- The presidential debate led to a significant drop in the prices of TRUMP and BODEN.
- TRUMP’s popularity has declined in recent days.
The recent US presidential debate has taken the internet by storm. Memes and jokes about the two presidential candidates have flooded social media platforms.
Saga of TRUMP and BODEN
Amid all the buzz, attention around PolitiFi memecoins TRUMP and BODEN, which are based on the presidential candidates, has increased significantly in recent days.
However, the attention these tokens have received has not been entirely positive. Over the past 24 hours, the price of the BODEN token has fallen by 26%. Although this price drop was drastic, it was not sudden.
After June 31, the price of BODEN started to skyrocket. During this period, the BODEN price exhibited several lows and highs, indicating a downtrend.
At press time, BODEN was trading at $0.08186. BODEN’s Relative Strength Index declined significantly during this period, indicating that bullish interest in BODEN had waned.
Additionally, the Chaikin money flow for BODEN has also decreased, suggesting that the money circulating in BODEN has dropped significantly.
Source: Trading View
TRUMP, however, did not see a price drop as significant as that of BODEN. Over the past 24 hours, TRUMP’s price has fallen by 7%. Although this price drop was significant, it was minimal compared to BODEN’s recent price development.
However, just like BODEN’s price movement, the TRUMP token also showed signs of a downtrend before its price dropped so significantly. Along with this, the social volume around the token has also decreased, indicating that the popularity of the TRUMP token has declined.
Additionally, the weighted sentiment around the TRUMP token had also decreased, implying that negative comments around TRUMP outnumbered positive ones at press time.
Source: Santiment
And after?
Even though the TRUMP token was not performing well in terms of social media metrics, the presidential candidate the token is based on was doing relatively well.
The latest figures show that Donald Trump’s chances of winning the 2024 presidential election have reached a new high of 63%. Since the start of the talks, the probability of Trump winning the election has increased by more than 10%.
The chances of President Biden winning a second term have dropped from 48% to 37%.
Markets believe Donald Trump will become the next president. This could have a positive impact on the price action of the TRUMP token in the future.
Source: X
News Source : ambcrypto.com
Gn bussni
