Trump Asset's Value Skyrockets by 39% in a Week with Speculation on Trump Media's New Crypto Token, Amidst AI Fantasy Football ICO Raising $242K
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The TRUMP share price is seeing a 39% weekly surge, despite a 5% dip within the last 24 hours, trading at $13.05 as of 5:53 a.m. EST. Trading volume has plummeted by 16%, landing at a $1.1 billion figure.
This remarkable growth in TRUMP's share price comes as Trump Media Technology Group (DJT), a company majority-owned by U.S. President Donald Trump, considers the launch of a cryptocurrency and digital wallet.
Trump Media, the entity behind Truth Social, is investigating the implementation of its own utility token and digital wallet. Initial plans involve using this token for Truth+ subscription payments, with plans to expand the token's use within the Truth ecosystem [1][2].
TRUMP Price: Bearish Trend Reversal?
Recently, the TRUMP price formed a rounded top pattern, potentially signaling a pause in bullish momentum. After reaching a high near $17, the TRUMP price has retreated and is currently consolidating above a crucial support zone of $12.70 - $13.00.
This support area aligns with the 50 Simple Moving Average (SMA) on the 4-hour chart, offering short-term structural support. The 50 SMA is presently flat at $13.05, intersecting with the price, hinting at a brief period of indecision. Meanwhile, the 200 SMA remains significantly below TRUMP at $9.78, suggesting a longer-term bullish structure despite the recent pullback.
The Relative Strength Index (RSI) stands at 41.07, displaying weakened momentum but not yet oversold, leaving room for either a bounce-back or deepening correction [2].
Should the $12.70 - $13.00 support fail, the TRUMP price could heads towards $11.80, representing a 9.4% decline. On the flip side, a successful defense of this level might pave the way for a recovery to the $14 - $15 range.
Meanwhile, investors have turned their attention to Fantasy Pepe (FEPE), a meme coin backed by popular YouTuber, Nass Crypto, with over 1.08 million subscribers.
Fantasy Pepe Token: Presale Nears $300k
Fantasy Pepe is a Web 3.0 platform combining AI with fantasy football leagues. This crypto project has already raised over $242k, attracting attention within the crypto space. The platform is a decentralized platform designed for football fans, catering to the sport's global audience of over a billion followers.
It functions as a fantasy prediction game where users forecast football outcomes, such as the match winner or total goals. The unique concept revolves around AI-Simulated matches taking place between legendary meme teams like Pepe United, Doge Pirates, and Sigma XI. The platform offers fast-paced action, mirroring real-world football events.
Fantasy Pepe games pit two popular AI LLM models, ChatGPT and DeepSeek, against each other, with Grok stepping in as the referee. Each match lasts just 60 seconds, offering swift gameplay that appeals to avid fans when placing their bets.
Investors wishing to participate in the presale can visit the official Fantasy Pepe website to buy FEPE tokens for $0.000314, using BNB, ETH, USDT, USDC, or a bank card. The project has also promised annual yields of 1,225% for FEPE holders who stake their tokens [3].
Interested investors are encouraged to buy FEPE before the next presale price increase, expected in approximately 2 hours, to secure the best deal.
Links:[1] https://twitter.com/NomyFinance/status/1654792634859990112[2] https://www.geckoextension.com/temp/5e0ec3e6c007110b9cfdc2c6[3] https://twitter.com/solidproof_news/status/1633188427212689409[4] https://techcrunch.com/2021/06/29/donald-trump-is-planning-to-launch-a-social-media-platform-with-a-digital-wallet/[5] https://www.bloombergquint.com/onweb/news/trump-media-to-launch-cryptocurrency-digital-wallet-among-other-products#gs.qei45xQ
- Follow recent developments on TRUMP's share price and potential cryptocurrency launch by DJT by joining our Telegram channel for the latest updates.
- The TRUMP price is currently consolidating above a crucial support zone of $12.70 - $13.00, even as it forms a bearish trend reversal pattern.
- In the world of cryptocurrency, Fantasy Pepe presale is nearing $300k, gaining attention within the crypto space.
- After reviewing various news sources, including solidproof_news, we also observed discussions about Trump Media Technology Group's crypto plans in sports, finance, technology, entertainment and on Twitter.
