The collection can be directly placed on the Bitcoin blockchain as it is stated as Bitcoin Ordinals. By combining the domains of Bitcoin and NFTs, this creative method produces different digital assets with an intriguing edge. Experts have predicted that the action may be in line with Trump's larger objectives for Bitcoin.
37 of the 119 cards in the collection have already been made and are up for sale on the well-known marketplace MagicShot, suggesting strong demand for the set. These cards come in a range of prices, from 0.177 BTC which makes about $16,500 to an incredible 20 BTC which is about $1.8 million. There has been a drop in interest in the NFT market since its explosive growth in the summer of 2021.
Despite the NFT industry has yet to restore its previous momentum, Bitcoin has entered a new market phase. Analysts believe that the over-saturation of the NFT industry is partially to blame for this discrepancy.
Trump has previously entered the NFT market with other four collections, including “Mugshot Edition" and "America First.” As per the report of CryptoSlam, Donald Trump’s first collection, which he introduced in December 2022, was successfully able to gain over 14,000 investors and generated over $24 million in sales.
By building a connection of NFTs to the stability and prestige of Bitcoin, Trump's entry into the Bitcoin blockchain with this new collection could be an attempt to give life to interest in the cryptocurrency. It is still not clear if this action by Trump will have a long-term effect on the NFT market or if it is only a calculated gesture toward his financial and political goals.
Donald Trump's NFT collection on the Bitcoin blockchain was able to gain a great amount of attention from the cryptocurrency community. Unique privilege, high price, and potential to spark interest in NFTs, this collection is considered to be worth keeping an eye on. As the cryptocurrency market develops successfully, Trump's interest in blockchain technology and digital assets can also have an impact on public opinion and adoption.
Bitcoin breaks record high as price blasts through $116K
Trump’s media firm makes crypto ETF move
EU investors get 24/7 access to Strategy stock via Gemini
Metaplanet tops Tesla in Bitcoin race with $133M buy
Stay ahead with the latest updates, insights, and trends shaping the world of cryptocurrency and blockchain technology.
