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- The Donald Trump-inspired TRUMP token has surged by over 242.9% in a month and 17.9% in per week.
- The Joe Biden-inspired BODEN has set a each day excessive of 289.38% forward of the US Presidential Election.
- TRUMP and BODEN are thought of the prediction markets that can be impacted by the election outcomes.
Amid anticipation of the 2024 US presidential election through which Donald Trump and Joe Biden are key rivals, memecoins representing them are making waves within the crypto market. Over the previous month, Donald Trump’s TRUMP token has achieved substantial beneficial properties regardless of a latest downturn. Presently buying and selling at $7.59, the memecoin has marked a month-to-month improve of 242.9% and a weekly surge of 17.9%. Although TRUMP has marked a 24-hour decline of 21.4%, within the final 1 hour, the token has seen a modest hike of three%.
TRUMP’s rise has led the best way to newer memecoins like Joe Boden (BODEN). Solana-based BODEN is at the moment main the pack, sitting at $0.05671 after an astounding 24-hour improve of 289.38%.
In a latest submit, a person identified on X as “qw” commented on these memecoins’ position as “prediction markets.” He asserted that if Trump wins, TRUMP will skyrocket, inflicting BODEN to dip. Equally, if Biden wins, TRUMP will decline, and BODEN will pump.
TRUMP and BODEN’s rallies comply with the resurgence of memecoins like PEPE and SHIB. Whereas SHIB exhibited a development of greater than 100% within the final week, PEPE elevated by over 400%.
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