The US -based Freight Technologies Inc. decided to integrate Trump Token, known as Memecoin, into the operating cycle. The company aims to use this token as assets with the income to be obtained from the sale of convertible bonds. In the first stage, starting with an offer of $ 1 million is a step taken with the expectation that the proposal could reach $ 20 million in the future.
Freight and Trump Coin
Trump Token is considered to be the main element in Freight Technologies’ crypto asset strategy. The company states that this step is welcomed by the market. The company shares on the New York Stock Exchange increased by 108 %and reached a market value of $ 4.6 million. This development is interpreted as an indication of an innovative approach in the use of crypto assets. But what we actually see is a company strategy that strives to increase the shares of the company by taking advantage of Trump’s position. If you want to do this by spending more money by strategy, it is a speculative but logical movement in the short term.
Some US companies tend to consider crypto assets as reserves. Companies such as Strategy and Metaplanet continue to invest in crypto assets, especially Bitcoin. Companies that are aiming to diversify their crypto portfolios by expanding their capital plans are taking steps to increase investor interest. Although this development is one of the examples reflecting the approach of corporate investors to crypto assets, the basic aim is to speculate stock of stock and this in the future can cause serious trouble.
Freight Technologies had previously purchased a fet token from the Fetch.ai platform and obtained an asset worth $ 8 million.
Increase in Crypto demand
The positive attitude of the US administration in the field of crypto assets affects market dynamics. President Trump’s explanations and moves on crypto attracts the attention of investors. Senator Cynthia Lummis’s Bitcoin Act Bill initiative is also an important step towards supporting the demand for crypto asset reserves. Moreover, there is much more. Crypto reserve laws are progressing in many states.
In different sectors, practices in digital asset strategies have become widespread. The decision of Freight Technologies to use Trump Token as a reserve asset may exemplify the efforts to provide diversity in digital portfolios. These developments may provide important data for investors to closely follow the digital asset market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
