- The presidential debate caused prices of both TRUMP and BODEN to decline significantly.
- Popularity of TRUMP waned, over the last few days.
As a researcher, I have closely monitored the price movements and social media sentiment of the PolitiFi memecoins TRUMP and BODEN, based on the U.S. presidential candidates. The recent debate between Trump and Biden caused significant declines in the prices of both tokens, with BODEN experiencing a more drastic fall.
The latest US presidential debate has sparked a frenzy on the internet. Social media is filled with humorous memes and quips targeting each candidate.
Saga of TRUMP and BODEN
As a crypto investor, I’ve noticed a significant surge in interest towards PolitiFi’s memecoins TRUMP and BODEN lately. These coins, inspired by the two leading presidential candidates, have experienced considerable growth in the past few days.
Despite the significant interest in the BODEN token over the past day, not all of it was favorable. The value of the token dropped by 26% within the last 24 hours, marking a noticeable decrease in price. However, this decline didn’t occur suddenly.
Starting from July 1st, the value of BODEN started to plummet, showing numerous successive low points and failed attempts to rise, suggesting a downward market direction.
I’ve been closely monitoring my investment in BODEN, and right now, the coin is priced at $0.08186 at the current market update. However, I’ve noticed a significant decrease in the Relative Strength Index (RSI) for BODEN during this timeframe. This change suggests that the bullish sentiment towards BODEN may have weakened.
Additionally, the Chaikin Money Flow indicator for BODEN saw a decline, signifying a significant decrease in capital inflowing towards the stock.
As a researcher observing the market trends, I noticed that while Trump experienced a 7% price decrease within the last 24 hours, Boden displayed more substantial price fluctuations. The insignificant decline in Trump’s price pales in comparison to Boden’s recent price shifts.
Similarly to BODEN’s price behavior, the TRUMP token exhibited indications of a downward trend prior to its significant decrease in value. Furthermore, the social buzz surrounding this token noticeably decreased, implying a decline in interest or popularity for TRUMP.
Additionally, the sentiment analysis of the TRUMP token indicated a decrease in its positive weighting, suggesting that unfavorable comments were more prevalent than favorable ones during the given period.
What’s next?
Despite Trump’s poor performance on social media metrics, the real-life presidential candidate the token represents was faring quite well.
New data indicates that Donald Trump’s possibility of securing the 2024 Presidency has climbed up to 63%, marking a significant jump of over 10% since the speculation started.
The odds of President Biden winning a second term have dropped from 48% to 37%.
As a market analyst, I can tell you that there’s a widespread belief among investors that Donald Trump is likely to be elected as the next president. This perception could influence the price trend of the TRUMP token in a favorable manner moving forward.
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2024-06-29 07:03