Donald Trump recently launched his cryptocurrency. He had promised that this currency would be valuable for digital transactions or online collectible businesses. However, things seem to have gone horribly wrong regarding his cryptocurrency. In fact, many cryptocurrency enthusiasts are calling him a fraud and corrupt business person.
What Kind of Coin Did Donald Trump Launch?
After becoming the President, Donald Trump launched his own crypto coin. He said that the coin $TRUMP is innovative only for it to become a meme coin. Meme coins are online assets that are creations of artistic value. These generally are not as valuable as Bitcoin and serve no purpose in enabling online transactions.
Donald Trump had promised to make the USA a nation that can make unique crypto innovations. In fact, he promised that he would develop new online currencies that will replace Bitcoin to make online transactions secure. However, the coin that he introduced seems to have dissatisfied a lot of people.
Negative Attention Towards $TRUMP
Most crypto experts and enthusiasts have become angry over Donald Trump’s cryptocurrency. Almost every person with some knowledge about crypto coins is stating that the $TRUMP coin is of no use. They are saying that this coin is an online product that one can buy if they find it artistic.
However, the real problem lies in the coin’s artistic value. This is because there apparently is no art present here at all. In fact, Mr. Trump’s image in a hero-like pose on the coin is a mockery of other leaders. The coin has also been proven to have little to no use in enhancing online transactions.
Donald Trump had sold NFTs and online art before as well. All of his products proved to be useless and often funny. Most Americans feel that this new coin is nothing but a parody of everything the American government stands for. This is because Trump claimed that this coin will make online transactions better but ended up being a useless image.
Many online content creators are already making funny memes about this meme. The opposition is stating that this is Mr. Trump’s attempt to scam crypto enthusiasts into investing in this coin. Such accusations have made Donald Trump the butt of jokes again. The coin’s value dropped from $75 to $39 and will go down again due to few buyers for this online asset.
A Final Thought
Donald Trump’s attempt towards creating a crypto coin has proven to be a colossal failure. His coin is not only a meme coin but also a meme itself and that too a ridiculous one. This coin’s uselessness has immediately tainted the Republican Party’s image. The USA’s citizens are becoming distrustful of Donald Trump and are seeing him as a scammer. It will be good if Mr. Trump removes this coin from the online market to save his own reputation.
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