Former US President Donald Trump’s controversial Memecoin launch in January may have contributed to the summit in the crypto market. Macro Strategist Jim Bianco, Bitcoin $89,051.77He said that there was a short time between the summit and the launch he caught in this period.
Bitcoin and Memecoin Effect
According to Jim Bianco, Bitcoin reached approximately 109,000 dollars in January, while this rise took place under the influence of Trump’s Memecoin launch. Bitcoin’s value decreased by more than 10 %in the last 24 hours.
The platforms such as Pumpfun attracted the liquidity with the story of Pump/Rug with a few hours of token, which prepared the ground for larger bottoms throughout the subcoins.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
The period of fading and competition
Bianco, Solana’nın similarly reached the summit in late January and this situation in parallel with the general mobility in the market, he said. Currently, Solana’s price is 133 dollars.
Jim Bianco: “Solana Network is the nest of the memecoin craze. He peaked on the left January 22, then fell almost half. This is in parallel with the general performance of the memecoins. ”
While the performance of other crypto assets shows similar fluctuations, Ethereum 
$2,488.87It is observed that Solana, one of the most important competitors, has lost a significant value since the peak. This mobility of the market is closely monitored by investors.
Analysts say that such launch may cause sudden price increases in a short time, but long -term trends may be due to different dynamics. The fluctuations in the crypto market reveal the need to make risk assessment for investors.
Although it is observed that memecoin launch leads to sudden rise in market assessments, it is thought that existing decreases may not permanently affect long -term trends. Investors are advised to determine their strategies by carefully monitoring the sudden mobility in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
