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If You Invested $100 When Trump Called His NFT Collection 'Sort of Cute' And Sold Them At All-Time High, Here's How Much You'd Have Now

Published 19/04/2023, 12:36
© Reuters. If You Invested $100 When Trump Called His NFT Collection 'Sort of Cute' And Sold Them At All-Time High, Here's How Much You'd Have Now

Benzinga - Former U.S. President Donald Trump on Tuesday launched a new NFT collection, called “Series 2”, consisting of 47,000 NFTs that are minted on the Polygon (CRYPTO: MATIC) blockchain and priced at $99 each.

What Happened: This comes after the Series 1 Trump NFTs were a hit. Just a few days ago Trump reported earnings of $100,001 to $1 million from CIC Digital, the company he partnered with to launch Trump Digital Trading Card NFTs in December 2022.

Trump in an interview with One America News on December 26, 2022, said he launched his first NFT collection because he appreciated the artwork and found the images of himself to be “sort of cute.”

He clarified that the Trump Digital Trading Cards were not created as an investment opportunity, but were primarily an artistic endeavor.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

On the same day when Trump described the images of himself in his NFT collection as “sort of cute,” Trump Series 1 NFTs were being traded at $0.22. However, the floor price of NFTs reached an all-time high on February 13, at $0.67.

If you had invested $100 in Trump NFTs when they were being sold for $0.22 each, and later sold them at the all-time high price of $0.67, then you would have made a profit of $104. This translates to a 204% gain on the initial investment of $100.

Read More: Bitcoin, Ethereum, Dogecoin Rise As Investor Confidence Grows: Analyst Predicts DOGE Pump To $0.28-Mark

This illustration was generated using artificial intelligence via MidJourney.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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