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Donald Trump’s cryptocurrency tokens set a new record

1:55 pm, February 14, 2023

Donald Trump’s non-fungible tokens continue to amaze the NFT community. This time, the minimum value of Trump Digital Trading Cards reached the highest price of $ 1000. Despite the fact that many people have called the images depicting the 45th US president in various guises ridiculous, they continue to be actively bought.

At the beginning of the sale, the minimum cost of a Trump token was $ 99, the price quickly jumped to $ 990, but in December, the short-term excitement ended with a drop in value. The situation with the popularity of the former president’s NFT is constantly changing. Members of the cryptocurrency community called Trump’s NFT collection part of a well-thought-out strategy ahead of the 2024 US presidential election.

It is thanks to Trump’s collection of non-fungible tokens that the Polygon network managed to outperform Ethereum’s sales figures for the second month in a row. In December, 1.3 million Trump Digital Trading Cards were sold on Polygon, and in January — 1.5 million. During the same period, sales figures on the Ethereum network amounted to 995,000 and 1.1 million, respectively.

The collection of Donald Trump’s non-fungible tokens became the best selling Polygon project on OpenSea. In January, 5,517 transactions totaling 1,760 ETH (about $ 2.8 million) took place. Despite the fact that many people called the images depicting the 45th President of the United States in different guises ridiculous, they were actively bought. Thus, in January, sales of Trump’s NFTs increased by 800%. At the time, the new sales spike was attributed to information about Trump’s return to popular social media.

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