Sooner or later the sphere of cryptocurrency goes through certain changes and, as always, novices are trying to enter this market, using the support of political tools and a rather ambitious mission. Trump’sFight is relatively a new entry in the crypto market it goes by the symbol TRUMPSFIGHT on the market.
TrumpsFight token is currently being sold at $ 0.01492 and is slightly up by 2.14% in the last one day. The cryptocurrency has a market capitalization of $701,446.7 and is currently ranked #9637 among cryptocurrency markets available across the globe. This is probably the reason why TrumpsFight has a comparatively low overall index and is seemingly in its early stage of development in terms of investment promotion.
The most appealing thing we learned about TrumpsFight is that there is not much of it available, though it is in limited and unique supply. TRUMPSFIGHT tokens and there shall be a maximum of maximum total supply of 47,000,000 coins in existence. This feature might also mean the token has the potential of generating even more value as the demand rises in future. At this stage, it is stated that the total amount of the supply base is 47 million tokens, so in the future there will be no new tokens anymore.
The fully diluted complexion of TrumpsFight is the same as its current one at $701,446.7. In other words, the status of all tokens is aligned with this figure, which can be viewed as a favorable sign for investors concerned about the dilution of their stakes.
However, what is more questionable, the 24-hour trading volume of TrumpsFight is defined as $0, which casts doubts on the ongoing activity of trading the token. This could be as a result of low trading pairs in exchanges, relatively unknown tokens to investors or token holders deciding to hold their tokens with an aim of selling at much higher prices in the future.
The name, TrumpsFight, is a direct reference to former US President Donald Trump who has been at the centre of controversy in both politics and, in recent times, in the world of cryptocurrencies. The latter means that this connection with a prominent political figure can be beneficial for the token, but at the same time, yield a number of risks. On one hand, it can bring together Trump supporters who want to make a token of the president or perhaps earn money on their political views. On the other hand, it might trigger those who do not support Trump’s politics or are skeptical of politically inspired cryptocurrencies.
Trawick and TrumpsFight’s entrance at a time that politics and cryptocurrency are on the rise. After Donald Trump himself has recently entered the world of cryptocurrencies with the creation of World Liberty Financial, the political theme cryptocurrencies flood the crypto market. This trend owes to the increasing threat posed by digital currencies as an upcoming political tool and source of funding for politicians.
Thus, potential investors should be very careful with TrumpsFight as a potential project. Of course, just like any other language-centred virtual currency, especially for a country that is actually ruled by a Belarusian authoritarian regime, there are considerable risks associated with such operation. Liquidity is therefore likely to prove to be a concern given the low trading volume and comparatively small market here. Also, for the tokens with political related affiliations the legal status is still vague that might affect its potential.
Interestingly, there is an absence of the whitepaper or official documentation for TrumpsFight and, thus, it is challenging to analyse the token’s technological aspect, purpose, and prognosis. This could be a problem signaling alarm bells for serious money that demands certain information upon which to invest.
The crypto market has grown and is saturating, and tokens such as TrumpsFight exist in the uncharted territories of politics and digital finance. However, whether this token will go viral and make its way among the leaders of the crypto market is still an open question. It is a matter of debate as to how successful it will be, the key factors that would define the cryptocurrency will include; the market trends, future changes in the laws concerning cryptocurrency, and perceptions towards politically affiliated cryptocurrencies.
Therefore, TrumpsFight has joined the cryptocurrency market as a small-scale token with political connotations. As with many precious metals, its relative scarcity has its benefits such as being able to attract a certain kind of consumer base, however, the fact that it has low trading volume and comes with little to no disclosure is an issue. Any potential investors of TrumpsFight or any other politically correlated cryptocurrencies should first approach the investments carefully and do their homework considering the higher risks connected to cryptocurrencies. This year will play a key role in TrumpsFight and the ability of this project to promoting itself and populates higher positions in the ranking of the crypto market or will remain the next wonder of the cryptocurrency world.
