Former president Donald Trump was wearing his Bitcoin-colored, orange tie on Wednesday when he endorsed cryptocurrency and promised to embrace it if reelected president. In this article, we’re not too interested in the outcome of the election, but how this could affect coin prices, especially for new projects upstream like Kai Cat ($KAI) which is in its presale.
Speaking to his supporters at his Mar-a-Lago home in Florida, the 45th president of the United States actually said of the disruptive and fast-growing cryptocurrency industry that he “is fine” with crypto and “good with” it. To see a former and potentially future president on the campaign trail heartily endorse crypto is a bullish sign for Bitcoin and altcoins amid this rally.
Standard Chartered: On Tuesday, British bank Standard Chartered said Trump winning the 2024 election would be good for digital assets like Bitcoin and Ethereum.
Feeling Late To Crypto Yet?
Just a few years ago, in 2019, this same highly influential politician and businessman said he was “not a fan” of cryptocurrencies. “We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable,” he said. That should terrify investors who are worried they’re late to the game. Crypto is going mainstream faster than ever.
If you’re afraid you missed the Bitcoin train, you probably have. Same goes for the base layer tokens that have already swelled to become large and mega-cap token economies:
Here are the scales according to Finra, Wall Street’s private regulator:
- mega-cap: market value of $200 billion or more;
- large-cap: market value between $10 billion and $200 billion;
- mid-cap: market value between $2 billion and $10 billion;
- small-cap: market value between $250 million and $2 billion;
- and micro-cap: market value of less than $250 million.
Not to worry, because the blockchain industry innovates fast and new tokens launch every month that deliver enormous returns on investment, especially to their early backers who buy in presale. New currencies like Solana’s Bonk (BONK) and Ethereum’s Floki Inu (FLOKI) and Kai Cat (KAI) expand the blockchain token economy and meet new demand with more currency.
Meme Coins Pump With Kai Cat ($KAI) In Presale
But these projects can’t get off the ground without initial liquidity so that they can be listed on cryptocurrency exchanges and ported to payment channels in the blockchain economy that forms the Web 3.0 layer of the Internet.
That’s why before going onto crypto exchanges (where their prices are then determined by buyers and sellers on the open market), new coins like KAI offer altcoin cryptocurrency investors an opportunity to invest early at pre-market prices and get the benefit of that early bargain price in exchange for supplying the initial liquidity new cryptos need to get off the ground.
Meme coins appeared to get a Trump bump Thursday after his remarks went viral on crypto X Wednesday evening. Pepe Coin pumped 6.8% in a day, Dogwifhat climbed 6.89%, and Floki rose 5.36% by the time Wall Street closed (up 0.51% for the day) on Thursday, according to data from CoinMarketCap.
Now may be a great time to take a look at Kai Cat, an AI-based, cat-themed meme currency on the highly secure Ethereum network that even the former president uses to issue and maintain his own meme currency. Kai is in its presale now, with only hours left until its next price increase. It has raised nearly $250,000 in new currency.
