When you buy through affiliate links in our content, we may earn a commission at no extra cost to you. Learn 
Trump’s newfound crypto support is making waves in the market. Discover the implications for Bitcoin, Ethereum, and popular meme coins.
At a major Bitcoin conference in Nashville, former President Donald Trump surprised many by reversing his previous stance on cryptocurrency. Once a vocal critic, Trump now champions the digital asset industry, promising to make the US the “Bitcoin superpower of the world.”
His pledge to end government interference in the crypto sector and support innovation has sparked significant interest and speculation about the future of Bitcoin and emerging meme coins.
It's been a hell of a journey, and we have just begun🙌
2013: Andreas Antonopoulos Explaining Bitcoin To An Empty Room When the Price Was $100 in April 2013.
2024: Donald Trump gave a keynote speech at the Bitcoin 2024 Conference in Nashville. Price- $65k 🚀 pic.twitter.com/DyWEiuefmc
— AmberApp (@theamberapp) August 1, 2024
Trump’s Promises to the Crypto Community
During his speech, Trump criticized the current regulatory environment under the Biden administration, particularly targeting SEC Chair Gary Gensler, known for his aggressive actions against major crypto firms.
“The moment I’m sworn in, the persecution stops, and the weaponization ends against your industry,” Trump pledged.
He also promised to replace Gensler with someone more favorable to the crypto sector, assuring that future regulations would be crafted by “people who love your industry, not hate your industry.”
- Government Support: Trump committed to maintaining the U.S. government’s bitcoin holdings, approximately 210,000 BTC, aligning with the crypto community’s ethos of holding assets through market fluctuations.
- Crypto Advisory Council: Trump proposed establishing a crypto advisory council and strongly opposed a Federal Reserve-issued digital currency, signaling broader support for the decentralized financial ecosystem.
🚨🇺🇸WATCH: “ON DAY ONE I WILL FIRE SEC CHAIR GARY GENSLER”
– FORMER PRESIDENT DONALD TRUMP pic.twitter.com/NC6RV6Ekfd
— Blockchain Daily (@blckchaindaily) July 27, 2024
Trump’s speech marked a significant shift in his approach to cryptocurrencies, positioning him as a pro-crypto candidate. It could attract substantial support from a community that has felt under siege by current regulations.
Impact on Bitcoin and Major Altcoins
Following Trump’s speech, Bitcoin saw a brief surge, nearing the $70,000 mark, although it has since pulled back slightly. Currently, Bitcoin is trading at $58,801.
- Ethereum (ETH): Trading at $2,653, Ethereum has seen a 1.59% increase over the past week, reflecting strong performance and investor confidence.
- Binance Coin (BNB): Currently priced at $527.82, BNB has risen by 6% over the week, maintaining steady growth.
- Solana (SOL): SOL is trading at $144.67, with a 1.1% increase in the last 24 hours, showcasing its potential as a leading altcoin.
While these major cryptocurrencies have shown resilience, the meme coin market, particularly Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), has also been closely watched by investors.
Meme Coins Performance
- Dogecoin (DOGE): Trading at $0.1035, up 1.22% in the past week. The meme coin continues to garner attention, especially with Elon Musk’s ongoing influence on price movements.
- Shiba Inu (SHIB): SHIB is priced at $0.0000137, with a modest 1.41% increase over the last week. Despite a relatively flat week, SHIB remains a favorite among meme coin enthusiasts.
- Pepe (PEPE): Trading at $0.0000007999, PEPE has seen a slight decline of 2% in the last week, reflecting its position as a newer meme coin in the market.
- Dogwifhat (WIF): WIF has been gaining traction, currently priced at $1.58. Despite the 10% weekly drop, its community support makes it one to watch.
- Bonk (BONK): BONK is trading at $0.00001936, showing a 6.38% decrease and an opportunity to buy at a lower price.
- Floki (FLOKI): Currently at $0.00011195, FLOKI has lost 6% in one week. However, it benefits from strong community engagement and marketing efforts.
Some meme coins entered a correction phase as prices began to stabilize. Let’s dive into the emerging meme coins that could explode next, especially PlayDoge and Pepe Unchained.
Both PlayDoge and Pepe Unchained have caught the crypto community’s attention, including the popular 99Bitcoin YouTube channel.
Emerging Meme Coins to Watch
Pepe Unchained
Pepe Unchained (PEPU) is introducing a layer-2 blockchain on Ethereum. It aims to enhance the meme coin market by increasing transaction speed by 100 times and lowering fees.
The presale has already raised over $7.5 million. Tokens are priced at $0.0089461, allowing early investors to participate before potential price increases.
The project’s expanding social media presence includes nearly 10,000 Twitter followers and a 5,000-member Telegram community.
PlayDoge
PlayDoge ($PLAY) is a play-to-earn (P2E) mobile game that brings the beloved Doge meme to life in a Tamagotchi-style environment. Players can nurture their digital Doge pet, engage in 2D retro games, and earn $PLAY tokens, blending nostalgia with modern cryptocurrency.
The presale has already raised over $6.06 million, with tokens currently priced at $0.00529. Early investors have limited time to participate before the next price increase.
PlayDoge is rapidly gaining traction with an expanding online presence, attracting a growing community of supporters eager to get involved.
The project is gaining attention on social media, with its Twitter account boasting nearly 10,000 followers and a growing Telegram community of over 13,500 members.
