Renewed Interest in Altcoins Fueled by TRUMP Gala Dinner
Speculation surrounding the exclusive Gala Dinner and White House tour scheduled for May 22, aimed at the top 220 holders of the TRUMP token, is reigniting interest in various altcoins. While the TRUMP token remains the centerpiece of attention, other narrative-driven cryptocurrencies are also gaining traction as the event approaches. Among the altcoins to keep an eye on are TRON (TRX), EOS, and the Official Melania Meme (MELANIA).
Tron (TRX) and Justin Sun’s Involvement
Justin Sun, the founder of Tron, is set to participate in President Trump’s private dinner for prominent TRUMP meme coin holders, affirming earlier speculations regarding his role in the event. Arkham Intelligence has indicated that a cold wallet associated with HTX, the exchange linked to Sun, currently leads the TRUMP token holdings, positioning him as the largest known owner. Although the wallet’s owner has not been officially verified, Sun’s confirmed attendance has amplified interest in both the TRUMP token and TRON (TRX), creating a buzz within the cryptocurrency community.
TRX Price Forecast
This increased attention could potentially influence TRX’s price movements in the short term. Should buying momentum continue, TRX may surpass its resistance level at $0.267, aiming for a subsequent target of $0.279. Conversely, if the current support level at $0.261 fails to hold, the token could decline to $0.256. A stronger downward trend might push it even lower to the $0.250 mark and possibly down to $0.243.
EOS and WLFI’s Controversial Acquisition
World Liberty Financial (WLFI) stirred up controversy by acquiring $3 million worth of EOS, a move that has raised eyebrows within the cryptocurrency sector. This purchase, amounting to approximately 3.64 million EOS tokens, is linked to WLFI’s increasing participation in politically connected cryptocurrency ventures, particularly those associated with President Trump. Although EOS has seen a more than 9% increase since the acquisition, skepticism lingers due to WLFI’s previous $125 million loss from reportedly selling ETH at a low point earlier this year. Despite the ongoing scrutiny, there is no concrete evidence of impropriety regarding the EOS transaction.
EOS Price Outlook
With President Trump’s imminent TRUMP coin dinner—where WLFI is anticipated to be present—there is potential for affiliated altcoins like EOS to benefit from the resulting momentum. A significant price movement could lead EOS to challenge resistance levels at $0.805 and $0.869. If positive sentiment persists, the token might rise further to $0.916 and even $0.979. On the other hand, if confidence wanes and EOS loses its support level at $0.754, it could swiftly drop to around $0.663.
Official Melania Meme (MELANIA)
The MELANIA token, a meme coin inspired by First Lady Melania Trump, was launched shortly after the TRUMP meme coin and remains closely associated with its narrative. Although it has fallen considerably from its peak value, MELANIA continues to benefit from the trend surrounding political meme coins. With Donald Trump’s Gala Dinner for TRUMP holders approaching, MELANIA may experience a resurgence in interest. While it is not directly linked to the event, it could gain traction from the overall buzz surrounding the TRUMP ecosystem.
MELANIA Price Trends
In recent weeks, MELANIA has witnessed a notable 50% rally, followed by a 23.4% decline in the past week, highlighting its volatility. If this downward trend continues, the token may test crucial support levels at $0.316 and $0.306, with the risk of dropping below $0.30, which would represent new all-time lows. However, if sentiment shifts positively and momentum returns, MELANIA could rebound and aim for resistance at $0.362. A breakout at this level may pave the way for further price increases to $0.427, and potentially even $0.487 if the upward trend strengthens.
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