Crypto Trading Firm QCP Capital Says Donald Trump Could Kick Off Memecoin Altcoin Season!
QCP Capital has predicted that the memecoin TRUMP associated with US President-elect Donald Trump could act as a catalyst for altcoin season.
Singapore-based crypto trading firm QCP Capital has predicted that the launch of TRUMP, a memecoin associated with US President-elect Donald Trump, could serve as a catalyst for the next altcoin season.
QCP Capital: TRUMP Could Boost SOL’s Prospects by Kicking Off Memecoin Altcoin Season
The firm suggests that TRUMP’s entry onto the Solana (SOL) blockchain represents a significant validation for the network and could accelerate regulatory approval for a Solana-based ETF.
QCP Capital highlighted the importance of selecting Solana for the TRUMP token launch, stating that the move is a strong vote of confidence in the blockchain. Solana has been gaining momentum in recent months due to its high transaction speeds, low costs, and growing ecosystem.
“The launch of the TRUMP memecoin on Solana proves a significant validation of the chain,” QCP said in its market analysis.
Potential ETF Approval Boost
QCP claimed that the high-profile nature of TRUMP’s Solana launch could accelerate approval for a Solana-based exchange-traded fund (ETF).
The firm noted that such a move would be in line with growing institutional interest in Solana, particularly as it continues to position itself as a major player in the blockchain space.
“Given the attention Solana has received from the TRUMP launch, it is conceivable that a SOL ETF could gain approval much earlier than expected,” the report said.
The launch of the TRUMP token has already attracted significant media attention, and QCP believes that this interest will further fuel market activity by increasing retail penetration into altcoins.
The firm highlighted that the memecoin phenomenon tends to attract retail investors and creates a ripple effect that could benefit a wide range of alternative cryptocurrencies.
“As similar launches receive increased media coverage, retail inflows are likely to flood in, setting the stage for a broader altcoin rally,” QCP concluded.
If QCP's predictions come true, the launch of TRUMP could be the beginning of a significant shift in market dynamics, with altcoins coming to the fore.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nasdaq futures drop 2.7% amid trade war concerns
What's next for the crypto market after the Trump tariff-fueled price plunge?
Crypto prices plunged over the weekend amid risk-off sentiment following President Trump’s plan to implement heavy tariffs on imported goods from Canada, Mexico and China.While most analysts agree that tariffs are negative for crypto in the short term, some argue that, alongside other catalysts, they could ultimately benefit the asset class in the medium to long term.
Trump Tariffs Stir Crypto Sell-Off With Ether Tumbling Over 26%
Bitcoin prices plunged to a low of $92,460—falling below $100,000 for the first time since January.
Bitcoin Reserve Proposal Gains Ground with Bipartisan Support