Trump-Inspired Memecoins Crash 30% After Rumors Of Trump’s Official Token Launch. The crypto industry has been a crucial topic in the electoral campaign for the November US presidential elections. This year, presidential candidates have embraced cryptocurrencies to obtain the industry’s support. As a result, the community has capitalized on the momentum with Memecoins.
PolitiFi tokens, a new memecoin category inspired by political figures, have performed remarkably this Q2. Trump-inspired tokens have been the talk of the town after the Republican candidate started endorsing cryptocurrencies. However, these memecoins have suffered a massive 30% drop in the last 24 hours. (TRC20) TKKEXeAiEf4VJPVdK6dThjpnNrN4s2Hw4Z
Tellor is a decentralized oracle protocol that connects off-chain data to on-chain smart contracts. It allows data reporters to supply and validate data permissionlessly, competing for TRB token incentives. This data is essential for DeFi applications, enabling smart contracts to use real-world information. Tellor ensures data integrity by allowing disputes and verifications, creating a robust Oracle # TRB has recently seen a significant price jump, surging 4.41% in the past 24 hours. Over the past year, the price skyrocketed by 1,060%, outpacing 96% of the top 100 crypto assets. Tellor trades 93.05% above its 200-day SMA of $53.52, indicating robust growth. However, the 14-day RSI is 72.72, suggesting a potential price correction. In the last 30 days, it enjoyed 16 green days, accounting for 53% of the period, with a low volatility rate of 7%. Its market cap is $266.23 million with a 24-hour volume of $300.52 million, showcasing high liquidity and strong investor interest.
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