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former President Donald Trump Was among the celebrities and well-known personalities who launched non-fungible token collection.
One of Trump’s collections was widely mocked and criticized for using copyrighted images, but fans and collectors also showed strong interest in it.
Here’s how much an investment in a Trump NFT would be worth today.
What happened: Trump announces launch of NFT collection Trump Digital Trading Card In December 2022. The NFTs come at a price of $99 each and can be purchased Ethereum ETH/USD or credit card.
The collection on which the mining was done polygon MATIC/USD Network Becomes a Top Trending Collection on NFT Marketplace open sea And it sold out in less than a day.
As sales volume and interest increased, President Joe Biden Mocked the collection, as did late-night talk show hosts.
An episode of “Saturday Night Live” mocked the collection during its opening act and said it appeared to be a scam.
While the minimum value of collectibles has decreased, NFTs remain above their mint cost. Since the launch of the collection, major events surrounding Trump’s life, including indictments and arrests, have impacted the price of NFTs and pushed prices higher.
In April 2023, Trump shared on social media that a second series of Trump digital trading cards were launching with a price of $99.
The second series consists of 47,000 NFTs, referencing Trump’s bid to become the 47th President of the United States in the 2024 election. The first collection contained 45,000 NFTs, a reference to Trump being the 45th President of the United States.
It was previously reported that Trump earned between $100,0001 and $1 million CIC Digital, The company with which he partnered in the first series.
In recent weeks, interest in NFTs has once again increased due to a civil fraud lawsuit against Trump and his businesses. A look at the data on OpenSea shows volume is up 18% and sales are up 33% over the past seven days for the inaugural Trump Digital Trading Card Collection. Volume and sales of the second collection have declined over the past seven days.
Related Link: If You Invested $1,000 in Bitcoin When Donald Trump Said BTC Price Was Based on Air, How Much Would You Have Now
Invest $1,000 in Trump NFT: With a price point of $99, a person could purchase 10 Trump digital trading cards with $1,000 at the time of minting.
Based on the current price of 0.145 ETH, or approximately $235.01, the investment would be worth $2,350.10 today. This represents a return of 135.0% over a period of approximately 10 months.
While NFTs have fallen from a peak of around 0.84 ETH, investments are still up. Investors who withdrew early earned gains of nearly 1,000%.
Time will tell whether the NFTs hold their value, but 10 months after being minted the collection remains above mint value and has seen steady demand from fans, collectors, and investors.
For comparison, the same $1,000 was invested SPDR S&P 500 ETF Trust SPY, which tracks the S&P 500 index, will be priced at $1,089.07 today. This represents a hypothetical return of 8.9% over the same time period, which is well behind the returns from Trump NFTs.
The Trump Digital Trading Card Series 2 has not been in good shape since its launch in April. The lowest price for the second chain is currently 0.0345 ETH, or approximately $55.92 each. Investors who made the second series will lose approximately 44.1% on their investment.
A $1,000 investment in each of the two Trump digital trading card collections would be worth $2,909.30 today. This represents a return of 45.5% on the original hypothetical investment of $2,00
With Trump running for president in the 2024 election, NFTs may continue to be discussed during the campaign.
Read next: Trump’s jam-packed court calendar
Photo: Trump NFT card via OpenSea
Source: www.benzinga.com