{"id":94542,"date":"2025-01-23T13:17:21","date_gmt":"2025-01-23T11:17:21","guid":{"rendered":"https:\/\/radioislam.org.za\/a\/?p=94542"},"modified":"2025-01-23T13:17:21","modified_gmt":"2025-01-23T11:17:21","slug":"the-asia-pacific-report-49","status":"publish","type":"post","link":"https:\/\/radioislam.org.za\/a\/the-asia-pacific-report-49\/","title":{"rendered":"The Asia Pacific Report"},"content":{"rendered":"

Sameera Casmod | sameerac@radioislam.co.za<\/a>
\n23 January 2025 | 13:16 CAT
\n2-minute read<\/p>\n

\"\"<\/p>\n

In a strategic move, President Trump and his wife, Melania, launched a pair of meme coins just days ahead of his return to the White House. Trump\u2019s launch of the cryptocurrency initially rocked the markets, with $Trump\u2019s price surging from $7 when introduced on January 17, to a peak of $75 by January 19, achieving a market capitalisation of approximately $15 billion. Following the absence of specific cryptocurrency policies during his inauguration, the value of the Trump coin declined by about 50%, stabilising around $37,85 by January 21 and currently trading at approximately $0.75.<\/p>\n

Senior market analyst Farah Mourad says these fluctuations highlight the inherent volatility of meme coins and underscore the importance of cautious investment.<\/p>\n

\u201cMeme coins are risky, they\u2019re flashy, they\u2019re unpredictable,\u201d Mourad says. \u201cThe market reacted the way that we would expect it to react to a very flashy meme coin. We saw this huge momentum, huge spikes, then\u2026 a 50% correction. So, for investors, I would tell them it\u2019s still a clear gamble.\u201d<\/p>\n

Critics argues the move appears to be a blatant cash grab that could harm efforts to legitimise digital assets. The crypto sector, which felt unjustly targeted by the Biden administration and heavily supported Trump\u2019s campaign, is hoping the new president will advocate for integrating crypto into mainstream financial systems. Trump has pledged to ease regulations and has appointed pro-crypto officials to key government roles.<\/p>\n

However, Mourad describes the launch as a calculated move to bolster his brand rather than a genuine effort to engage with the cryptocurrency market. The volatile nature of meme coins aligns with Trump\u2019s flair for the dramatic.<\/p>\n

Trump\u2019s recent tariffs on Canadian and Mexican imports has the potential to reshape trade dynamics, Mourad noted.<\/p>\n

Canada, as a major oil supplier to the US, could see slowed growth and further pressure on its currency. Similarly, Mexico\u2019s peso remains vulnerable due to its heavy reliance on US trade.<\/p>\n

Domestically, US sectors like oil could benefit, as these tariffs aim to make American products more competitive. Mourad highlighted gold as another beneficiary of the unpredictability triggered by tariffs. However, she warned of potential retaliatory measures from Canada and Mexico, which could further unsettle markets.<\/p>\n

Trump\u2019s proposed sanctions on Russian oil, alongside policies to expand US energy production, reflect his clear objective to dominate the global oil market. By lowering the global supply of oil from competitors like Russia, Trump seeks to boost domestic production without drastically lowering prices, Mourad explained. Initiatives like opening federal lands for drilling and reversing offshore drilling bans align with this strategy.<\/p>\n

While some analysts speculate oil prices could hit $100 per barrel, Mourad predicts a more moderate recovery. \u201cThe sanctions on Russia is to lower the supply and to have this balance between production and prices,\u201d she remarked.<\/p>\n

Listen <\/strong>to the Asia-Pacific Report<\/a> on Sabaahul Muslim with Moulana Sulaimaan Ravat.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sameera Casmod | sameerac@radioislam.co.za 23 January 2025 | 13:16 CAT 2-minute read In a strategic move, President Trump and his wife, Melania, launched a pair of meme coins just days ahead of his return to the White House. Trump\u2019s launch of the cryptocurrency initially rocked the markets, with $Trump\u2019s price surging from $7 when introduced […]<\/p>\n","protected":false},"author":30,"featured_media":90718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[28,4997],"tags":[],"class_list":["post-94542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-world"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/radioislam.org.za\/a\/wp-content\/uploads\/2024\/08\/Asia-Pacific-Report.jpg?fit=2268%2C2268&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pc0QIf-oAS","jetpack_likes_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-17 09:14:23","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts\/94542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/comments?post=94542"}],"version-history":[{"count":0,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts\/94542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/media\/90718"}],"wp:attachment":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/media?parent=94542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/categories?post=94542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/tags?post=94542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}