Nfts
Is Donald Trump’s Fourth NFT Collection Doomed?
The market seems to have spoken. The cryptocurrency market is bullish Donald TrumpFollowing his assassination attempt last weekend, the former president saw his approval rating climb to 67% on Predict.
Clearly not a fan of the Republican presidential candidate, 20-year-old Thomas Matthew Crooks took matters into his own hands by attempting to eliminate Trump from the presidential race.
However, the now deceased Crooks failed to bring the presidential candidate back to life and instead cut off Trump’s ear and killed two innocent bystanders.
News of the assassination attempt only strengthened Trump’s chances of victory in November and consequently gave a boost to the cryptocurrency market, especially Bitcoin.
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Riding this wave, Trump declared Bloomberg that he is now looking to release a fourth NFT collection. “I’ve done things like NFTs and, you know, stuff like that. And I noticed that 80% of the money was paid in crypto,” he said.
“It was amazing. So, NFTs are, you know, I did the… very successful. We had a year to sell them and they sold out in one day. Everything sold out: 45,000 cards. And I did it three times. [and] I’m going to do another one, because people want me to do another one.
But is Trump’s crypto popularity enough to guarantee the success of his fourth NFT collection?
On December 15, 2022, former U.S. President Donald Trump released the Trump Digital Trading Cards collection of 45,000 NFTs. Priced at $99, the collection exhausted in less than a day, generating $4.4 million in sales.
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As of the last update, the floor price for these cards is 0.12962 ETH, or approximately $454 USD based on current exchange rates. This represents a substantial 358% increase from the original purchase price of $99 USD, excluding transaction fees.
On April 18, 2023, Donald Trump unveiled Series 2 of his Trump Digital Trading Cards NFT collection, featuring a total of 47,000 unique cards. Each card in this collection can be minted in a maximum of 10 copies. As with the Series 1 collection, the cost to mint each card is set at $99.
As of this writing, the floor price for these cards is $134. This represents a 35% increase over the original minting cost of $99, excluding transaction fees.
On December 12, 2023, Donald Trump released the third edition of his Trump digital trading cards, titled “The MugShot Edition,” priced at $99 each. This collection features 47 portraits commemorating Donald J. Trump’s career, including his arrest and mugshot.
Currently, the floor price for these cards is $245. That’s a remarkable 147% increase from the original price of $99, excluding transaction fees.
Donald Trump’s upcoming NFT collection is expected to build on the success of previous editions. While specific details such as the exact number of cards and the price of approximately $99 per card are unconfirmed, the collection is expected to be limited in quantity, potentially following a similar model to previous editions.
The theme of the collection, likely tied to Trump’s presidency as the 47th president, suggests a symbolic approach to the number of cards available. Additionally, the potential inclusion of exclusive perks such as the chance to meet Trump at Mar-a-Lago or dine with him adds considerable appeal to the cards.
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Recent events, including increased media attention following a notable incident, have amplified interest in Trump-related memorabilia and collectibles. This renewed attention may contribute to a favorable market reception for the upcoming collection, providing early participants with an opportunity to potentially benefit from its anticipated popularity and appreciation.