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Reading: Trump Sparks Waves with $3 Billion Crypto Fund Initiative
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COINTURK NEWS > Solana (SOL) > Trump Sparks Waves with $3 Billion Crypto Fund Initiative
Solana (SOL)

Trump Sparks Waves with $3 Billion Crypto Fund Initiative

In Brief

  • Trump's unpredictable moves impact cryptocurrency market fluctuations.

  • Solana investors could see volatile swings, targeting $188-$203.

  • Chiliz lacks upward momentum, possibly capping around $0.06.

İlayda Peker
İlayda Peker 11 months ago
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Trump’s media company is preparing to raise $3 billion for crypto investments. By the end of the month, FTX is set to return over $5 billion to major creditors. While the anticipated May sell-off has not begun yet, trading deals are expected to be largely completed by July. These developments are injecting optimism among investors for the coming weeks. What then are the forecasts for Solana $85 and Chiliz?

Contents
CryptocurrenciesSolana and Chiliz

Cryptocurrencies

On Friday, Trump proposed implementing a 50% tariff for the EU in June. Despite a deadline in July, Trump’s early comments about not being able to chase deals led to a market dip on Friday. With U.S. markets closed on Monday due to a holiday, this move by Trump was seen as a strategic bargaining chip.

Indeed, shortly after Friday’s “no panic” remarks, Trump stepped back from the aggressive tariff proposal, significantly recovering the losses in cryptocurrencies. The U.S. President rescheduled the tariffs from June 1st to the original date of July 9th, prompting the EU to accelerate negotiations. A trade agreement between the EU and the U.S. is expected before July. The EU, which had been open to increasing imports from the U.S. by $100 billion, favors the agreement. U.S. Secretary Bessent had also hinted at a possible agreement in the coming weeks.

Trump’s unpredictable behavior could lead to surprising market fluctuations, showcasing the potential for cryptocurrencies to swing widely.

Solana and Chiliz

Trump enjoys using his unpredictability as a bargaining tool. As a result, SOL Coin investors might witness high-volatility movements in both directions. Maintaining its $170 threshold, SOL Coin currently targets $188 and $203. However, a potential stubborn surprise from Trump could see prices testing $158 and $136 levels.

If SOL Coin faces excessive selling, for instance, in case deals are not seen as we approach July, declines reaching $121 by mid-June could occur. However, with favorable developments, SOL Coin might close above $203, potentially reaching the $244-$272 range.

CHZ Coin seems to have missed the year’s momentum following the end of leagues. Lacking a strong market uptrend, the ceiling might be $0.06. A few weeks of a negative atmosphere could lead to declines towards $0.037. Without a significant hype, rapid returns to $0.1 seem challenging for investors.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 27 May, 2025 - 1:03 am 27 May, 2025 - 1:03 am
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