After the success of Trump Coin, it looks like a lot of new projects are now trying to link themselves to Trump. I’ll be honest, it works well during the early phase, but if the project is just riding the hype, it probably won’t last long.
Right, they are taking advantage of the popularity and see there have been a lot of projects which connects to Trump and his family. Himself, the wife and his sons are all benefiting from it.
The Trump-themed projects aren’t really offering anything new in terms of concept or purpose. They just gained traction because Trump openly supported crypto, and he’s loud about it. But as we all know, he likely has personal plans behind it all, especially if he’s trying to push his own project.
It's all been a meme coin and we all know the hype behind it, so sooner or later it will just die down just like any meme theme coin. In any case, the Trump administration has been very open on support crypto projects and it might be good enough for some investors or developers. At least in his term as President, there will be no witch hunt and anti-crypto unlike the previous administration wherein there was a lot of cases and lawsuits against crypto projects.