Trump Meme Coin is a huge success. Who will be the next issuer of the “Presidential Coin”?

The success of Trump Token not only gained unprecedented media attention, but also demonstrated a new model of "political" participation.

Author: angelilu, Foresight News

After Trump released the presidential token TRUMP, a new track of "presidential coin issuance" was opened, and Meme coins were also given political colors.

Will this crazy, global "money-making" performance art attract other presidents to follow suit? The presidents seem to have no reason to refuse. The success of Trump Token has not only gained unprecedented media attention, but also demonstrated a new "political" participation model. Young people are more inclined to express their political stance in the Web3 field. This trend is forming a "demonstration effect". No politician is willing to fall behind in this new track and give up the opportunity to use their influence to create an innovative and up-to-date image. It can also activate the enthusiasm of supporters and form a closer community connection. Perhaps "presidential coin issuance" will evolve into a digital movement that symbolizes identity recognition and value consensus.

President most likely to follow: Nayib Bukele, President of El Salvador

In the global political token race, Salvadoran President Nayib Bukele (@nayibbukele) is undoubtedly the next candidate to issue a token that deserves the most attention. As the world's first national leader to include Bitcoin in legal tender, Bukele has proven his courage and execution in the field of cryptocurrencies. From promoting the national monetization of Bitcoin to launching the "Bitcoin City" and "Volcano Bitcoin Bond" programs, Bukele has always been eager to innovate in cryptocurrencies, and he has a huge base of crypto industry followers on X. Issuing "presidential" or even "national" tokens may be the next natural step. If Bukele's token issuance is successful, it will also set a new benchmark for financial innovation for other emerging market countries.

Anti-inflation fighter: Argentine President Milei

Argentine President Javier Milei (@JMilei) once publicly expressed his strong support for Bitcoin in the face of Argentina's worsening inflation crisis, viewing it as a powerful tool to fight inflation. His identity as a "liberal fighter" is highly consistent with the decentralized concept of cryptocurrency. He advocates reshaping Argentina's financial system through market liberalization and digital currency innovation, making him likely to become the most explosive issuer of presidential coins after Trump. Considering Argentina's severe economic situation, presidential coins may also become an alternative asset to fight the depreciation of the peso.

Wartime Innovator: Ukrainian President Zelensky

In the special context of wartime, Ukraine is the first country in the world to use cryptocurrency for fundraising on a large scale, and its president, Vladimir Zelensky (@ZelenskyyUa), is also a strong potential candidate for the next presidential coin. Since the outbreak of the conflict, the Ukrainian government has successfully raised hundreds of millions of dollars in aid funds through cryptocurrency, demonstrating the practical value of crypto assets in times of crisis. If Zelensky issues political tokens, it will not only be a fundraising tool, but also a new digital diplomatic means to gather international support. This innovation can be combined with Ukraine's ongoing digital transformation to provide new financing channels for post-war reconstruction.

Most dramatic: South Korea's impeached president Yoon Seok-yeol

In South Korea's unique cryptocurrency ecosystem, Koreans have great enthusiasm for cryptocurrency participation, and the participation base is also very large. Although South Korean President Yoon Seok-yeol (@President_KR) was arrested due to martial law, the community still believes that Yoon Seok-yeol has the possibility of issuing a presidential coin. For him at the moment, taking advantage of this wave of popularity may win the support of some people to improve the current situation. The high level of crypto participation of Koreans and the social media dissemination characteristics of political topics provide a "growth" soil for the presidential coin. Previously, the Yoon Seok-yeol government also showed a friendly attitude towards Web3 and planned to establish a comprehensive cryptocurrency regulatory framework.

African Crypto Pioneer: President Touadéra of the Central African Republic

The Central African Republic is the second country in Africa to make Bitcoin a legal tender after El Salvador. Its president, Touadera (@FA_Touadera), is also a strong candidate. His vision is not limited to the adoption of Bitcoin, but also to make the country a cryptocurrency center in Africa, attracting international crypto companies to settle down and create jobs. If the "Presidential Coin" is issued, it may become an important step in realizing this vision, which can not only provide a test field for the country's digital transformation, but also attract the attention of global crypto investors, or open up a new development path for countries with backward infrastructure.

EU digital innovation promoter: French President Macron

During his campaign, French President Emmanuel Macron (@EmmanuelMacron) expressed his desire to make France the Web3 center of Europe. Although he has not taken many measures in the crypto field since then, community users speculate that any move on the presidential token will have a profound impact on the whole of Europe. If Macron chooses to issue a political token, he is likely to take a more standardized and conservative approach, possibly positioning it as an experiment in digital political participation, and a possible path to promote innovation in political tokens under the EU's strict financial regulatory framework (MiCA).

other

In addition to the presidents mentioned above who have made high-profile appearances on the Web3 stage, there are also some "low-key presidents" who have been enthusiastically nominated by netizens. Although they have not made any official moves in the Web3 circle, they may be quietly watching and waiting for the opportunity:

  • Singapore's outgoing Prime Minister Lee Hsien Loong (@leehsienloong)
  • Costa Rican President Chavez (@RodrigoChavesR)
  • Cyril Ramaphosa, President of South Africa (@CyrilRamaphosa)
  • Brazilian President Lula (@LulaOficial)
  • Mexican President Andres Manuel Lopez Obrador (@lopezobrador_)
  • Pakistani President Alvi (@ArifAlvi)
  • Indian Prime Minister Narendra Modi (@narendramodi)
  • Malaysian President Anwar Ibrahim (@anwaribrahim)
  • Philippine President Marcos (@bongbongmarcos)
  • King Felipe VI of Spain (@CasaReal)

summary

After soaring to $80 billion, the price of TRUMP fell back due to news such as the First Lady Coin, and was $6.9 billion as of the time of writing. Imagine if the presidential token really develops into a unique political token market in the future, then the large-scale adoption of cryptocurrencies will not be far away. The presidential token represents the most influential person in each country, who endorses and endorses cryptocurrencies.

As for investment strategies, there are many scams related to Presidential Coin, and users need to carefully identify them. When the next real opportunity comes, do you plan to be a "reckless man" and go all in when you see the new Presidential Coin? Or do you want to be a "cautious person" and study the "status" of the president and his country's attitude towards cryptocurrency (although everyone knows that by the time you figure it out, the market may have already run away)?

Reference link: https://x.com/GemFactory24/status/1880898636458192941

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Author: Foresight News

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

Image source: Foresight News. Please contact the author for removal if there is infringement.

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