Part 8/9:
While the psychological dynamics of investing come into play—especially regarding how much are traders willing to hold or sell—the trader surmises that institutional players might already have secured profits after the coin's peak price of $78. The ultimate question lingers: how low will the price go when initial excitement subsides?
Trump's Influence on Crypto
Amid the analysis, one can't help but consider the personal brand and influence of Trump himself in relation to the coin's potential longevity. The trader posits that Trump's ego may prevent him from allowing the value of a coin associated with his name to plummet into single digits, suggesting that there could be efforts to pump the price back up to maintain a semblance of prestige associated with Trump's identity.