All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.
-80% in just 2 weeks!
The Trump NFT collection recently saw a significant drop in value, losing 80% of its value in just 14 days. This begs the question: how did such a drastic decline in value occur? Get to know the story behind TrumpCard’s NFT collection.
What happened to the Trump NFT collection?
In addition to market conditions, several other contributing factors may be responsible for the collection falling in value. First, the controversy surrounding the art used in the collection. The community claims that the team used image templates instead of original art for the NFTs. This led to a lack of authenticity and trust in the collection from the community. In addition, the team behind the Trump NFT collection was previously involved in a failed project. As the news spread, their reputation became a red flag for community trust. Overall, it appears that the combination of these negative factors, including market conditions, controversy surrounding the art, and the team’s reputation, all contributed to the decline in value of the collection.
Image credit: OpenSea
What is TrumpCard’s NFT?
TrumpCards NFT is a collection of non-fungible tokens (NFT) featuring former US President Donald Trump. Collections purchase these NFTs, also known as digital collectibles, using cryptocurrency. Each TrumpCard NFT is unique and cannot be exchanged for another NFT.
The Trump NFT collection includes a variety of different types of NFTs, including limited edition cards featuring images of President Trump, as well as rare and unique cards. The rarest ones also bring special prizes to collectors, such as meeting the former president face-to-face. These NFTs used marketing to attract fans of President Trump, and their value depends on their rarity and perceived demand among collectors.
The Trump NFT collection was launched in December 2022 and quickly became popular with collectors. However, as mentioned above, the value of these NFTs has recently dropped significantly, losing 80% of their value in just 14 days. Despite this drop in value, the Trump NFT collection remains a popular choice among collectors, and it will be interesting to see how the value of these NFTs fluctuates in the future.
