Super Tuesday Crypto Craze: Biden-Related Memecoin Stuns Markets With 5,000% Surge
07 Março 2024 - 11:00AM
NEWSBTC
The memecoin frenzy has struck again, and this time it’s centered
around the likeness of US President Joe Biden. BODEN, a token named
after the president, has experienced – at one point – a
mind-boggling surge in value, skyrocketing by a jaw-dropping
5,000%, according to CoinMarketCap. Related Reading: Don’t Miss
Out: XRP Bull Flag Signals Explosive Price Movement BODEN’s
meteoric rise is just one example of the wider trend of meme coins
seeking to capitalize on the popularity of prominent figures, be
they politicians or celebrities. These tokens aim to attract
investors seeking quick profits by leveraging the fame of their
namesakes. Memecoin Fever: BODEN Makes Big Noise Trading data from
CoinMarketCap reveals that BODEN, a Solana-based meme coin, has
seen an astronomical rise of over 2,400% within the last 24 hours,
marking a milestone in the crypto world. With a trading price of
approximately $0.018, this quirky digital asset has amassed a
staggering market volume of $24 million in a mere day. BODEN token
price. Source: CoinMarketCap The surge in BODEN’s value has ushered
in a new wave of meme coins, as developers seize the opportunity to
capitalize on the hype and allure investors seeking swift gains.
Trump Memecoin Also In The Spotlight Meanwhile, the cryptocurrency
TRUMP, associated with Donald Trump, recently dropped to $8.08,
although it still maintains a considerably higher value compared to
its year-end price. Despite not being directly linked to
politicians, Trump had previously received over 579,000 TRUMP
tokens from the project team. Total crypto market cap at $2.44
trillion on the daily chart: TradingView.com The asset experienced
a significant surge in January 2024, reaching a value of $4 million
in Trump’s wallet, compared to trading between $0.01 and $0.08 in
November 2023. The price increase is attributed to political
victories by both Biden and Trump during the Super Tuesday
contests, with Trump winning in 14 out of 15 states as the
Republican candidate. BODEN Flexes Muscles However, BODEN has taken
center stage this week, surpassing even the beloved Dogecoin
(DOGE), the pioneer meme coin on Solana. BODEN’s performance has
even outshined dogwifhat (WIF) and Bonk’s BONK, solidifying its
dominance in the meme coin realm. Related Reading: Can DOGE Avoid A
Dive? Sell Pressure Puts Memecoin To The Test Amidst the meme coin
frenzy, let’s not forget the reigning king of the crypto
world—Bitcoin (BTC). The leading digital currency experienced a
fleeting moment of glory as it soared to a new all-time high of
$69,300, a record not seen since 2021. However, the excitement was
short-lived as BTC quickly retracted to as low as $60,000, causing
a billion-dollar wipeout in the market. Featured image from AFP;
Getty Images, chart from TradingView
Sei (COIN:SEIUSD)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Sei (COIN:SEIUSD)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024