Atlas Angle

Charting Truth: Atlas Angle Unveils Every Angle

Trump and Biden-themed cryptos and memecoins faring today

Today, how are cryptos and memecoins influenced by Trump and Biden faring?

Trump saw a considerable uptick in price as public interest swelled, while Boden faced a notable downturn in its price over the past 24 hours. With the upcoming U.S. presidential elections, many cryptocurrency traders and investors have capitalized on significant profits in recent months. Memecoins like Trump and Boden have swiftly garnered attention in the cryptocurrency sphere, capturing the interest of many in just a short span.

 

Recent statements attributed to Donald Trump regarding cryptocurrencies could potentially explain the performance of these memecoins. The former U.S. President reportedly announced his intention to accept campaign contributions in cryptocurrencies. Videos shared by Frank Degods, an NFT creator and influencer, depict Trump assuring a group of his NFT buyers about his plans to facilitate crypto donations for his campaign. During this event, Trump voiced his support for cryptocurrencies, contrasting this with President Joe Biden’s perceived lack of familiarity with digital assets. He urged crypto enthusiasts to rally behind him, emphasizing his dedication to the crypto community.

These statements were purportedly made at an event organized by Trump to meet and dine with purchasers of his “Mugshot Edition” NFTs. Attendees, who reportedly purchased over 47 NFTs priced at $99 each, were invited to join Trump during a break from his trial proceedings. Trump also claimed credit for revitalizing interest in NFTs, asserting his role in making them popular once again.

 

Responding to inquiries about the U.S. crypto industry, Trump allegedly pledged to advocate for keeping crypto businesses within the country. He expressed concerns about potential regulatory hostility leading to the departure of crypto ventures and vowed to prevent such an exodus.

Data analysis indicates that at the time of reporting, Trump was trading at $5.87, marking a 25.53% decrease in price over the last 7 days. The token’s popularity was evident in its social volume, which surged significantly in recent days, according to AMBCrypto’s analysis of Santiment’s data. Additionally, the weighted sentiment surrounding the token also experienced growth, indicating that positive comments about Trump outweighed negative ones.

 

In contrast, Boden did not experience similar growth, witnessing a 10.97% decrease in price in the last 24 hours. These tokens are expected to undergo heightened volatility until the conclusion of the elections.

Leave a Reply

Your email address will not be published. Required fields are marked *