Trump Crypto Coin: The Rise of a New Digital Asset

The Trump Crypto Coin has been making headlines in recent times, and for good reason. It's a new digital asset that's generating a lot of buzz.

Developed by a company called Trump Coin, the Trump Crypto Coin is built on the Ethereum blockchain, a secure and decentralized platform that allows for peer-to-peer transactions.

With a maximum supply of 10 billion coins, the Trump Crypto Coin is designed to be a store of value and a medium of exchange.

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Bitcoin surged 60.7% in less than two months following Trump's election victory.

Several alternative coins, or Altcoins, also saw extraordinary gains, with Hedera's HBAR, Ripple's XRP, and Stellar's XLM being the top performers.

HBAR saw an increase of over 579%, with the price jumping from 1.43 baht to 9.72 baht.

The top-performing Altcoin in the post-US election boom was Hedera's decentralised network.

Only two Altcoins listed on the Bitkub Exchange reported a negative performance, a testament to the bullish sentiment sweeping the market.

As of Dec 17, Bitcoin stood at a staggering 3,671,998 baht, even before Trump officially assumes office.

Worth a look: Trump to Launch Crypto Coin

Bitcoin skyrocketed 60.7% in less than two months after Donald Trump's election victory.

The surge was driven by Trump's crypto-friendly agenda, which provided a significant tailwind for the market.

Bitcoin repeatedly broke all-time highs, with a staggering value of 3,671,998 baht on Dec 17.

Hedera's HBAR saw an increase of over 579%, with the price jumping from 1.43 baht on Nov 5 to 9.72 baht on Dec 17.

Ripple's XRP and Stellar's XLM also enjoyed significant gains, with several alternative coins outperforming Bitcoin.

Only two Altcoins listed on the Bitkub Exchange prior to Nov 5 reported a negative performance, a testament to the bullish sentiment sweeping the market.

With Trump's administration set to roll out crypto-supportive policies, the market could see even more gains.

Forty-three percent of American men ages 18 to 20 say they have invested in, traded or used cryptocurrency, compared to 16% of the general population.

It's no surprise then that Trump is taking notice of this growing demographic. In May, Trump announced that his campaign would begin accepting donations in cryptocurrency.

The goal is to build and solicit support from what he calls a "crypto army." This move is a significant shift from his previous stance on cryptocurrency, which he described as "not a fan" of in 2019.

Trump's tweet in 2019 also highlighted concerns about cryptocurrency facilitating unlawful behavior, including drug trade and other illegal activity.