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Crypto vs. Dollar

📌 BODEN wins against SHIB, PEPE and WIFE: what are the implications for the election season?

BODEN and TRUMP have risen significantly as the US election approaches. Shib

– BODEN and TRUMP have risen significantly as the US election approaches.

Social volumes of tokens such as WIF, PEPE and SHIB declined.

The memecoin sector has been one of the most popular sectors in the crypto space, but over the past 24 hours, most of the coins in this sector have turned red.

Surprisingly, Geo Boden’s Solana [SOL] memecoin was the only one of the top 15 memecoins that did not turn red in the last 24 hours. At the time of the announcement, BODEN was trading at $0.3479, up 18% .

Additionally, the memcoin TRUMP was trading at $6.23, up 43.07% in the last 24 hours.

As the US presidential election approaches, the popularity of tokens such as TRUMP and BODEN may increase, while other memcoins may suffer.

However, once the election is over, the prices of these tokens could fall significantly and their holders could suffer significant losses.

The hype surrounding these tokens could reduce the market share of popular meme coins such as SHIB, PEPE and WIF.

AMBCrypto’s analysis of Santiment data shows that the social volume around these three tokens has dropped significantly over the past three months.

At the time of writing, WIF and PEPE had the lowest social volumes, while SHIB had negligible results.

Another factor that has a significant impact on SHIB, PEPE and WIF is the sentiment around these tokens.

The sentiment-weighted indices for SHIB and PEPE are extremely high, indicating a significant increase in positive comments around these tokens over the past few days.

However, the sentiment weighted index for WIF has dropped significantly over the past few days, implying a significant increase in criticism around this token.

The popularity and sentiment of these tokens will play an important role in determining what the future holds for these tokens.

At the time this article was published, SHIB was trading at USD 000002274 and its price has fallen by 0.28% in the last 24 hours.

The price movements of these three tokens are highly correlated and have shown significant similarities over the past few weeks.

Having fallen in price since April 25, the price of these tokens continued to decline until May 1. After that, the prices of all tokens recovered slightly.

The future price movement of these tokens will also largely depend on the dynamics of their exchange rate.

Bitcoin

Bitcoin

$62,313.70

BTC -3.19%

Ethereum

Ethereum

$3,365.63

ETH -4.00%

Binance Coin

Binance Coin

$568.37

BNB -3.78%

XRP

XRP

$0.47

XRP -3.38%

Dogecoin

Dogecoin

$0.12

DOGE -4.44%

Cardano

Cardano

$0.37

ADA -3.82%

Solana

Solana

$124.51

SOL -7.34%