2024

TRUMP

Presidential Debate

<ul> 
 <li aria-level="1">BODEN memecoin experienced a 26% price drop post-debate, highlighting a bearish trend in its trading.</li> 
 <li aria-level="1">TRUMP memecoin saw a milder decline of 7%, but both coins showed early signs of bearish market trends.</li> 
</ul> 
The recent U.S. presidential debate has sparked a flurry of activity on social media, with both candidates becoming the subject of numerous memes and discussions. This heightened attention has impacted the performance of related memecoins, namely TRUMP and BODEN, which are based on the presidential candidates. 
In the aftermath of the debate, both coins experienced a downturn, with BODEN seeing a more pronounced decline. Over the last 24 hours, BODEN’s price dropped by 26%, continuing a downward trend that began just after June 31st.&nbsp; 
<figure id="attachment_79284" aria-describedby="caption-attachment-79284" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-79284" src="https://www.ethnews.com/wp-content/uploads/2024/06/boden-trading-chart.png" alt="boden-trading-chart" width="1718" height="896">
 <figcaption id="caption-attachment-79284" class="wp-caption-text">
 Source: Dexscreener
 </figcaption>
</figure> 
This trend was characterized by consistent lower lows and lower highs, a classic indicator of a bearish market. Currently, BODEN is trading at $0.08186. Technical indicators such as the Relative Strength Index and Chaikin Money Flow for BODEN show significant declines, suggesting reduced investor interest and capital inflow. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24TREMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TREMP</a> has officially flipped <a href="https://twitter.com/search?q=%24BODEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BODEN</a> 
 Not sure why anyone in this space that believes in crypto would ever bid on a left wing dem commy meme makes absolute zero sense to me. 
 The Biden regime is 100% anti crypto. 
 — POΞ (@Poe_Ether) <a href="https://twitter.com/Poe_Ether/status/1806747285440672209?ref_src=twsrc%5Etfw">June 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
In contrast, TRUMP’s coin saw a milder price decline of 7% during the same period. Despite this smaller dip, the <a href="https://www.ethnews.com/trump-meme-coin-faces-political-bias-in-exchange-listings/">TRUMP token</a> also displayed early signs of a bearish trend. Social volume and weighted sentiment for TRUMP have both decreased, indicating a drop in popularity and more negative social commentary surrounding the token. 
<figure id="attachment_79288" aria-describedby="caption-attachment-79288" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-79288" src="https://www.ethnews.com/wp-content/uploads/2024/06/MAGA-TRUMP-12.34.24-28-Jun-2024-2048x693-1.png" alt="MAGA-TRUMP-12.34.24-28-Jun-2024-2048x693" width="2048" height="693">
 <figcaption id="caption-attachment-79288" class="wp-caption-text">
 Source: Dexscreener
 </figcaption>
</figure> 
Looking forward, the performance of <a href="https://www.ethnews.com/trump-tremp-and-boden-tokens-dive-amid-trumpcoin-speculation/">these memecoins</a> could be further influenced by the political fortunes of their namesakes. Recent data indicates that Donald Trump’s likelihood of winning the 2024 Presidential Election has increased significantly, reaching a new high of 63%. 
In contrast, the odds for President Biden to secure a second term have decreased from 48% to 37%. These political shifts could potentially sway the market dynamics for the TRUMP token positively in the near future. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 gboden. Jill thinks I did really good and that I deserved my ice cream for a treat after the debate <a href="https://t.co/MQOgbXfUhs">pic.twitter.com/MQOgbXfUhs</a> 
 — Jeo Bodens Parody PFPs (@TheJeoBodens) <a href="https://twitter.com/TheJeoBodens/status/1806623835413684414?ref_src=twsrc%5Etfw">June 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
As the presidential race heats up, the interplay between political developments and cryptocurrency valuations illustrates the unique volatility and market sentiment drivers within the memecoin sector. Investors and observers alike will be keenly watching how further <a href="https://www.ethnews.com/donald-trump-taps-crypto-community-for-campaign-funding-boost/">political events</a> might continue to influence these digital assets. 
The post <a href="https://www.ethnews.com/memecoins-trump-and-boden-react-to-presidential-debate/">Memecoins TRUMP and BODEN React to Presidential Debate</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Memecoins TRUMP and BODEN React to Presidential Debate

ETHNews

Andre artikler udgivet 29. jun. 2024

Coinbase to Offer Futures on Popular Altcoins, Including Shiba Inu and Avalanche

Peter Schiff Has Some Bad News for Bitcoin ETF Investors

CryptoGames Now Supports Tether (USDT) Deposits and Partners with Bitinvest – Buy Crypto Instant ...

Leave HBAR & PEPE Behind: Why BlockDAG Dominates As a Premier Crypto Investment After X1 App Launch

AgentLayer Announces Second Round of Testnet Airdrop Campaign

BlockDAG Development Release 58: Revamped Blockchain Viewer Promises Substantial Investor Returns...

Join our free newsletter for daily crypto updates!