Trump Cards Sell Out Is Crypto Really Dead?

For a president that had a firm stance on calling crypto fake and yada yada launch their very own NFT collection on the Polygon network. Within 24 hours that collection sold out!

What Is The Official Trump Cards Collection

The NFT cards are artworks created for events and milestones in his life. Currently it is still number 1 on Opensea with a total of 1,586 ETH volume of which 10% fee goes to the creator meaning even from that initial sale Trump is now collecting royalties every time those cards are traded with other people. In fact that lowest priced card is selling for double the fiat value was for the initial sale.

How Much Did They Cost?

This price was $99 each first come first serve and a total of 44,000 of them where up for grabs while a remaining 1,000 cards are reserved. That means Trump officially pulled off a 4.3 Million dollar sale within 24 hours!

I'm not so sure if it's trump supporters or just people sick of the current trash going on in the world who want to attempt to try and stick it to the other side. It's crazy what's happening in politics anymore. There's no do good for the general population anymore (or even if that was ever a thing) instead people are seeing more clearly just how bad and trashy governments have become and now it turned into one side must hate the other side for some crazy reason and people are buying into that garbage. It dumbfounds me why a majority of the US population is getting involved in such a way but what you have is what you see today. A total meme world where everyone is throwing money around trying to say F you to the other side. What's the point besides those few at the top making even more money now.

NFTs That Could Win Big Prizes

Here's where we see NFTs done right. NFTs as a digital asset but also a physical asset chance. Your NFT could be linked to any one of these extra. Things like a one on one meeting, dinner, golfing, zoom calls, hand signed memorabilia and more. This is the type of blend more need to be doing right now. Taking digital NFTs and attaching some form of physical prizes or merch with it is crazy powerful during the transition phase of NFTs and crypto.

Is Crypto Really Dead?

All you hear in news headlines is how dead crypto is and how much it's been selling off. However if you take a general look at the economy and the stock market you quickly see that crypto is on par with it all if not holding out better in some cases. There are many stocks that went bankrupt (might soon go bankrupt) and lost over 90% of their value from their highs of two years ago. This puts stocks and crypto right in line with each other in terms of what happened. The economy is straight up trash since covid lockdowns and it's only getting worse as world tensions continue to rise.

It clearly shows that the influence of crypto is still huge however with the depressing economy right now and what is in fact a recession it's hard for crypto to really make any moves. However once out of this recession those who took action now and gobbled up vast amounts of crypto are going to see monumental growth (at least that's my own thoughts).

*This article is for entertainment purposes only and is not financial advice.