- Trump Digital Cards will be minted on Bitcoin Ordinals.
- The number of daily inscriptions of the ordinal numbers has fallen below 200,000.
The number of Bitcoins [BTC] Ordinal number transactions have declined in recent days. Nevertheless, there is a possibility of a revival 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 that 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 surfaced, they generated mixed reactions within the crypto community.
According to data from Crypto SlamThe launch of the Trump Digital Trading Cards collection created a lot of hype and resulted in substantial sales.
On the first day, total sales volume was approximately $171,000. The next day, sales rose to over $2 million and peaked at over $3.5 million on December 17, 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 after the peak remained below $400,000. As of the last day of 2023, total sales were approximately $291. At the time of writing, sales volume was approximately $4,100.
Recent Bitcoin Ordinals Trends
A study on the Bitcoin Ordinals trend showed a decline in registrations in recent days. According to the Dune Analytics chart, although there were occasional increases earlier this year, they have not been sustained.
Daily registrations reached more than 400,000 on January 13 and 14, but have remained below that threshold since. Currently the number of registrations is approximately 150,000.
Source: Dune Analytics
How much are 1,10,100 BTCs worth today?
Furthermore, with the upcoming release of the Trump Digital Cards Collection on Bitcoin Ordinals, there is a likelihood of a spike in daily registrations, at least during that period.
This expectation is based on the observed trend from the collection’s release in 2022. Such an increase in activity would also impact transaction fees and keep the Bitcoin network busy for a while.