Election Time Impression: BODEN Surpasses SHIB, PEPE, WIF on Solana

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Pleasure bordering BODEN and TRUMP mounts as the U.S. elections draw in the vicinity of.
Social excitement for coins like WIF, PEPE, and SHIB has tapered off.

The meme coin realm has been a buzzworthy sector in the crypto planet, but in the the latest working day, a the vast majority of the cash within just this house experienced a downtrend.

Interestingly, Solana’s [SOL] Jeo Boden [BODEN] was the sole top rated 15 meme coin that failed to see a lower in the previous 24 hours. BODEN was buying and selling at $.3479, showcasing an extraordinary 18% selling price boost.

In the meantime, the TRUMP meme coin was soaring at $6.23, evidencing a major 43.07% surge in the identical timeframe.

With the U.S. presidential elections approaching, tokens like TRUMP and BODEN could see improved level of popularity, possibly impacting other meme cash negatively.

On the other hand, put up-elections, there could be a sizeable crash in the costs of these tokens, resulting in significant losses for holders.

Image Supply: X

The buzz all over these tokens could overshadow well known meme coins like SHIB, PEPE, and WIF.

Analyzed details from Santiment revealed a important decrease in social volume for all 3 tokens around the past 3 months.

WIF and PEPE had the least expensive social quantity at existing, with SHIB exhibiting slightly greater overall performance.

Impression Supply: Santiment

One more essential aspect impacting SHIB, PEPE, and WIF would be the sentiment bordering these tokens.

The Weighted Sentiment for SHIB and PEPE was notably large, signaling a surge in good feed-back about these tokens just lately.

Conversely, WIF’s Weighted Sentiment took a notable dip in the very last several times, indicating an boost in criticisms focusing on the token.

The future trajectory of these tokens will heavily hinge on their popularity and the sentiment encompassing them.

Graphic Supply: Santiment

Checking out cost trends

At present, SHIB was investing at $.00002274, witnessing a .28% lower around the earlier day.

The cost actions of all a few tokens exhibited sturdy correlation and similarity in the latest months.

Right after a downward trend from April 25th, the token selling prices ongoing to decrease until Might 1st, followed by a slight recovery in price ranges throughout the board.

Impression Resource: Santiment

The potential value actions of these tokens will heavily count on the momentum they draw in.

Browse Shiba Inu’s [SHIB] Selling price Prediction 2024-25

The RSI for all these tokens showed parallel actions more than recent months, going through a noteworthy surge. This surge details in the direction of bullish momentum driving the the latest price motion of the tokens.

Nevertheless, a substantial RSI could counsel overbought situations, which may pose difficulties for the tokens in the long run.

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