My friend thought TRUMP would be 500 dollars before trump presidency

[Ruhila7]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election.  Unfortunately, the token's value has declined significantly, and it is now selling at around $10.  Even if the initial forecast was not met, the friend was able to break even and avoid losses.  It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP.  According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025.  However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.

[Alone055]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election.  Unfortunately, the token's value has declined significantly, and it is now selling at around $10.  Even if the initial forecast was not met, the friend was able to break even and avoid losses.  It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP.  According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025.  However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.

Because TRUMP is a meme coin and the general nature of the meme coins is to pump when hyped, your friend wasn't wrong to have that thought, but he needs to understand that meme coins are all about risks, and if they can pump heavily sometimes, there is always a chance for them failing to do that. Besides, since its initial price was around $0.18 and it went above $73, that was already enough of a surge for a meme coin. It's just that your friend bought very late, or he could make a good profit out of it.

A friend of mine bought some tokens as well when it was around $50. It went to $70, and I told him to sell them before it dropped, but just like your friend, he said it would pump once Trump takes the presidential position tomorrow.  I told him it's too much risk because it's a meme coin, so it's better if you exit with some profit instead of losing what you've gained so far but he didn't listen. Later, he sold his tokens for $22 apiece and was very regretful when I asked him later. 

[KiaKia]

Trump is a business man, if you are not early when Trump was announced you missed out already, the only way your friend can make his money back is if we see a real altcoin season.

Right now I am still doubting it will come but I don't even bothered much even while all my ALTs bag is dumping, at this point of time it is a ride or die for me. Selling right now is losing money.

[headingnorth]

Only the insiders and devs make money on memecoins because they received their tokens for free or almost free. 99% of everyone else will lose money.
The job of the shitcoin promoters is to pump and hype it up to retail who then purchase their bags at greatly inflated prices just before the great dump hits them hard.

It is one of the oldest scams in the book. It amazes me after all this time so many idiots are still falling for it.
Statistically you have much greater odds of making money at the casinos in Atlanta or Las Vegas then with any of these pump and dump shitcoins/altcoins.
At the end of the day that is all these altcoins are, worthless pump and dump scams, every single last one.

But it sounds like a great scam opportunity that a con artist like Trump would love which is why he started one himself.

[AVE5]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election. 

Well lets just say he was thriving based on self sensation estimating potential values of the coin without being sure of the coin market liquidation may become in the future.
It's really hard to determine a reliable potential values of a coin when it hasn't officially been listed in the exchange.
So I think that your friend was really dreaming with the expectation. As much as I know, the $trump coin accumulated values around the corners of president Trumps inauguration after the US election.
So your friend was only anticipating and was ignorant to understand how easily manipulative meme coins could be.

[Alpha Marine]

This is the major issue with memes, it's more of a gamble. You don't have a real metric to analyse and predict the movement of the token. In my opinion, he was right to assume it would pump because there will be a lot of hype around it, but the coin was rug-pulled, so there was no way it could get that high. Now that the hype has gone down, I doubt it would ever get to anywhere close to $50.

People who make out from memes are either extremely lucky people or people who have enough money to buy different tokens and hope that one will give them a lot of returns.

[Ruhila7]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election. 

Well lets just say he was thriving based on self sensation estimating potential values of the coin without being sure of the coin market liquidation may become in the future.
It's really hard to determine a reliable potential values of a coin when it hasn't officially been listed in the exchange.
So I think that your friend was really dreaming with the expectation. As much as I know, the $trump coin accumulated values around the corners of president Trumps inauguration after the US election.
So your friend was only anticipating and was ignorant to understand how easily manipulative meme coins could be.

He bought in spot and that's why he might have not got liquidated though. I will say that memes are memes and trade with care.

[Dunamisx]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election.  Unfortunately, the token's value has declined significantly, and it is now selling at around $10.  Even if the initial forecast was not met, the friend was able to break even and avoid losses.  It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP.  According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025.  However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.

Investment on memecoins is not what we are expected to hold for long like that, because once we missed out on the specific time for it pump, then the next you bein to see is the fall of the same coin, which might have been when some of us have entered with the hope of waiting for it to rise and it keeps going bearish, so also think that he missed the investment opportunity by arriving late, he should know this with all these hypes that are common with memecoins.

[Bd officer]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election.  Unfortunately, the token's value has declined significantly, and it is now selling at around $10.  Even if the initial forecast was not met, the friend was able to break even and avoid losses.  It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP.  According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025.  However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.

Not only your friends, many others have suffered losses by investing in TRUMP coins. I myself lost money by investing in trump coins, I don't know if I can ever recover the loss, I think it will not be possible to recover the loss. Now I don't know where you saw that the price of TRUMP coins will go up a lot this month. The price of this coin is going down day by day, currently at $7. I don't think TRUMP prices will pump that much this month. Now if you want to invest based on such predictions, be prepared to lose. In my opinion it is wise to stay away from TRUMP coins.

[tokeweed]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election.  Unfortunately, the token's value has declined significantly, and it is now selling at around $10.  Even if the initial forecast was not met, the friend was able to break even and avoid losses.  It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP.  According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025.  However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.

The one in ETH that was later bridged to SOL via Wormhole?    Yeah..  That one is def dead now that Trump dropped his official memecoin a couple of months ago.  And it's funny as it marked the local top of the market before everything started tumbling down as the grifts were getting exposed.  Lol.

And tbqh, it might take a while before memes start getting some interest again.  The next lowest hanging fruit after airdrops and memes might be getting into private rounds in Echo and Legion if you have the bankroll.

[Charles-Tim]

It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.

