The price of Trump's new cryptocurrency rises before his inauguration
President-elect Donald Trump launched a new cryptocurrency last Friday evening, which raised the value of his net worth just before his inauguration as president of the United States of America.
It is the latest norm-defying promotional campaign by Trump. The value of Trump's cryptocurrency rose to 11 billion dollars, and bitcoin also set an all-time high.
The value of the cryptocurrency created by Donald Trump on Monday rose to almost 11 billion dollars in market capitalization, attracting billions of dollars in trading volume, while bitcoin set an all-time high at the levels of 109,500 dollars, just hours before the US President-elect returns to the White House.
The world's largest cryptocurrency is up more than 10% so far this month.
The Trump cryptocurrency, also known as $TRUMP, rose near The 55 dollar levels on Monday, after yesterday breaking past The دولار 70 levels.
According to CoinMarketCap, it is ranked eighteenth in terms of the largest cryptocurrencies. Its 24-hour trading volume amounted to 52.5 billion dollars.
Trump on Friday launched the digital currency with a trademark that includes an image from the assassination attempt on him last July, expanding his interests in cryptocurrencies.
Melania Trump also launched her own cryptocurrency on Sunday, which was traded at about 12.03 dollars, with a market value of 1.9 billion dollars, according to CoinMarketCap.
Trump is scheduled to officially assume the presidency on Monday, at exactly five pm GMT.
