Donald Trump likes to engage in many business ventures – steakhouses, casinos, fake universities. His latest business project, a Trump coin ($TRUMP), has started (500,000 transactions in less than 20 seconds!). But just $5 million (38%) was erased in value by the launch of Melania Trump’s coin – Melania ($MELANIA).
Clearly, they are taking full advantage of Donald’s inauguration today as the next President of the United States. But unlike her husband, Melania’s website told people that “her coin is not intended to be an investment opportunity.” Instead, it will probably be about his brutal way of getting revenge, before releasing a $STORMY play (probably. Maybe).
So should you buy $TRUMP or $MELANIA? That’s a question for another article. Right now, we should be looking at the scams being committed by Trump’s crypto company.
World Liberty Financial Marks Up Its Own Coins by a Stunning Amount
It’s not just Trump’s coin tossing that’s making news. His crypto company, World Liberty Financial, has released an additional 5 billion of its own tokens, World Liberty Financial (WLFI), due to “overwhelming demand.” They are responding to this overwhelming demand by marking up these tokens by 230%. He can now pay his lawyers and his judgments.
It should be noted that initially, most US investors were barred from investing in the token, with the sale open only to non-US citizens. It is believed that they did not want the SEC to sue them for illegal securities sales. But one wonders if this was the first back door to buying foreign influence with President Donald Trump.
Some other top coins are jostling for attention
With Bitcoin ($BTC) approaching $110,000 and Ethereum ($ETH) also looking healthy, is this the start of crypto exploding like a nuclear bomb? Given that Trump has promised crypto-friendly policies, investors are hoping for it, with one investor, Tron founder Justin Sun, set to increase his total investment in World Liberty Financial to $75 million.
But there are also other top coins that you should take a serious look at if you have crypto money to burn. Maybe you don’t want to invest in the Trump coin and get caught up in all the hysteria?
Check out these five bad boys for your crypto wallet.
Pepe from Wall Street ($WEPE)
Wall Street Pepe ($WEPE) is having a roller coaster ride in terms of pre-sales, with growing popularity, as well as the token price. With less than a month until the coin officially begins trading, it has already reached $53 million during this presale phase. Investors who got involved from the start therefore expect a very attractive return on investment.
The staking APY is still a respectable 24% and token holders can expect rewards such as in-depth financial knowledge usually reserved for whales and members of Congress. This is the one with the most potential and one that we are really excited about here at Bitcoinist.
Solaxy ($SOLX)
Solaxy ($SOLX) is on a mission to improve Solana, which is no small commitment. The Solana blockchain is currently in a bit of a chaotic state: transactions are slow and expensive, and the network is backed up, with ever-increasing gas fees. Some transactions even fail. The system is therefore in dire need of a lick of paint and a little polishing.
So Solaxy comes to the rescue. Thanks to Solaxy funds ($SOLX), the Solana blockchain will be remade into Solana L2 (Layer 2). This will be a much improved system with faster and cheaper transactions that will trample layer 1 into the dust.
The current price of the token is $0.001606 with a nice 305% staking reward. By purchasing in Solaxy, you are investing in a more elegant blockchain that will significantly improve the buying and selling of crypto.
MIND of Pepe ($MIND)
The Pepe family is very busy at the moment. While dad Wall Street is busy making a lot of money, his brother MIND de Pepe ($MIND) is also showing what he is capable of. In its release week, $MIND raked in just over $2.6 million, showing that Pepe Frogs seems to have the Midas touch.
$MIND is just one of the top AI agent coins currently sweeping the crypto markets. It promises crypto investment advice, based on “real-time hive mental intelligence.” Although it looks like X.com found this information, which makes you wonder how accurate this information will be.
But investors are still excited about the current token price of $0.0031635 and the staking APY of 781%. This is certainly an issue that needs to be engaged with, sooner rather than later.
American coin ($USA)
We’ll finish by looking at two patriotic-themed coins. These types of coins have rallied over the past 24 hours, likely due to the sudden growth of $TRUMP and $MELANIA.
American Coin ($USA) has a 92% bullish rating on CoinMarketCap. As you can see from the graph above, it was a bit underwater for a while after it fell, but is now picking up again. You can’t beat good old American patriotism to flip a coin. Especially the one called $USA.
$USA is currently trading at $0.00001529, with a total market capitalization of almost $173 million, and it is unclear when it will fade back into obscurity.
Milady cult coin ($CULT)
Milady Cult Coin ($CULT) is another meme coin that is doing very well thanks to the Trump coin. It actually does better than American Coin, but its bullish rating on CoinMarketCap is only 75%, compared to $USA’s 92%. Maybe this will escalate as the day goes on and Trump will get in the presidential limousine and start talking about crypto at the inauguration?
Any coin called $CULT should make you think for a minute. Maybe it was supposed to be called $MAGA and they spelled it wrong? Regardless, $CULT is growing pretty well now at $0.003178, with a total market cap of just over $335 million.
Unlike Donald Trump, don’t invest what you don’t have!
We should add the standard disclaimer that, right now, there is a lot of enthusiasm and hype surrounding the Trump coin and the top five alternative meme coins described above. But it is essential to keep a cool head and a rational mind.
Before investing anything, do plenty of research and come to your own conclusion after weighing the pros and cons. This is not investment advice, and you should never buy coins even with those you cannot afford to lose. Plus, there is no get-rich-quick scheme – just ask Donald.
