By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Trump’s NFT drops 80% due to low secondary trading and bear market
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > News > LATEST NFT NEWS & METAVERSE > Trump’s NFT drops 80% due to low secondary trading and bear market
LATEST NFT NEWS & METAVERSENews

Trump’s NFT drops 80% due to low secondary trading and bear market

news room
Posted news room January 3, 2023 103 Views 2 Min Read
Updated 2023/01/03 at 8:38 PM
Trumps NFT drops 80 due to low secondary trading and bear market
SHARE

Donald Trump, the former president of the United States, recently dropped the TrumpCards NFT collection featuring trading cards with him in different costumes and suits, which was sold out within a few hours of launch, making it rank 69th top-sold out projects in 24 hours.

However, now the value of these cards has dropped by 80% due to a decline in secondary trading and the bear market.

tuxpi.com .1672745068

The increasing popularity of non-fungible tokens has attracted many celebrities and famous personalities to create their own collections. Trump, having thousands of supporters in America, decided to launch trading cards of himself that would provide a wide range of utility to holders, including a personal meeting.

According to CryptoSlam, the collection sold $9,912,129 in December’s secondary trading volume but dropped to $57,580 in the first week of January.

Despite the successful selling of this project, the trading card collectibles failed to rise in demand and suffered from a drastic drop within two weeks. The persistent bear market and declining crypto prices have failed to push NFT value causing the newly dropped project to suffer huge losses.

The TrumpNFT card was initially sold for $99 and saw a good response from his supporters. In the mass media, these collectibles became the center of a joke as people ridiculed the businessman’s career switch from being a President to an NFT seller.

For investors, the only question is whether TrumpCards NFT will rise from its declined prices or is it just a momentary hype that will eventually die out in months.

TAGGED: Trump’s NFT, TrumpCards NFT

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
news room January 3, 2023
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article 新規Web3.0情報レポート1「PRIMAL」 1 新規Web3.0情報レポート#1「PRIMAL」
Next Article Whats next for The Sandboxs LANDs NFT and SAND token What’s next for The Sandbox’s LANDs NFT and SAND token
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Premier League to unveil NFT trading cards with Sorare 2
Premier League to unveil NFT trading cards with Sorare 
LATEST NFT NEWS & METAVERSE News February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
Ordinals Protocol jolts controversy over Bitcoin NFTs
LATEST NFT NEWS & METAVERSE News February 1, 2023
maxresdefault 1
Metaverse is the Web3’s killer app: Interview with Barn & Edward
INTERVIEW February 1, 2023
Join us
Ad imageAd image

You Might also Like

Premier League to unveil NFT trading cards with Sorare 2
LATEST NFT NEWS & METAVERSENews

Premier League to unveil NFT trading cards with Sorare 

February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
LATEST NFT NEWS & METAVERSENews

Ordinals Protocol jolts controversy over Bitcoin NFTs

February 1, 2023
Amazon embraces NFTs new games initiatives coming soon
LATEST NFT NEWS & METAVERSENews

Amazon embraces NFTs, new games & initiatives coming soon

January 31, 2023
SEC rejects Ark and 21Shares Bitcoin ETF Proposal again
LATEST NFT NEWS & METAVERSENews

SEC rejects Ark and 21Shares’ Bitcoin ETF Proposal again

January 31, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?