Recently, the Donald Trump-themed meme coin Doland Tremp (TREMP) made headlines as it reached a new all-time high after positive news about the billionaire’s presidential campaign. The former political leader’s softened stance on digital assets has garnered attention, with him now describing himself as the candidate of the pro-crypto voters.
The cryptocurrency market as a whole is showing positive signs, with many leading digital assets like Solana (SOL), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Chainlink (LINK) experiencing substantial gains. However, the meme coin sector is not experiencing the same bullish trend, with only a few exceptions seeing daily increases.
The Surge of Tremp Coin
One of the exceptions is Doland Tremp (TREMP), which surged by an impressive 60% in the past 24 hours, reaching a new all-time high of $1.07. This surge is related to the major news surrounding Trump’s campaign as he prepares to challenge the current political leader, Joe Biden, in the upcoming presidential elections in November.
The Swing States Competition
Reports have indicated that Trump holds the advantage in five out of six crucial swing states, including Pennsylvania, Arizona, Michigan, Georgia, and Nevada. These swing states play a significant role in US presidential elections, as they are not the traditional strongholds of any particular party and can swing in favor of either Republicans or Democrats.
The Stormy Daniels Trial
Another noteworthy development involving Trump is the hush-money trial with Stormy Daniels, a pornographic film actress who claimed to have had an affair with him before the 2016 election. Trump’s defense has challenged Daniels’ allegations and has highlighted inconsistencies in the testimony of his former lawyer, Michael Cohen, who paid hush money to Daniels.
During his time as President, Trump was openly critical of the cryptocurrency industry, labeling bitcoin and other digital assets as being based on “thin air” and even going as far as calling BTC a “scam.” However, in recent years, Trump has softened his stance on cryptocurrencies, stating that he can now “live” with bitcoin and even acknowledging the growing interest in using it for payments.
In a surprising turn of events, Trump has positioned himself as the candidate supportive of the digital asset industry, contrasting with his opponent Joe Biden and his administration, who are perceived as against cryptocurrencies. Trump has expressed his willingness to ensure that regulations are in place to foster a stable and secure environment for digital assets.
Despite the fluctuations in the cryptocurrency market, Doland Tremp has continued its upward trajectory, reaching an all-time high of over $10 on May 16. The surge in TREMP coin value reflects the growing interest in Trump’s campaign and the evolving dynamics of the cryptocurrency landscape.