Just recently, a new non-fungible token (NFT) collection has been introduced in the NFT segment. The new NFTs are actually Trading Cards that have been associated with Donald Trump.
NFT Trading Cards Based on Donald Trump
The new non-fungible tokens are inspired by the former President of the United States, Donald Trump. The reports confirm that the new collection was introduced on Thursday.
It is worth mentioning that since the launch, the NFT Trading Cards have gained a lot of adoption. The traction level of the cards has continued surging.
It has become one of the most demanded collections in the NFT market. From the time of launch until now, the value of the entire collection has continued surging.
Even at the time of writing, the value of the collection is surging and at present, it stands at $2.8 million. The NFT followers are surprised to see that the collection has been gaining traction since the time of its launch.
They have been bringing back many users to the NFT industry who had left because of the constant downfall in the NFT market.
Information about the NFT Trading Cards
The new NFT Trading Cards have been introduced through the OpenSea platform.
It is the largest marketplace for non-fungible tokens that is responsible for generating more than half of the overall monthly sale volume of NFTs.
At the time of the launch, the floor price for each NFT within the particular Trump NFT Trading Cards collection was set to 0.282 Ether (ETH).
It was a few days back when the new collection had been launched. In terms of the US dollar, the 0.282 ETH stands at $330 in total.
Prior to the $330 price tag, they had been launched at a retail price for every NFT trading card. At that time, the price of each card was set to $99.
However, the floor price of the NFT cards was changed to Ether so it came up to 0.282 ETH.
NFT Trading Cards’ Value Surged by 390%
According to the reports, the value of the entire collection has surged by 390% from the time of the launch. The users who bought the NFT Trading Card at their initial floor price are looking at 390% ROI.
The term “ROI” stands for “Return On Investment”, so the investors who bought any piece of the particular collection is now looking at a 390% profit.
At the time of writing, the floor price of each piece of the NFT collection stands at 0.41 ETH, which translates to $485. The comparison has been drawn compared to the $99 per piece price of the cards.
The entire collection has 45 NFTs that the users can purchase. Keeping the above ROI in mind, if a user were to purchase the entire collection for $4,455, they should be sitting at $21,829.5.
This means that the users would a profit of $17,374.5, translating to 14.77 ETH.
A huge surge has been witnessed in the price of the collection in a matter of 3 days. It can be considered one of the highest profits in the cryptocurrency industry with a small investment of $4,455.
The data shows that the entire collection was sold out the moment it was introduced. This is the reason why the pump was so enormous in the trading value of the NFT Trading Cards collection.
Cards are inspired by Trump
The NFT Trading Cards have been launched as a campaign as a welcoming for the former president of the United States.
Donald Trump is officially back and with a bang as he has announced he will be participating in the 2024 elections. There are predictions that Donald Trump may actually become the President of the US once again.
The collecting getting sold out in a matter of hours is a clear demonstration of his popularity.
The team behind the creation of the particular NFT collection has announced that they will be introducing a total of 45,000 NFTs under the particular collection.