Robert Kiyosaki Criticizes TRUMP Coin, Advocates Bitcoin, Gold, Silver

Robert Kiyosaki, author of Rich Dad Poor Dad, has voiced his criticism of the recently launched TRUMP coin.

The cryptocurrency market has been abuzz with excitement over meme coin’s meteoric rise, however, Kiyosaki has been largely unimpressed, reiterating his preference for tangible assets, including Bitcoin, gold, and silver.

Market analyst Ali has weighed in on TRUMP’s liquidity impact and potential challenges for other meme coins.

Kiyosaki Questions TRUMP Coin and the Crypto Industry

According to Robert Kiyosaki, longtime supporter of Bitcoin, gold, and silver the TRUMP meme coin on X isn’t something he’s into, noting that the cryptocurrency world as a whole has shifted from being the “future” into a “farce.”

Kiyosaki’s remarks illustrate a gap between advocates of suppressed cryptocurrencies and those developing anticipation tokens similar to TRUMP.

However, TRUMP  which has picked up a lot of steam despite all the skepticism has seen a great deal of interest and trading activity from the onset.

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TRUMP Coin will Drain Liquidity, Warns Analyst Ali

Ali, a cryptocurrency analyst, is not happy with the impact the TRUMP token may make in the rest of the meme coin market.

Ali says that the overwhelming liquidity and attention towards TRUMP could potentially be a threat to other meme coins, including $NOT.

‘TRUMP is draining liquidity from meme coins which sent many tumbling,’ Ali said on X. $NOT has broken a critical support level and is now at risk of a drop to $0.0031.

In other words, TRUMP’s sudden growth has moved trading volumes away from other market entrants, which could cause volatility in smaller projects.

According to Ali’s analysis, as the meme coin is dominant, the TRUMP becomes the subject of most speculation, pushing other tokens to fall in support levels.

TRUMP Token Chart Analysis and Market Metrics

Since it has launched in the market, the TRUMP token has delivered a good performance, and many people have taken an interest in it.

The token has risen 132.02%in the last 24 hours and is now trading at $64.63.

In terms of price movement TRUMP coin peaked at $70 and started retracing to its current price of $65.80.

The token is still trying to stabilize after its meteoric climb, but this retracement also alludes to signs where it appears to consolidate.

In total, there is an initial supply of 999.99 million tokens with 200 million currently in circulation for trading.

Analysts from Rose Premium Signals are also optimistic about its future performance of trading. But they are projecting out at $95 and $108 and $121 and pointing to further upside.

But the $70 resistance level has been another crucial level that the token needs to break on its positive rally for them to hit new unseen highs.

The momentum is also boosted by Donald Trump, who is scheduled to be inaugurated as president of the United States on Monday, January 20, 2025.

This event is also likely to fuel the political significance of the TRUMP coin for a while further.