TrumpCoin: could it make cryptocurrencies great again?

A new coin has been developed to support Donald Trump’s presidency and a political action committee (PAC) is seeking investments. TrumpCoin has also been called the first cryptopac and has launched a website that features a video with instructions on the aims of the coin. The slogan that ends the video is simple but quite impressive, as the creators of TrumpCoin say “let’s make crypto great again”.

The coin is not affiliated with Trump and the website states that there are no official connection to the surroundings of the official presidential campaign for Donald Trump but, instead, is a donation project to support his campaign. Six millions Trump Coins have been created, with 200,000 of them being set aside specifically for donation towards Trump’s campaign, which means that, the higher the value of Trump Coin is, the more dollars are there for the Trump Campaign Funds. The whole thing is quite simple, as the more Trump Coins will be sold, the more their value will increase.

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The creators are trying to get Trump supporters to use the coin with a chance of collecting a nice profit. They believe that, with $50 donations that will bring the supporter $50 in Trump Coins, that are approximately 5 cents each, they can make a profit of 100% of their investment, as the coin can go up to 10 cents in a couple of days. This is quite an optimistic prognosis but, for sure, it can drive people’s attention to the project. The value of the coin is predicted to go up, thanks to marketing efforts producing a high demand for it.

TrumpCoin is being heavily debated by the cryptocurrency community and was listed by CoinMarketCap with its value settled at around $0.05. Investors seem to be quite interested in the coin but it is not a solid option and should not be considered a good personal investment, at least for now.

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