Trump supporters lose $12bn as president’s cryptocurrency coin collapses
Donald Trump’s supporters have lost more than $12bn (£9.5bn) in a month after the value of the president’s cryptocurrency collapsed.
$Trump, a so-called “meme coin” unveiled on Jan 17, three days before Mr Trump’s inauguration, has lost more than 80pc of its value since its peak on Jan 19.
This has led to its overall worth falling from a peak of $15bn to $2.7bn on Thursday, as it suffered amid a wider crypto rout.
The paper value of the coins owned by Mr Trump himself has also fallen by $50bn.
While Mr Trump’s own losses have not been crystallised, investors are on the hook after spending heavily to back the Trump coin in the run-up to his inauguration, partly as a show of support but also as a gamble that the token would rise in value.
#Trump #TrumpCoin #cryptocurrency #crypto #memeCoin #News
1 month ago
DigitalOcean: The Ideal Choice for Cloud Hosting
If you're looking for a reliable, scalable, and cost-effective solution to host your projects in the cloud, DigitalOcean is the perfect choice. With robust infrastructure and intuitive tools, the platform is ideal for developers, startups, and businesses seeking an efficient environment for their applications.
Why Choose DigitalOcean?
Simplicity and Ease of Use DigitalOcean offers an intuitive control panel and powerful APIs for simplified server management. With just a few clicks, you can set up Droplets (virtual machines), databases, and Kubernetes.
Performance and ReliabilityTheir servers are optimized for high performance, featuring SSD storage, globally distributed data centers, and DDoS protection, ensuring stability and security for your project.
Affordable and Predictable PricingUnlike other platforms, DigitalOcean offers fixed-price plans with no billing surprises. With plans starting at $5/month, you can host websites, APIs, and web applications affordably.
On-Demand Scalability If your project grows, DigitalOcean allows you to scale resources quickly. With Load Balancers, Kubernetes, and managed databases, you can increase your infrastructure capacity effortlessly.
Active Community and Support DigitalOcean has a vast developer community and a rich knowledge base with tutorials and detailed guides. Additionally, technical support is always available to help with any challenges.
Use Cases for DigitalOcean
Hosting websites and blogs with WordPress, Laravel, and other technologies.
Deploying APIs and scalable applications.
Simplified management of PostgreSQL, MySQL, and Redis databases.
Infrastructure for AI and Machine Learning applications.
Try DigitalOcean with Free Credits!
For new users, DigitalOcean offers free credits so you can test the services at no initial cost. Click the link below and start your cloud journey now!
#DigitalOcean #FreeCredits #Cloud
Read More...
Share
Add Comment