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Why Trump-Themed Coins are Crashing After US Election Results?

CoinGape LogoCoinGape11h ago

Why Trump-Themed Coins are Crashing After US Election Results? - CoinGape

Quick Summary:

Donald Trump’s US election victory on Wednesday and the resulting euphoria failed to boost the price of Trump-themed memecoins, mostly due to so-called ‘sell the news’ trend.

These tokens, which had seen significant gains earlier in the week, dropped by double digits following his win.

Event-driven tokens, such as the PoliFi coins, are highly volatile and connected with political events that tend to swing fast and may make them vulnerable to considerable shifts in value.


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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 19:13:19 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23464724

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 36 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Why Trump-Themed Coins are Crashing After US Election Results?" has 509 words across 40 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Why Trump-Themed Coins are Crashing After US Election Results?" was covered 11 hours ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 36 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #23464724
  • URL: https://beamstart.com/news/why-trump-themed-coins-are-17310069429098

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