Since 2024, did you not noticed that those tokens lunched on solana blockchain will first rise immediately after they are listed on centralized exchanges. They will increase like 10x or more or less and they will begin to fall. Your friend could have used that to make predictions. Trump coin is not special but just a solana meme coin.

[BD User]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election.  Unfortunately, the token's value has declined significantly, and it is now selling at around $10.  Even if the initial forecast was not met, the friend was able to break even and avoid losses.  It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP.  According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025.  However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.

Since it is a Trump meme coin, there is no guarantee that its price will ever increase. It may increase or decrease further. Initially, the main reason for the increase in the price of Trump token was the campaign of Donald Trump and his election results. But recently, there has been no much promotion of Trump coin and due to the global economic recession, Trump coin may go into a further recession. I do not expect the price of Trump coin to increase in a few days.

[asriloni]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election.  Unfortunately, the token's value has declined significantly, and it is now selling at around $10.  Even if the initial forecast was not met, the friend was able to break even and avoid losses.  It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP.  According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025.  However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.

Your friend is obviously buying trump at peak price due to the FOMO. He has very big expectation to the trump token without even fully known if it was a meme token. It's weird when we have seen someone who literally have almost zero knowledge gambling on trump with the hope to get a lot of profit in a short time.

I also suggest you never fall to the any prediction that came from nowhere. The credibility of the source who made such prediction should be questioned. It's hard for Trump token increase more than 200% without bitcoin is getting bullish.

It's also important to remember how alts is also reacting slowly to the any of bitcoin pump. Just tell your friend to hold if he can.

[Renampun]

My friend invested $100 in the TRUMP token, which was worth $56 at the time.  However, he was optimistic that the token would soar to more than $500 before the election.  Unfortunately, the token's value has declined significantly, and it is now selling at around $10.  Even if the initial forecast was not met, the friend was able to break even and avoid losses.  It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.
Predicting the current price of TRUMP.  According to certain projections, the TRUMP token's price could rise by 226.74% to $33.52 by April 28, 2025.  However, the Fear & Greed Index shows a score of 26 (Fear), reflecting a negative outlook.

My deepest condolences for the loss your friend suffered due to putting great trust in the TRUMP meme token, currently the price of the TRUMP token is $8.20 and it is unpredictable whether the price will return to its ATH at $75, honestly I think it will be very difficult for the TRUMP token to return to its ATH after so many protests against the policies made by President Trump, if I were in your friend's position then I would not sell the token, I just consider it my bad luck, and hold it until the price goes up again.

[TastyChillySauce00]

TRUMP coin at the end of the day is a meme and value purely gotten from the speculation of the hype, when hype dies, value definitely gonna go down.

the funny thing is, people always speculate on a meme to achieve an even higher price possibly 2x - 5x of current ATH price while FDV itself is already too big. it basically doesn't make sense seeing from FDV alone, money doesn't grow on trees to pump the meme coin so they can actually see that their prediction are flawed had they aren't too biased toward certain coin.

an experienced invesstor would question themselves and think maybe they're too much in FOMO, but newbie tend to just go all-in .

[hugeblack]

Since it is a $100 investment, I don't think it will make a difference if the price reaches zero, so I advise your friend to keep it until its value exceeds $100 or reaches zero.
As for the investment value being $500, this is a very optimistic and unrealistic scenario given the market data.

[justdimin]

It is crucial to consider the unpredictable nature of token price and the volatility of cryptocurrency exchanges.

Since 2024, did you not noticed that those tokens lunched on solana blockchain will first rise immediately after they are listed on centralized exchanges. They will increase like 10x or more or less and they will begin to fall. Your friend could have used that to make predictions. Trump coin is not special but just a solana meme coin.

This is true prediction, not "all" of them goes up, but the ones who go up will fall back down, so it is clear that Trump would have been the same, and turns out it was. But, because "the president of the USA" was tied to it and it was officially really his own coin, that became something that made people be a lot more interested in it and assumed it would be different.

I am not arguing over it, they are right to assume that it could have been different, after all this is the memecoin of the president of biggest nation in the world, not some other meme based thing, but turns out they were wrong and it was just another one. This is why I do not really see them as doing anything special with it, it's just going to keep going down.

[BADERO]

Since your friend didn’t invest a large amount of money, what good would it do to withdraw his money after losing 90% of the initial amount? The logical thing is to leave it and hope that luck is on his side, and not to be too greedy

[doomloop]

This is the major issue with memes, it's more of a gamble. You don't have a real metric to analyse and predict the movement of the token. In my opinion, he was right to assume it would pump because there will be a lot of hype around it, but the coin was rug-pulled, so there was no way it could get that high. Now that the hype has gone down, I doubt it would ever get to anywhere close to $50.

People who make out from memes are either extremely lucky people or people who have enough money to buy different tokens and hope that one will give them a lot of returns.

While you are right about the volatility of memecoins, the risk involved is known beforehand. If someone thinks Trump coin, a memecoin made by a known scammer, could become 500 dollars, then they should be also realizing it could be under a dollar too. If you invest without putting both sides on the scale, then you are a bad trader or a bad investor.

You should consider what could be good if you invest, there is nothing wrong with that, yes imagine it becoming 500 dollars and that would make you happy but never ignore the part about the potential of going down as well, you have to always consider that as a possibility and if you don't then you are not doing your job right. Always consider both possibilities before investing.

[Frankolala]

Meme coins are the same and will always follow the same price movement irrespective of who is the owner. I don't gamble with shitcoins because you will hardly make profits when you are not lucky to sell when the price is high. Your friend should accept his loss and sell his investment and put it into bitcoin, because bitcoin is profitable overtime.