TRUMP beats BODEN in memecoin competitiveness: Here is the breakdown

  • The debate among the two candidates has led to a substantial drop in the charges of TRUMP and BODEN.
  • TRUMP’s reputation has witnessed a drop in the latest days.

The current Presidential discussion in the United States has taken social media by storm. Memes and jokes about the presidential candidates have been flooding many platforms.

The Story of TRUMP and BODEN

Amidst all the buzz, the focus all over the PolitiFi memecoins TRUMP and BODEN, which are tied to the presidential candidates, has professional a significant surge in the previous few times.

Even so, not all the attention that these tokens received was favourable. Over the final 24 several hours, the value of the BODEN token dropped by 26%. Despite the fact that this lower was steep, it did not occur as a unexpected shock.

Starting up from July 31st, the price tag of BODEN started to decrease. The pattern showed numerous decrease lows and reduced highs, signaling a bearish craze.

At this time, BODEN is trading at $.08186. The Relative Energy Index for BODEN has drastically lessened, indicating a lower in bullish desire to BODEN.

On top of that, the Chaikin Cash Move for BODEN has also proven a decrease, suggesting that the cash flowing into BODEN has diminished noticeably.

Source: Trading Check out

TRUMP, on the other hand, did not expertise as sizeable a drop in rate as BODEN. In the very last 24 hrs, the selling price of TRUMP declined by 7%. While the lower was noteworthy, it was relatively scaled-down in comparison to the new motion in BODEN’s price.

Related to BODEN’s selling price craze, the TRUMP token also displayed indicators of a bearish pattern in advance of the selling price drop. Furthermore, the social quantity surrounding the token lessened, indicating a reduce in popularity for the TRUMP token.

On top of that, the weighted sentiment encompassing the TRUMP token also declined, suggesting that the negative reviews outweighed the beneficial types at the present-day time.

Supply: Santiment

What Lies Forward?

Irrespective of the TRUMP token dealing with troubles in social media metrics, the presidential prospect it signifies is executing nicely.

Current details implies that Donald Trump’s chance of profitable the 2024 Presidential Election has achieved a new significant of 63%. Due to the fact the conversations commenced, Trump’s odds of successful have enhanced by in excess of 10%.

The odds of President Biden securing a second term have diminished from 48% to 37%.

Industry sentiment implies that Donald Trump could be the subsequent president. This could have a favourable influence on the rate motion of the TRUMP token in the long run.

Source: X

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