Exponential decay – Interested in Donald Trump NFT Cards it has steadily declined since their launch less than a month ago. The numbers show that the former US president has failed to maintain the momentum of the early days around his NFT collection.
A drop of more than 99% for Donald Trump’s NFT cards
According to the data of CryptoSlamdaily sales of Donald Trump’s NFT cards bottomed at $21,271, on January 8. The figures therefore show a relatively rapid fall of the craze for this NFT collection, which the former American president launched in mid-December last year.
On December 18, daily sales peaked at over $3,520,000. In the span of less than a month they therefore suffered a drop of more than 99%. from this peak to reach this minimum price a $21,271. This year, these sales have peaked just over $41,500January 9th.
In addition to the daily sales, the evolution of the number of buyers on a daily basis also illustrates this growing disinterest in Trump Digital Trading Cards. CryptoSlam identifies 3,359 buyers on December 16 at the launch of the collection, against a minimum of 28 buyers January 8 newspapers
A minimum price that is still profitable for first-hand NFT card buyers
Similarly, the bottom price of Donald Trump’s NFT charts is added to the two indicators mentioned above. Second data of OpenSea, this minimum price has peaked 0.83 ETH December 17th. He wakes up at 0.165 ETH at the time of writing this article. This price then recorded at down about 80% from its highest.
In light of these figures, buyers who bought these cards at a price of $99 during the primary sale can therefore still make a substantial profit by reselling these NFTs, given that their current minimum price hovers around 220 dollars.
But the situation is much more complex for investors who bought these cards on secondary markets, when the craze around the collection was still relatively strong after its launch.
Falling floor prices could significantly reduce demand for these papers, and these secondary market buyers could be forced to part with them at a relatively lower profit, or even by selling these NFTs at a loss.
Trump Digital Trading Cards are far from the only NFTs to see their trading volume or price rock bottom, weeks or months after launch. The former US president will be able to revitalize your community on the web3as the next US presidential election approaches?
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