The presidential debate precipitated costs of each TRUMP and BODEN to say no considerably.
Reputation of TRUMP waned, over the previous few days.
The latest U.S. presidential debate has taken the web by storm. Memes and jokes about each presidential candidates have flooded social media platforms.
Saga of TRUMP and BODEN
Amid all the thrill, consideration round PolitiFi memecoins TRUMP and BODEN, that are based mostly on the presidential candidates, surged materially in the previous few days.
Nevertheless, not all the eye these tokens acquired was optimistic. Within the final 24 hours, the worth of the BODEN token fell by 26%. Regardless that this decline in worth was drastic, it wasn’t sudden.
After the thirty first of June, the worth of BODEN started to spiral. Throughout this era, the worth of BODEN exhibited a number of decrease lows and decrease highs, indicative of a bearish development.
At press time, BODEN was buying and selling at $0.08186. The Relative Energy Index for BODEN declined materially throughout this era, indicating that the bullish curiosity in BODEN had waned.
Furthermore, the Chaikin Cash Move for BODEN additionally decreased which advised that the cash flowing into BODEN had fallen materially.
Supply: Buying and selling View
TRUMP nonetheless, didn’t see a decline in worth as important as BODEN. Within the final 24 hours, the worth of TRUMP fell by 7%. Regardless that this decline in worth was important, it was meager in comparison with BODEN’s latest worth motion.
Nevertheless, similar to BODEN’s worth motion, the TRUMP token additionally confirmed indicators of a bearish development earlier than its worth fell so materially. Coupled with that the social quantity across the token additionally declined, indicating that the recognition across the TRUMP token had waned.
Furthermore, the weighted sentiment across the TRUMP token had additionally decreased, implying that the unfavourable feedback round TRUMP outnumbered the optimistic ones at press time.
Supply: Santiment
What’s subsequent?
Regardless that the TRUMP token wasn’t doing properly when it comes to social media metrics, the presidential candidate that the token is predicated on, was doing comparatively properly.
Current figures present that Donald Trump’s probabilities of profitable the 2024 Presidential Election have risen to a brand new excessive of 63%. For the reason that discussions started, the chance of Trump profitable the election have elevated by greater than 10%.
The percentages of President Biden profitable a second time period have dropped from 48% to 37%.
Markets consider Donald Trump will turn out to be the subsequent president. This might impression the worth motion of the TRUMP token positively going ahead.
Supply: X
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