Bitcoin

Donald Trump to mint NFTs on Bitcoin Ordinals, details here

 Bitcoin Ordinals might be about to see a spike, at least if the hype around the Trump Digital Trading Cards collection is anything to go by.

Published

10 months ago

on

  • Trump Digital Cards will be minted on Bitcoin Ordinals.
  • Ordinals daily inscriptions have fallen below 200,000.

The number of Bitcoin [BTC] Ordinals transactions has decreased in recent days. Nevertheless, there is a possibility of a resurgence in activity with the upcoming introduction of the Trump Digital Trading Card.

Trump Digital Trading Cards on Bitcoin Ordinals

New information indicates that the upcoming Trump Digital Trading Cards collection will include some items minted as Bitcoin Ordinals.

The announcement specifies that these inscriptions will be unique, with only one of each, and 200 will be minted. This strategic move by Trump NFT aims to capitalize on the growing popularity of Bitcoin Ordinals inscriptions.

When the NFT collections featuring the former US president emerged, they generated a mixed response within the crypto community.

According to data from Crypto Slam, the launch of the Trump Digital Trading Cards collection generated considerable hype and resulted in substantial sales. 

On the first day, the total sales volume reached about $171,000. The following day, sales surged to over $2 million and peaked at over $3.5 million by 17th December, 2022. However, after reaching this peak, the data showed a subsequent decline in hype and sales.

The chart illustrates that the highest recorded sales volume remained below $400,000 following the spike. By the last day of 2023, total sales were around $291. As of this writing, the sales volume was around $4,100.

Recent Bitcoin Ordinals trends

An examination of the Bitcoin Ordinals

trend showed a decline in the rate of inscriptions over the past few days. According to the chart from Dune Analytics, while there have been occasional upticks earlier in the year, they have not been sustained.

Daily inscriptions reached over 400,000 on 13th and 14th January but have remained below that threshold since. As of the current moment, the number of inscriptions stands at around 150,000.

Source: Dune Analytics

 How much are 1,10,100 BTCs worth today

Additionally, with the imminent release of the Trump Digital Cards collection on Bitcoin Ordinals, there is a likelihood of a spike in daily inscriptions, at least during that period.

This expectation is grounded in the observed trend from the collection’s release in 2022. Such a surge in activity would also impact transaction fees and keep the Bitcoin network busy for a while.

 

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