Donald Trump’s Remarks Boost Multiple Meme Token Prices: Spotlight on Key Cryptocurrencies

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3
(02:33 PM UTC)
2 min read

Contents

964 views
0 comments
  • Former US presidential candidate Donald Trump has made comments about a meme token themed around Joe Biden, causing a surge in its price.
  • Known for his opposition to Bitcoin and cryptocurrencies during his presidency, Trump has recently shown support for BTC and other digital currencies.
  • Trump also mentioned the meme token Jeo Boden (BODEN), which references a misspelling of President Joe Biden’s name, during a spontaneous Q&A session.

Donald Trump, former US presidential candidate, has made remarks about a meme token themed around Joe Biden, leading to a price surge. This comes as Trump shows increasing support for Bitcoin and other cryptocurrencies.

Trump’s U-turn on Cryptocurrencies

During his presidency, Donald Trump was known for his opposition to Bitcoin and other cryptocurrencies. However, he has recently made a complete “U-turn” and is now making supportive statements about BTC and other digital currencies. In a recent announcement, Trump stated that he would accept cryptocurrency donations for his election campaign.

Comments on the Jeo Boden (BODEN) Token

In a spontaneous Q&A session, Trump was asked about the meme token Jeo Boden (BODEN), which references a misspelling of President Joe Biden’s name. After being informed that the token has a market value of $240 million, Trump commented, “I don’t like this at all. That’s too much money for a coin; I don’t like this investment.” Following Trump’s comments, the price of BODEN rose to $0.42, but later retreated and is currently trading around $0.36, reflecting an approximately 16.5% increase over the last 24 hours.

Impact on Other Meme Tokens

Following Trump’s comments, the MAGA (TRUMP) meme token also experienced a price surge. TRUMP has seen a 35% increase in the last 24 hours and is currently trading at $5.7. It’s important to note that this is not investment advice.

Conclusion

Trump’s recent comments and increasing support for cryptocurrencies have had a noticeable impact on the market, particularly on meme tokens such as BODEN and TRUMP. As the world of cryptocurrencies continues to evolve, the influence of high-profile figures like Trump will undoubtedly continue to shape the market’s dynamics.

DK

David Kim

COINOTAG author

View all posts

Comments

Comments