Ki Young Ju, CEO of CryptoQuant, has highlighted the formidable obstacles that former President Donald Trump may encounter in his new venture as a Web3 entrepreneur. Speaking on October 13 via the X platform, Ju expressed skepticism regarding Trump’s plans to launch the public sale of his altcoin, WLFI, scheduled for October 15, with specifics to be revealed in a live broadcast the day before.
What Challenges Will Trump Face in Web3?
Ju points out that Trump will have to endure intense scrutiny akin to that experienced by blockchain investigator ZachXBT. Success for Trump requires not only the development of the altcoin but also an engaging presence on social media, utilizing bold and sometimes self-aggrandizing tweets to connect with audiences. Ju emphasized that maintaining support for WLFI’s price is crucial in this environment.
Moreover, Ju noted that securing listings on cryptocurrency exchanges poses another significant hurdle for Trump. He stressed the importance of ensuring the security of wallets and smart contracts as part of the project’s credibility.
How Can Trump Build Trust in His Project?
According to Ju, merely defending the altcoin’s price won’t suffice; Trump must produce compelling use cases and narratives to establish legitimacy. He cautioned that the risks in the volatile Web3 landscape are substantial, and Trump could be labeled a “fraud” globally if his project fails to recover from downturns.
- Trump’s altcoin WLFI is set to launch public sales on October 15.
- Engagement on social media is essential for building support.
- Securing exchange listings and ensuring financial security are critical.
- Compelling narratives and use cases are necessary for credibility.
Ju’s insights come at a crucial time as Trump prepares for his coin’s launch. The upcoming broadcast and sale are pivotal moments that could significantly impact his standing within the cryptocurrency community.