After a period of consolidation, the digital asset market is showing signs of life. This was largely due to macroeconomic uncertainties.
TRUMP and MemeFi have made huge gains over the last day, while Bitcoin is still hovering above the recently recovered $90,000.
Official Trump skyrockets after dinner invitation
Today, TRUMP tokens saw a remarkable rise to a peak of 14 dollars in 24 hours.
The latest upsurge was sparked by a private invitation from the US President to have dinner with him.
TRUMP’s site highlighted the “most exclusive invitation” in the entire world. “Only for the 220 top TRUMP meme coin holders.”
Source: trumpmemes.com
Dinner will be held at President’s Club in Washington DC on May 22, 2019.
The top 25 TRUMP holders will also be treated to a special reception.
After a small dip, Official Trump is trading at $12.29.
Over 600% increase in trading volume on a daily basis signals heightened interest in meme cryptocurrency.
Donald Trump has promised to prioritize crypto during his presidential term.
Although experts have criticised mixing crypto and politics, TRUMP’s popularity remains unabated.
Altcoins are gaining in popularity despite their crash since its peak around $75 back in January.
Fans will be watching how “crypto-president” affects TRUMP’s rise in the coming months and years.
MemeFi Pops 86%
MemeFi could attest to the fact that TRUMP has renewed his bullish activity in the meme-crypto sector.
The token is now trading at $0.002768 – an 86% increase over the last 24 hours.
Chart By CoinMarketCap
Investors are looking to take advantage of the recent rebound as the increased trading volume is a sign that traders have been rushing in.
Understanding MemeFi
MemeFi, a Telegram platform, combines mobile gaming and cryptographic features for web3 access.
MemeFi’s culture of memes has enhanced its gaming environment, making it a brand with a strong resonance in the crypto community.
The project, which has over 55 million Telegram users and 10 million on-chain wallets, is a leading platform that bridges the blockchain ecosystem with the Telegram one.
MEMEFI has experienced a recent surge in popularity thanks to a broad-based rally.
Overview of the Crypto Market
Bitcoin, which recently traded at $93,350, is still above the $90k mark.
The market is experiencing a renewed optimism, supported by the substantial flows into bitcoin spot ETFs. Some traders see this as an indication of a possible shift in trend.
The data indicates that the total amount of inflows reached $2.2 billion this week, underlining a new wave bullish sentiment.
#Bitcoin etfs purchased $917 million in BTC yesterday. This brings the total amount of BTC bought this week to $2.2 billion. Bulls have returned
Bitcoin is aiming for the critical resistance of $95,000. If it surpasses this level, then Bitcoin can reach new highs.
Analysts anticipate continued Bitcoin gains, as Trump’s easing of the trade war along with regulatory changes under the SEC chairman bolsters investor confidence.
Arthur Hayes, co-founder of BitMEX believes this is the last opportunity to buy Bitcoin under the $100,000 threshold.
Altcoins will experience explosive growth if BTC continues to rise.
The post Bitcoin prices today: TRUMP, MemeFi and BTC hold above $90k will be updated as new information is revealed.
