The TRUMP meme coin has climbed 28% in the last 7 days

The rise shows investors are returning to the country due to confidence boosters from the deal, which are expected to create economic links and market stability.

The TRUMP meme coin has climbed 28% in the last seven days after the US and the UK announced a sweeping trade deal.

The rise shows investors are returning to the coin due to confidence boosters from the deal, which are expected to create economic links and market stability.

The trade deal, announced by President Donald Trump and the UK prime minister, Keir Starmer, is focused on increasing trade between the two countries by lowering tariffs and opening up the US market for British goods. Key provisions in the agreement eliminate some non-tariff barriers and provide expanded market access to American foods, including beef and ethanol.

However, despite its improved market performance, the meme coin is still experiencing market volatility.

Analysts have, therefore, pointed out that the coin’s growth could be short-term, slightly influenced by the current market sentiment.

According to the latest news on Monday, August 7, the TRUMP coin is trading at $13.88, having dropped by 2.45% in the past 24 hours.

Within the past seven days, the altcoin has surged 28% and is close to breaking its resistance level at $14.53. Should the coin pass this resistance level, the new target to beat will be $17.14.

Moreover, analysts believe the TRUMP coin could spike to $20.00 if negotiations between the US and China succeed. They explained that a trade deal between the two countries would hint at a stronger market outlook and bolster investor confidence.

However, with the excitement around the trade deal news subsiding, it’s clear that growing TRUMP coin momentum is more of a short-term reaction than sustained investor confidence.

Typically, dependence on short-term political events is extremely risky for any crypto asset, especially if market sentiment reverses in the future.

The Trumps have become actively involved in the cryptocurrency sector. The first lady also launched a meme coin in January, and last year, the president and his three sons started a crypto platform called World Liberty Financial.

Meanwhile, Trump Media and Technology Group, where the president is a majority shareholder, announced plans to work with Crypto.com to provide investment products linked to crypto.

This month, the US Justice Department said it would disband a unit dedicated to investigating cryptocurrency-related fraud as digital asset oversight began to loosen.