United

TRUMP

Donald Trump

<p>The former President of the United States, Donald Trump, was convicted by a Manhattan jury. He was found guilty on 34 counts relating to “hush money.” This conviction triggered a real storm in the digital asset markets, particularly on cryptocurrencies and NFTs associated with his controversial image.</p>
<h2 id="h-cryptos-around-donald-trump-amidst-ups-and-downs">Cryptos Around Donald Trump Amidst Ups and Downs</h2>
<p>The announcement of the guilty verdict initially caused a <strong>dramatic drop</strong> in the main Donald Trump-themed cryptocurrencies. Within 20 minutes, the TRUMP coin plummeted by 35%. It lost $130 million in market capitalization according to CoinGecko. Other crypto tokens linked to the former president, <a href="https://www.cointribune.com/en/crypto-markets/super-trump-strump-en/" rel="noopener noreferrer nofollow">STRUMP</a> and BABYTRUMP, also suffered significant losses.</p>
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<p>The decline of these assets quickly reversed. The TRUMP coin rapidly regained ground and posted a <strong>6% gain over 24 hours</strong>. Its trading volume also increased. This spectacular rebound brings hope to crypto investors, as Trump now shows <a href="https://www.cointribune.com/en/the-unexpected-passion-of-donald-trump-for-cryptos-true-love-or-electoral-strategy/" rel="noopener noreferrer nofollow">real support</a> for the crypto ecosystem.</p>
<p>That’s not all! The <a href="https://coinpedia.org/news/donald-trump-convicted-meme-coins-plummet-amidst-political-turmoil/?utm_source=coingecko&amp;utm_content=coingecko&amp;utm_campaign=coingecko&amp;utm_medium=coingecko&amp;utm_term=coingecko" target="_blank" rel="noopener noreferrer nofollow">analysis</a> of the performance of the TRUMP crypto-asset also reveals <strong>an increase in demand</strong> from investors. Even the main dynamic indicators of the token have increased. All this shows that:</p>
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 <li>the current rally of TRUMP is supported by real demand,</li>
 <li>buying activity has surpassed token sales.</li>
</ul>
<p><strong><u>Decryption:</u></strong> the TRUMP crypto token is following a strong upward trend.</p>
<h2 id="h-an-impact-on-trump-s-nfts">An Impact on Trump’s NFTs?</h2>
<p>While cryptocurrencies have been destabilized, <a href="https://www.cointribune.com/en/nft-donald-trump-will-sell-collector-cards-of-himself/" rel="noopener noreferrer nofollow">the NFTs</a> associated with Trump seem to be also affected (but in a different manner). The <strong>Trump Digital Trading Cards</strong> saw its trading volume drop by 99% before the April trial. However, the price of the original edition NFTs in this collection increased by 1.22%. It is valued at $319 on the Magic Eden platform.</p>
<p>This resilience of Trump-related NFTs in the face of legal adversity illustrates the unwavering confidence of collectors in the value of these rare assets.</p>
<p>In any case, this major event highlights the close links between <a href="https://www.cointribune.com/la-crypto-gagne-du-terrain-dans-larene-politique-americaine/" rel="noopener noreferrer nofollow">the political sphere</a> and the crypto market.</p>

Trump guilty of 34 charges: What impacts on cryptocurrencies associated with his image?

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Ďalšie články zverejnené 31. 5. 2024

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