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Donald Trump Launches NFT Collection on Bitcoin Ordinals

Donald Trump has launched his newest NFT collection, "Trump Bitcoin Digital Trading Cards," on the Bitcoin network using the Ordinals protocol. The first batch includes 160 pieces, with a total of 200 cards planned for the series. Buyers can claim 100 cards from the "Mugshot Edition" on Magic Eden, an NFT marketplace, after linking their Bitcoin wallet. The collection, first announced in January 2024, represents Trump`s debut NFT project on Bitcoin. He has previously released other NFT collections, such as the "Trump Digital Trading Cards," which included editions like the "America First" series launched in August 2024. That collection featured perks like gold-themed sneakers and exclusive meals with Trump but has yet to see significant trading activity. Sales of other Trump-branded NFTs have also been inconsistent. However, the new collection on Bitcoin Ordinals shows promising early interest, with 29% of the cards minted at the time of writing. This launch comes as the NFT market continues to evolve, with Ethereum and Bitcoin leading 2024 sales at $3.1 billion each , followed by Solana in third place. The overall NFT market recorded $8.8 billion in sales in 2024, a slight increase of $100 million from the previous year. Despite the recovery signs, the NFT market still faces challenges. Oversaturation remains a major issue, with 98% of collections showing little or no trading activity and only 0.2% of new projects proving profitable. Most collections lose over half their value within days of release. Platforms like Magic Eden and projects like Pudgy Penguins have been leading innovations in the space. Pudgy Penguins generated $115 million in sales and launched their own token, setting a trend that OpenSea, the largest NFT marketplace, is rumored to follow in 2025. While some platforms expand their offerings, others are scaling back. Kraken, for instance, announced the closure of its NFT marketplace in November 2024 to focus on other priorities. Users have until February 27, 2025, to withdraw their assets. The late 2024 NFT market showed signs of stabilization, but speculative trading continues to decline. Trump’s new NFT venture on Bitcoin Ordinals may indicate a shift in strategies to tap into Bitcoin’s growing influence in the NFT ecosystem. It remains to be seen whether this collection will overcome market challenges and achieve lasting success. CoinTurk News

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Toncoin Could See A 65% Surge In The Next 43 Days—Here’s Why

The cryptocurrency market has shown heightened activity in early 2025, with Toncoin (TON) emerging as one of the spotlighted assets following an analysis shared by a CryptoQuant analyst, Burak Kesmeci. According to recent data, the 90-day percent return metric for TON indicates the early stages of an uptrend, raising expectations of a sustained rally in the coming weeks. This trend has been observed historically, with similar metrics signaling substantial gains in past bull cycles. Related Reading: Toncoin Price Recovery Continues — Is The Dwindling Staking TVL Ratio Bullish? Historical Data Suggests Strong Price Potential Kesmeci disclosed that historical analysis reveals that TON has previously demonstrated notable performance following reversals in the 90-day percent return metric. For example, in August 2023, TON rose from $1.72, delivering a 65% gain over 70 days. Similarly, in February 2024, the asset surged by 258% in just 43 days after a similar metric reversal. The most recent example, recorded in November 2024, saw TON climb 32% within 11 days. These instances suggest that when the 90-day percent return metric crosses into positive territory, it often serves as a precursor to significant upward price movement. The current trend, which began just seven days ago, has sparked optimism among investors who are considering short-term accumulation strategies. Kesmeci reveals that if historical trends persist, TON could experience a median gain of 65% over the next 43 days. The analyst wrote: Currently, we observe that the “90-day percent return” metric for TON has entered a bull trend for the fourth time. It has been only 7 days since this reversal. Based on previous data: Expected duration: 43 days (median value) Potential percentage return: 65% (median value) These insights suggest that TON is likely to continue its upward trend in the short term. However, it is worth noting that market conditions and external factors, such as overall sentiment in the cryptocurrency sector, could influence the trajectory of this trend. Toncoin Market Performance Since the year began, Toncoin has been unable to make a significant movement towards the upside. Instead, the altcoin has continued to face consistent decline. Over the past two weeks, TON has now plunged by a double-digit performance of nearly 12%. This has brought the asset’s price to currently trade below $6 as of today marking a 7.5% decline in the past 24 hours. Interestingly, despite the consistent decline from TON in recent weeks, the asset’s daily trading volume has seen an opposite trend. Related Reading: Toncoin Consolidates: Could A Breakout Push TON Higher? Particularly, in the past 7 days, TON’s daily trading volume has moved from $200 million last Wednesday to now sitting at roughly 344 million as of today. Given the current trend in TON’s price, it is worth noting that this increase in TON’s trading volume might be from the continuous selling pressure in the TON market. Featured image created with DALL-E, Chart from TradingView CoinTurk News