Meme coin $daddy, associated with the controversial influencer Andrew Tate, has experienced significant fluctuations since its launch on June 9, 2024. The coin hit an all-time high of $0.2925 just five days after its listing, but by June 24, it had dropped to $0.1427, marking a 51.22% decrease from its peak. Currently, $daddy’s market cap stands at $142.64 million.

The coin's rapid rise and subsequent decline have been attributed to various factors. Andrew Tate, a former kickboxer known for his strong interest in Bitcoin, has heavily promoted $daddy, contributing to its initial surge. The coin reached a market cap of $340 million by June 13, but reports suggest that around 30% of Daddy tokens were purchased before the official CTO announcement, raising concerns about market manipulation. Additionally, Tate burned 40% of DADDY tokens, a move likely intended to increase the coin’s market price by reducing supply.

However, Tate's legal issues, including accusations of human trafficking and organizing a criminal group to exploit women, have cast a shadow over the coin’s future. Despite this, analysts have mixed opinions on whether the meme coin can rebound or if it will continue to decline.

According to DigitalCoinPrice, $daddy is expected to surpass the $0.16 mark by the end of 2024, potentially breaking its previous high of $0.29. The platform predicts that $daddy will stabilize between $0.15 and $0.16. Coindataflow’s forecast aligns closely, projecting a maximum price of $0.150369 by the end of 2024.

Looking further ahead, DigitalCoinPrice suggests that $daddy could break the $0.19 mark and stabilize around $0.18 by the end of 2025. Coindataflow is more optimistic, forecasting a peak price of $0.40458 by the end of 2025. By 2030, DigitalCoinPrice predicts that $daddy could reach $0.54, while Coindataflow forecasts a peak of $0.376684.

The coin's volatility and association with a controversial figure make it a high-risk investment. Investors are advised to monitor market trends, legal developments, and overall sentiment in the crypto community closely. While $daddy has shown potential for high returns, its future remains uncertain, underscoring the need for cautious investment strategies.