Crypto Analyst Says These Memecoins Could Be the “Biggest Story” From November’s US Election

A widely followed crypto trader says the build-up to November’s US presidential election could send two memecoins soaring.

Pseudonymous crypto analyst Altcoin Sherpa tell his 216,000 subscribers on the social media platformASSET) and Jeo Boden (BODEN) could outperform due to election year enthusiasm.

TRUMP is taking inspiration from former President Donald Trump, who is running for president again. BODEN is inspired by US President Joe Biden, running for re-election against Trump and referencing a misspelling of his name.

“Current meme strategy for me: concentration in one sector, American politics. I own TRUMP and want to buy BODEN. This should be the most important story when the elections begin in earnest later this year. Trump will constantly be in the news and doing his usual antics.

Meanwhile, blockchain analytics platform Santiment is to remark an apparent correlation between the price action of the two memecoins and the behavior of the two candidates.

“Much of the attribution for these latest memecoin surges goes to Donald Trump and his pro-crypto backers. As noted, Trump mentions have climbed near the cryptocurrency’s local bottom, alongside Biden, whose anti-crypto policies traders fear.

Source: Santiment/X

TRUMP is trading at $5.40 at the time of writing, down more than 7% in the last 24 hours. BODEN is trading at $0.303 at the time of writing, down slightly on the day.

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