Donald Trump meme coin: $TRUMP holds steady with $8 billion value, $MELANIA out of top 100, m-cap at $760 million

 

Donald Trump meme coin: $TRUMP holds steady with $8 billion value, $MELANIA out of top 100, m-cap at $760 million

Donald Trump meme coin: The US President's official meme coin $TRUMP held steady overnight with $8 billion value on January 22, while wife Melania coin is out of top 100, with market capitalisation of $760 million.



US President Donald Trump in the Roosevelt Room of the White House on January 21, 2025. Crypto watchers were disappointed he did not make any sector announcements on his first day in office.(AP)

Donald Trump meme coin update: United States President Donald Trump's official meme coin $TRUMP held steady overnight, logging $8 billion value on January 22, while wife Melania's coin is out of top 100 on Coinmarketcap, with market capitalisation of $760 million.

At the time of writing at 9.30 am (IST) on January 22, the $TRUMP meme coin is trading at $41.28, a 17 per cent rise compared to the previous day. Market cap is at $8.26 billion, also up by 17.14 per cent, as per data on Coinmarketcap.

Wife Melania's coin is however priced at $3.97 each, a drop of 1.19 per cent from the previous day, with market cap of $762.13 million, down from the day before. The coin is in the red today again, after briefly regaining some footing around mid-day yesterday.

Bitcoin Price Today At 105K, Expectations Continue Despite Disappointment

Meanwhile, the world's largest cryptocurrency, Bitcoin, is at $105,717 at the time of writing, well above the $100,000 level and 3.09 per cent higher than the previous day, as punter wait for Donald Trump to fulfill promises of being a “crypto President”.

Bitcoin’s dominance is currently 57.54 per cent of the overall cryptocurrency market, a decrease of 0.21 per cent over the day, according to Coinmarketcap data.

While the token briefly touched an all-time high of 109,000 ahead of the Trump inauguration on January 20, it had stayed below the spike since, as many were disappointed that crypto was not among the slew of executive orders signed by the new President on his first day in the White House, as per a Reuters report.

Crypto News: Cryptocurrency Market Down Today, Coins Make Gain

The total crypto market volume over the last 24 hours is $200.59 billion — a huge 36.58 per cent decrease from the previous day, as per Coinmarketcap.

The second largest crypto, Ethereum is trading at $3,330.59, a 2.72 per cent rise from the previous day, with market cap of $401.34 billion. While the Solana token, on which blockchain the Trump family meme coins are tied, is also up to $254.67, an 8.38 per cent jump from the previous day, with market cap of $123.92 billion.

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Booming Cross-Border E-Commerce Activity in Asia Presents Opportunities for European Merchants VARIOUS Booming Cross-Border E-Commerce Activity in Asia Presents Opportunities for European Merchants by Fintechnews Switzerland September 12, 2023 International e-commerce spending by JCB cardholders based in Asia increased by 52% between 2021 and 2022, presenting a significant opportunity for merchants in Europe as shoppers across the region show increasing willingness to purchase goods online from foreign businesses, a new paper by the Japanese credit card company shows. The report, titled “Click into Place: Unpacking Card Abandonment”, provides insights on online spending from Asia, sharing the latest research and data on e-commerce trends to help businesses boost e-commerce sales and stand out from the crowd. According to the report, cross-border e-commerce activity increased substantially last year, with India leading the region with a staggering five-fold growth, followed by Indonesia and Vietnam, where cross-border e-commerce more than doubled between 2021 and 2023. In Hong Kong and the Philippines, global e-commerce spending grew by around 80%, while China, Taiwan and Thailand saw growth of about 50%. Further growth is expected in the future as the cart abandonment rate in Asia’s e-commerce industry is currently the highest in the world, standing at over 84% as of March 2023 compared with about 70% for customers globally. High cart abandonment in Asia suggests that there is potential for more expansion in the region if merchants are able to solve customers’ friction points and improve experience, the report says. cross border e-commerce image via freepik Addressing cart abandonment Cart abandonment is the act of a shopper adding an item to an online shopping cart but leaving the website without completing the purchase. It represents a significant amount of lost revenue for merchants in the online space. According to JCB, there are several cause of cart abandonment, with the first common one being the payment journey. In Asia, complicated checkouts and unexpected payment processes are cited as a reason for abandoning carts, with 55% of online shoppers in the region identifying long login and sign-up forms as a key source of frustrated. To address this paint point and boost sales, merchants must enhance customer experience by streamlining their checkout process with a well-designed website. They should also leverage advanced technology and design practices to balance security with user experience, using for example pre-fill information and tokenization to speed up the checkout process, as well as technology like 3DS authentication to increase consumer trust. Such improvements not only increase immediate sales and conversion rates but also foster long-term brand loyalty, the report says. The second cause of cart abandonment outlined in the JCB report is unmet customer expectations around how they can pay, and how easy it is to do so. Understanding customer psychology is vital to reduce cart abandonment in e-commerce, the report says. To cater to local preferences, merchants should offer multiple languages and payment currencies, provide a personalized customer journey, and ensure that payment processes are seamless across both mobile and desktop platforms. This is critical become mobile purchases are on the rise, representing 43% of e-commerce sales globally in 2023. 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Featured image credit: Edited from freepik Get the hottest Fintech Switzerland News once a month in your Inbox email address ASIA CROSS-BORDER E-COMMERCE ABOUT AUTHOR MORE INFO ABOUT AUTHOR Fintechnews Switzerland Fintechnews Switzerland More by Fintechnews Switzerland