The hype behind Donald Trump Coin: Trump Coin value in 2023

Muhammad Naeem

Blogger

Donald Trump, the 45^th president of the United States of America has been quite a celebrity and a mix of controversial figures in American history. Just like any other known face, he has his supporters and critics who keep resonating with their views in many ways. Starting with Trump NFTs, his NFT collection has been extremely popular. Trump is now back with another digital ruin, Donald Trump Coin.

What is Donald Trump Coin?

Trump supporters see him as a phenomenon and they keep praising him in many ways. In 2023, his supporters launched Donald Trump Coin ($DTC), a cryptocurrency that showcases the vision and loyalty of Ex-President Trump. Donald Trump Coin portrays itself as a “patriot coin” that supports the Trump causes by sharing a portion of its profits with pro-Trump projects. Though Donald Trump is not directly involved in this project, this project still projects his organizations.

Donald Trump Coin

TrumpCoin $DTC is based on Lite blockchain and uses a proof of stake consensus mechanism for network validation. The coin has a total supply of 47,000,000,000,000 DTC coins and 27,500,000,000,000 are reserved for burning. Trump Coin is available to trade on  PancakeSwap v2 (BSC).

What is the value of the Trump Coin?

Trump coin value depends on factors like popularity, performance, and fundamentals. Though the DTC coin is backed by strong popularity, the fundamentals of the coin are not that strong. The huge supply of the coin impacts the price of DTC negatively. Though more than half of the supply is set to burn, 20 trillion token coins are a lot and we need a huge marketcap to appreciate the coin value.

Trump Coin DTC

According to CoinMarketCap, a leading source of cryptocurrency data, Trump Coin reached an all-time high price of 4.54e-8 on May 23, 2023. The price of coins has been steadily declining since then. The price of a Donald Trump Coin today is 1.54e-9 USD per coin. TrumpCoin price decreased 0.66% in the last 24 hours. The current CoinMarketCap ranking is #8823 and the max supply of 47,000,000,000,000 DTC coins.

Though the price of DTC is down due to the weak fundamentals and has less chance of recovery with the current circulation supply, the coin holders are still trying to convince the community to invest.

Why are Trump Coins popular?

Trump Coins are popular for various reasons. This includes the perspective and motivation of the buyers or sellers. Some of them are:

• To show support or admiration for Trump and his causes.
• To express dissent or criticism against Trump and his opponents.
• To make a profit or investment from the speculation or appreciation of the coin.
• To own a piece of history or culture related to Trump and his presidency.
• To have fun or enjoy the novelty or humor of the coin.

Coin Tokenomics:

Usually, the tokens have an entire ecosystem that includes blockchain P2E Games, DAO, and NFTs. As a standalone token, Trump coin $DTC had very basic flaws in its tokenomics and how it presented its project. The insane number of coins, fewer community incentives, and unclear road map were the main reasons why the project seems to have been abandoned by the team backing it.

The coin promised 5% USDT rewards for all coin holders, 1% of the supply was to burn, and 4% was dedicated to the marketing purpose.

Donald Trump Coin $DTC Pirce prediction:

Fundamentally, the coin is very likely to keep moving downward due to its recent price actions. In its first month, DTC had good liquidity and trading volume which helped fresh cash inflow. This is why, even a month later, the trading volume was almost the same, $2.7 million.

However, as the early investors started dumping the coin on fresh buyers, there was a major price drop and the trading volume in July reduced to only $42,731 which now has decreased to $15,300.

TrumpCoin Price History

Owning to these circumstances, there is very little hope for this coin to recover. The price prediction for Donald Trump Coin DTC for October 2023 is 1.12e-9 with a trading volume of $5k to $7k.

Donald Trump Coin on Amazon:

Aside from the crypto tokens on Donald Trump, there are physical versions of the coins that are even more popular. These coins include the Donald Trump-carved face on the silver coins and are easily available to purchase online. There is no intrinsic value of these coins but these are rather souvenirs or memorabilia that celebrate the ex-president.

These silver or gold plated coins are also available on Amazone and their price ranges from $2.99 to $100, depending on their making and scarcity.

The crypto craze is insane and that sometimes blurs our ability to decide and make informed decisions. Coins like Donald Trump Coins are like meme coins or worse and only rug pull their community. Such projects not only fool their investors but also hurt the reputations of the celebrities whose names they utilize.