New Cryptocurrencies Are Tapping Into the Hype Surrounding Donald Trump’s Inauguration and the Growing DeFAI (DeFi Meets AI) Trend

Several new cryptocurrencies are entering the market, attempting to capitalize on the excitement surrounding Donald Trump's inauguration and the growing DeFAI (decentralized finance meets artificial intelligence) trend.

Among these new tokens are Trump Burner (BURNER), First Crypto President (FCP), and DeFAI (DEFAI). Here's a closer look at each project:

Trump Burner (BURNER)

Launched just a day ago on Pump.fun, a Solana launchpad, BURNER has quickly gained attention. With over 26,000 holders, a daily trading volume of $15.6 million, and more than 112,000 transactions, it stands out among the 40,000+ new cryptos released daily on the platform.

The project is attempting to capitalize on the upcoming inauguration of Donald Trump as the new president of the United States on January 20. This narrative-driven strategy aims to use the political event to generate attention and momentum for the coin, potentially appealing to a broad range of investors and speculators looking for short-term opportunities.

Despite its recent hype, BURNER's RSI sits at 37, indicating it is approaching oversold levels after its price dropped 16% in the last six hours. However, if the coin can regain momentum leading up to the inauguration and capitalize on the event, its market cap — currently at $242,000 — could potentially test $500,000 or even $1 million.

First Crypto President (FCP)

Another token aiming to capitalize on Donald Trump's upcoming inauguration as the new US president is FCP. Released on Pump.fun just three and a half days ago, it has already attracted over 12,000 holders and recorded a daily trading volume of $4.1 million.

The coin's market cap currently stands at $1.5 million, and its impressive daily transaction count exceeds 136,000, making it one of the most relevant new cryptos launched this week.

FCP's RSI is currently at 48.6, suggesting neutral momentum but leaving room for further upward movement. If the coin can effectively leverage the upcoming inauguration, its market cap could test $2 million. After that, it could potentially climb to $3 million.

DeFAI (DEFAI)

An altcoin that aims to capitalize on the DeFAI trend, which combines decentralized finance with artificial intelligence, DEFAI was launched on Base three days ago.

The token currently has 5,500 holders, nearly 4,300 transactions per day, and a daily trading volume of $1.5 million. Its market cap stands at $5 million.

With an RSI currently at 57, DEFAI is in a neutral zone, leaving room for further upward movement if momentum builds. Should the hype around the DeFAI narrative persist, the token could continue to rise, potentially testing a market cap of $10 million.