Trump is on the cover of Time. Is there still room for related concept coins to rise?

Автор оригинала: Алекс Лю, Foresight News

On the night of December 12, Beijing time, Time magazine announced that US President-elect Trump would be its Person of the Year this year, triggering a further rise in related криптовалютаcurrencies. Later, when asked about the strategic reserve of crypto assets at the New York Stock Обмен, Trump said that some great things will be done in the field of cryptocurrencies.

For the first time, the industry has welcomed a US president who is so supportive of cryptocurrencies. What cryptocurrencies are related to him? Do these Trump targets still have room for growth before he takes office in January? Please see the inventory and analysis.

WLFI

WLFI is most closely associated with Trump, but it is not necessarily the best investment target. WLFI is the token of the Trump familys crypto project World Liberty Financial, but the token terms and utility are not ideal, and most of the projects revenue will go to Trump rather than the coin holders:

• Terms and Utilities: According to the updated WLFI token sales terms and conditions, WLFI is only used for governance and not as an investment tool; all WLFI is currently locked in wallets or smart contracts indefinitely and cannot be transferred; if you wish to unlock the transferability of WLFI through the protocol governance process in the future, the following conditions must be met: determine that it does not violate applicable laws and at least 12 months after the completion of the token sale; because the tokens are not transferable, the company has not taken any action at this time and does not plan to create a secondary market for the tokens; tokens cannot be refunded after purchase unless required by applicable law; WLF reserves the right to reject or cancel token purchase requests.

• According to the World Liberty Gold Paper, approximately $30 million of WLFIs initial revenue was designated as a reserve fund to pay operating expenses and other financial obligations. DT Marks DEFI LLC, a Delaware company associated with Trump, will receive 75% of the net agreement revenue. The Trump family will receive 22.5 billion WLFI tokens, worth approximately $337.5 million at an issue price of 1.5 cents. The remaining 25% of the net agreement revenue will belong to Axiom Management Group (AMG), a Puerto Rican company wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its profit rights to WC Digital Fi, an affiliate of Trumps close friend and political donor Steve Witkoff and some of his family members.

ETH, AAVE, LINK, SCR

Investing directly in the Trump familys crypto project may not be cost-effective, but betting on a crypto-native project that is chosen to be co-built by the project and already has good fundamentals may have a higher chance of winning.

World Liberty will deploy AAVE V3 instances on Ethereum and Scroll. Scroll co-founder Sandy Peng is also a project advisor for World Liberty. The projects on-chain data and cross-chain connections will also adopt the Chainlink standard.

According to on-chain data, the World Liberty project wallet bought ETH, LINK, and AAVE tokens, which was also the main news driving force behind the surge in AAVE and LINK on December 12.

In addition to their connection with Trump, the above crypto-native projects also have good fundamentals and are easier to value invest. For example, Chainlink is the industrys leading oracle and is also working on tokenization and cross-chain. Aave is the largest lending protocol on the chain. Currently, many indicators of the project are at historical highs, but the token price is less than half of the historical high…

РСР

RSR is the token of the DeFi protocol Reserve Rights. The project has no direct connection with Trump, but Trumps choice of Paul Atkins, the next chairman of the U.S. Securities and Exchange Commission (SEC), is an advisor to the project.

Рекомендуемое чтение:

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DYDX銆丼OL

DYDX and SOL also have no direct connection with Trump, but Craft Ventures, owned by David O. Sacks, the crypto czar he chose, invested in both projects.

Рекомендуемое чтение:

The Crypto Journey of Americas First Crypto Tsar David O. Sacks, the White House AI and Crypto Tsar has a brilliant resume and story with Crypto.

MEME

Trump-related meme coins are also worth paying attention to. The ones with larger market capitalizations are:

• TRUMP on the Ethereum chain has a current market value of more than 80 million US dollars, which has fallen by nearly 90% from its high point in early June this year.

• Solana on-chain TREMP, the token name and logo are both funny, the current market value is 10 million US dollars

• MAGA (Maga Hat), Trumps slogan and campaign hat logo, currently has a market value of $39 million

This article is sourced from the internet: Trump is on the cover of Time. Is there still room for related concept coins to rise?

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