The crypto trade sector is defined with high risk and high reward dynamics. Trade skills and market performance of investors play an important role. The experience of a crypto trader explains well. The person won 22.7 million dollars in the first process with Trump Coin, but the second transaction damaged $ 8.48 million. Let’s see how it happened.
Trump Coin investment
The official breast crypto, Trump, launched by US President Donald Trump, quickly became popular among crypto users. This crypto merchant, one of the early adopts, made big profits. In the first investment, the person bought only 1.03 million Trump at a price of $ 1.79. With the rapid rise of the price, he sold these tokens at a price of 23.84 dollars and made a profit of 22.7 million dollars.
Coin depreciation
The merchant re -invested in Tokena, 309,514 Trump, ie 16.7 million dollars worth of purchases. However, the Trump Coin price declined with sales pressure. As a result, this crypto trader lost 70% of Trump and $ 8.48 million.
Market reaction
Trump Coin was one of the most trendy breast coins after launch. On the same day, it reached $ 75.35 in the price of consolidation and completely decreased trend. The Trump price on a weekly basis is currently trading for $ 26.16. The market value is 5.23 billion dollars, the transaction volume is 3.64 billion dollars and decreased by 26 %in the last 24 hours.
Trump Memetomen is close to $ 25.35 support line. If the buyer maintains this level, an upward trend may occur up to the resistance point of $ 30.39. The exceeding this level can enable the downward trend to be completely reversed and the next resistors will be determined according to the fibonacci levels.
Losses and gains in the crypto sector are common. Critics express their concerns about Trump’s performance and ongoing consolidation. Although breast coins is linked to the US president, there were suspicions about the recovery due to volatility.
This underlines the fluctuation and investment risks in the crypto market. Considering the high volatility in the market, it is important for investors to act carefully and by doing research.
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 perform their operations in line with their own research.
