“The Trump Card: Investing in the Trump Digital Trading Card NFT Collection”
Good or Bad Idea?
Donald Trump’s blockchain NFT collection, known as the Trump Digital Trading Cards, has created a stir recently with its striking success. After minting out 45,000 NFTs in just one week, it managed an impressive 6647 Ethereum in volume. Despite their initial success on the market, many investors are wondering if these cards will remain profitable in the long run — or become worthless as soon as Trump is no longer involved.
On one hand, opportunists see this type of investment as a risk-reward gamble with potential for short-term success. The market for NFTs is still relatively new and largely untested, which means that its future growth could be unpredictable. In addition, due to its limited availability and high degree of sales, it is likely that these cards will appreciate in value quickly.
On the other hand, Donald Trump’s involvement could make these cards highly desirable to many investors looking for a unique investment opportunity. His mere name can capture attention and polarize people instantly — and his base of supporters have disposable income which is perfect for investing in NFTs. As such, his presence alone could provide long-term collectability and historical significance to owning something associated with him.
Despite this potential upside however, there is also a chance that once Trump withdraws his involvement — either directly or through his brand — the cards could quickly become worthless unless he finds a way to provide more value for investors. It’s uncertain whether they will keep their current level of interest or not — it all depends on how active he remains in the market going forward.
The Nclyne official analysis/opinion from lead strategist KennyFRNK is that Trump NFTs are going below mint price or near-zero in a hurry. The assets are oversupplied, the holder distribution is dismal and faith in Trump’s team to embody the values of Web3 is little to none. In fact, Kenny suspects that some adamant Trump fans who have become collectors will become bag-holders and thus, become disillusioned by Trump’s failure to resurrect their holdings. However, nobody can tell the future in this insane market.
Donald Trump’s name has become synonymous with controversy and division. He has a knack for making headlines and capturing people’s attention, no matter what side of the aisle they are on. It’s no wonder then that his latest venture is proving to be so successful. With its potential for both short-term and long-term profits, the Trump Digital Trading Cards are a risky investment opportunity for the “silent majority” with disposable income who want to make a quick buck.
