Martin Shkreli’s Trump Coin Drama Continues as New Dogecoin Competitor Suddenly Raises $4.9 Million
Martin Shkreli has been revealed by ZachXBT as the secretive creator behind the DJT Trump Coin, leading to a massive decline in the token’s price.
This article will provide an analysis of DJT’s current price trends and look to see whether an innovative new meme coin, PlayDoge, represents a more promising investment opportunity at this time.
This bounty has been solved by @zachxbt.
At 11:49 pm UTC Zach submitted definitive evidence that Martin Shkreli is the creator of the $DJT token.
The source was original and not yet anywhere else on the internet. The information was later made public.
Zach Thread Below:… https://t.co/zH0VivDXrt
— Arkham (@ArkhamIntel) June 19, 2024
The prize pot solve comes following a discursive week, which has seen big players in the space bicker over the identity of DJT’s creator – with Barron Trump emerging as a likely culprit behind the popular meme coin.
Meanwhile, the true culprit Martin Shkreli, spent his week fanning the flames with jaw-dropping public bets that Donald Trump was the true creator – a crude but effective marketing play given the extent of DJT’s price gains.
DJT Price Analysis: ZachXBT Unmasks Martin Shkreli As DJT Trump Coin Creator – What Now?
As price action struggles to stay afloat, DJT Trump Coin is currently trading at a market price of $0.000966 (representing a 24-hour change of -15.24%).
While it seems the revelation surrounding controversial trader Martin Shkreli’s involvement appears to have dampened enthusiasm for the project, DJT price remains afloat – above lower support at $0.0008.
For the loyal brigade of 11.3k holders, this represents a vital level to hold.
To put it simply, a drop below $0.0008 will spell disaster for the DJT chart structure – leaving holders in deep cope with nothing but hopes for a sudden second wind in PoliFi.
Yet as many high risk retail investors discovered in Q1, bag-holding empty meme coins is not necessarily the wisest move.
Despite the continued defense of rock-bottom support, the RSI could shine as a glimmer of hope, having cooled off sufficiently down to 40.9 – upside is still possible.
Indeed, with DJT’s market cap standing at $45m, the risk: reward proposition has improved significantly from a possible 10x 48-hours ago, to an improved possible 20x now – increasing the allure for late-entry investors.
Yet, with buy pressure struggling along at 41% of transactions in the past hour, the order book shows diminishing appetite, and with price action tightening over the course of today – expect a decisive move over the weekend.
For this reason, many side-lined traders are shifting their attention to the next viral craze in the market – a thrilling Tamagotchi-themed GameFi project called PlayDoge (PLAY).
While PoliFi Experiences Price Correction, PlayDoge (PLAY) Is Set For Next Major DEX Market Pump (Don’t Miss This Viral Listing)
As the PoliFi sector retraces following hype over the last week, sidelined and prudent smart money investors are shifting their focus onto the next big pump – with the hottest presales emerging as popular ways to position for major gains in the highly-anticipated Q3 crypto market.
As ever in crypto, gains skyrocket when you get in early – I mean, just imagine if you had bought Dogecoin at a $5M market cap—today, you would be sitting atop 3,900x gains – it would be truly life changing.
This is the opportunity everyone is chasing in the industry, and it happens for strategic investors almost every day.
With that in mind, it’s no surprise that PlayDoge (PLAY) is securing viral attention amid potential 100x calls.
When assessing PLAY’s viral traction, a well-aimed combination of nostalgia, dog, and meme power – alongside tremendous growth potential in an exciting ecosystem seems the likely answer.
To explain quickly, the heart of PlayDoge’s brand new GameFi ecosystem is a high-octane mobile GameFi game, built in a nostalgic homage to the original 90s sensation Tamagotchis.
In this play-2-earn ecosystem, users can use PLAY tokens to buy, care for, and level up their very own 2D Doge-themed Tamagotchi pet – talk about bringing the retro to Web3!
The idea is clearly a hit, with more than $4,941,366 raised at an alluring pre-listing price of $0.00511.
So don’t miss out on this early opportunity.
Follow PlayDoge on X and Telegram for the latest updates.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
