A digital currency for President “Trump’s health” is available for trading on the Uniswap platform … Details here
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Answer A digital currency for President “Trump’s health” is available for trading on the Uniswap platform … Details here
It is possible that US President Donald Trump does not like cryptocurrencies, but cryptocurrencies do not want to miss an opportunity to mess with him.
Considering that anything can be converted and digitized into a digital currency – no matter how trivial or influential – a digital currency recently appeared on the Uniswap platform for tracking President Trump’s health, called (THI).
Not much is known about this “project” other than its name and evolution.
As for the value of this digital currency “THI”, its index rises when the market has a positive perception of the president’s health and decreases when the opposite is true.
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This digital currency fell from $0.957 to $0.954 in a few hours.
The coin corrected to $0.956, possibly in reaction to the president’s announcement on Twitter that he was fine, then fell back to $0.955.
Trump and Bitcoin Health:
No wonder the US President’s Health Index has some appeal to cryptocurrency traders, after all, markets tend to be very volatile and prone to shifting sentiment.
Bitcoin saw a decline as soon as news of President Trump’s illness spread, but it remained relatively stable compared to previous events.
Bitcoin remains above $10,500.
But this latest situation has sparked a new debate about the nature of bitcoin.
It proved once again that the statement that Bitcoin is linked to gold (as a store of value) is wrong as the precious metal rose when the financial markets, including Bitcoin, fell.
Bitcoin followed stocks and came to be seen as an investment, confusing traders and analysts.
At the moment, the correlation between Bitcoin and the SP500 index is very high.
Mixing Cryptocurrency and Politics:
The liquidity and value of the digital currency at the center of our article “THI” has become zero, so it cannot be taken seriously, but the truth is that it will not be the first time that traders have bet on the future of the president.
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The FTX platform for cryptocurrency derivatives trading provides an opportunity to speculate on Donald Trump’s political futures.
The Trump contract will close at $1 if Trump wins the election, and at $0 if he loses.
At the present time, expectations are not in favor of those who say that “Trump” will win the elections, especially after news of his exposure to the Corona virus.
The observer of the economic scene finds that the financial markets are affected by the president’s health condition. After his illness was announced, most of the financial markets declined, after which President “Trump” came out and reassured the world of his health so that the markets rebounded again with his statements.
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By mentioning the currencies associated with politicians and influencers around the world, it is impossible to forget and not mention the digital currency “StopTrumpCoin”, which was traded on the “Cryptopia” platform.
The goal of this digital currency was to achieve world peace so that all human beings are treated fairly and equally.
However, the hack of the Cryptopia platform did not allow this coin to achieve its goal, as it stopped trading shortly after.
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