a Jeo Boden (BODEN)memecoin referring to the US president Joe Bidencrashed this Wednesday (3). At the time of writing, the cryptocurrency is trading at a decline of 31.7% in the past 24 hours.
Compared to the last 7 days, the decline reaches 76.8%a reflection of the president’s fiasco in last Thursday’s debate (27) against his rival Donald Trump.
In response to his poor performance in the debate, Biden took the blame this Wednesday (3).
“I didn’t listen to my team… and almost fell asleep on stage.”” Biden said, adding “This is not an excuse, but an explanation”According to the president, he traveled to several countries before the event, which made him tired.
Joe Biden Could Be Replaced, President’s Memecoin Is Collapsing
Shortly after the debate against Donald Trump, many people suggested that President Joe Biden should give up his re-election bid. Data from Polymarketa prediction market, be aware of that the chance of this happening was only 20% last week, but today the chance is 60%.
One of the biggest names would be Michelle Obamawife of former President Barack Obama. However, Kamala Harristhe current Vice President of the United States, emerges as the best choice.
At Polymarkt, politics already seems to have a better chance of winning than Joe Biden himself. Donald Trump appears to be in the lead with 61%, according to bets that have already collected a volume of R$1.2 billion (US$216 million).
With this, memecoin Jeo Boden (BODEN) works with a daily drop 31.7%as if Biden was ready to be forgotten by this degenerate market.
Kamala Harris meme coins hit the market
As the memecoin market continues, several cryptocurrencies have been linked to it Kamala Harris show a strong increase this Wednesday (3). The main incomes vary between 193% The 536%.
Despite the jokes, cryptocurrencies are playing a fundamental role in the US elections. This is because Donald Trump has shown himself to be a defender of the sectorunlike what the current Biden administration has done.
Speculators try to profit from all these movements, whether it is prediction market, memecoins or in a more conservative way. For example, Standard Chartered Bank Believes Bitcoin Could Hit $150,000 With Trump Win.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
