President Joe Biden and Donald Trump lately engaged in a heated quite “ridiculous” debate. Furthermore, Biden acquired large backlash whereas Trump’s election odds surged to 63% Therefore, at present, the highlight is on three politically charged meme cash: MAGA (TRUMP), TrumpCoin (DJT), and Jeo Boden (BODEN).
MAGA (TRUMP) Meme Coin Efficiency
The MAGA coin, impressed by former President Trump, is presently priced at $8.07, experiencing a ten.06% decline previously 24 hours. Nonetheless, regardless of the downturn, its 24-hour buying and selling quantity stands sturdy at $24.46 million. While, it boasts #211 on CoinMarketCap with a market capitalization of $355.03 million.
Furthermore, with a circulating provide of 43.99 million TRUMP cash, the meme coin has seen important volatility. Beforehand, the TRUMP token reached a excessive of $17.52. Since then, MAGA has plummeted by 54%, reflecting the inherent volatility of the crypto market.
The Solana meme coin’s rise was carefully tied to Trump’s marketing campaign actions and the rising odds of his 2024 presidential run. Nonetheless, at present’s dip means that the coin struggles to take care of momentum whilst Trump’s odds of successful rise to 63%.
Additionally Learn: Donald Trump’s Odds Of Winning Surges To 63%, Musk Says “Memes” Clear Winner
TrumpCoin (DJT) Worth Right this moment
TrumpCoin (DJT) is one other Solana meme coin within the political crypto area. Priced at $0.010928, TrumpCoin has seen a minor decline of 0.26% during the last 24 hours, with a buying and selling quantity of $10.52 million USD. Because the coin was launched lately, it ranks decrease at #2565 on CoinMarketCap and lacks a reported market capitalization.
The entire provide of DJT cash is capped at 10 billion, although the circulating provide stays undisclosed. Throughout launch, it was branded as an official Trump coin. Nonetheless, Trump by no means admitted to those claims. Furthermore, a large controversy surrounds the coin, significantly after Martin Shkreli, a infamous determine within the crypto world, alleged he collaborated with Barron Trump to launch it.
Shkreli’s claims had been met with skepticism and backlash. Moreover, the neighborhood highlighted insider buying and selling accusations linked to Shkreli and his associates. These claims considerably affected the DJT meme coin value.
Jeo Boden (BODEN) Coin Plummets 46%
Jeo Boden (BODEN), President Joe Biden, is one other entrant within the political meme coin market. Presently priced at $0.073805, BODEN has suffered a pointy decline of 46.88% previously 24 hours. Its buying and selling quantity stayed comparatively excessive at $36.07 million however skilled a large plunge.
BODEN’s latest plunge follows contentious remarks made by Biden in a debate towards Trump, inflicting a major market response. Not like its counterparts, BODEN’s efficiency seems extra instantly influenced by the political local weather and public notion of Biden’s actions and statements.
Additionally Learn: Kraken Co-Founder Donates $1M In ETH To Donald Trump
The offered content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty on your private monetary loss.
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