MELANIA price has stabilized around $7.90, but many signs indicate that this could be a brief pause before another big rise.
The numbers so far are solid – more than 445,000 holders worldwide and a supply capped at 1 billion tokens.
In total, 250 million of these tokens (25% of the supply) are already in circulation.
Traders are monitoring the $6.90 level, which aligns with the 0.5 Fibonacci retracement zone and could be the launching pad for the next leg higher.
With Trump’s inauguration today and Binance introducing perpetual futures for MELANIA, such a rally could happen quickly.
But can the coin reach $20?
A move from support at $6.90 to $20 would mean a 189% jump – ambitious but not out of the question given the level of buzz MELANIA is generating.
-Influencers like WhaleEverything on Twitter seem to agree.
So while things may have calmed down since the MELANIA summit, there’s a good chance that momentum will pick up again soon.
Flockerz and Meme Index gain traction as hype around these viral pre-sale pieces grows
All the excitement around MELANIA is setting the stage for the next batch of meme pieces to explode.
Two new presale projects are attracting attention in this regard: Flockerz and Meme Index.
Flockerz raked in $11.2 million in pre-sales, and it’s easy to see why.
Unlike MELANIA, which relies on speculation, Flockerz brings something useful with a Vote-to-Earn model.
Community members can vote on governance proposals and earn FLOCK tokens for doing so.
The more someone votes, the more FLOCK they can earn.
Flockerz Presale will end in just 2 days, which means investors have one last chance to purchase tokens at the fixed price of $0.0066883.
Fellow Presale Project Meme Index is also experiencing an increase in demand after the takeover of MELANIA.
This project offers curated portfolios of meme coins spread across four different risk levels, ranging from conservative to high-risk plays.
With $2.6 million raised so far, Meme Index is attracting the attention of investors who want exposure to meme coins without having to choose individual coins.
There is even a staking app for the native MEMEX token offering APYs of 879%.
Crypto Earningsa YouTuber known for finding low-cap gems, urged his subscribers to “get in early.”
With MELANIA proving what’s possible, Flockerz et Meme Index could enter the market at the right time.
They might just be the next meme-themed cryptocurrencies to take off.
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