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- 1 Social media accounts and misleading news websites played a large role in fueling Trump Coin’s success.
- 2 Free Trump is a community-driven project that was initiated due to Donald Trump.
The Trump coin is a popular product that features a portrait of former President Donald J. Trump. It comes in a variety of styles, with Mr. Trump depicted in gold or silver and sometimes accompanied by a bald eagle or riding a missile.
One version, known as the “Trump Coin,” has become particularly popular among social media and fringe news sites, which sometimes advertise it as a type of cryptocurrency that will soon be worth thousands.
The coin has a shiny silver base with Mr. Trump’s face embossed in gold, and the slogan “Keep America Great” written in an arc above his head. Despite its popularity, the origins of the coin are mysterious, with no identifiable company or person taking credit for it.
Some internet sleuths have tried to uncover the organizations behind the coin’s success, tracing a network of advertisers and marketers across the globe. What they found was an entire disinformation supply chain that relied on falsehoods and misinformation at nearly every step.
Fake social media accounts and misleading news websites played a large role in fueling the coin’s success. Ultimately, the Trump coin demonstrates how untruths online often exist to help someone make a quick profit, rather than being created by foreign actors trying to sow division.
As interest in cryptocurrencies among right-wing circles grew, marketers started claiming that the physical Trump coin was also a type of cryptocurrency, a claim that gained traction among buyers who already believed that Mr. Trump was working on his own cryptocurrency.
About Free Trump
Another popular coin is FreeTrump which is a recent addition to the market. FREE TRUMP is a cryptocurrency token on the Ethereum blockchain. It is a community-driven project that was initiated due to the indictment of former US President Donald Trump and a pending arrest.
This is a historic event as no ex-president in the United States has ever been indicted before. The community behind FREETRUMP believes that the political warfare surrounding this event will have severe consequences for the country. As a result, they are determined to support a free United States and a FREE TRUMP.
Technicals of FREETRUMP
FreeTrump is currently trading at the level of $0.002491 after being rejected at the resistance of $0.003041. Now the support level of $0.00124 is strong where the bullish investors bounced off 4 days ago of press time. The target price is bearish.
Summary
The Trump coin is a popular product featuring the portrait of former President Donald J. Trump in gold or silver and sometimes accompanied by a bald eagle or riding a missile. Another such coin is ‘FreeTrump’. It is being said that fake social media accounts and misleading news websites played a large role in fueling the coin’s success.
Technical Levels
- Support Levels: $0.003041 and $0.00401
- Resistance Levels: $0.001241 and $0.000408
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
