‘Jeo Boden’ Meme Coin Soars 20% After Trump Diss – Details
May 11 2024 - 2:00PM
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The memecoin “Jeo Boden” has taken the crypto world by storm,
riding on the back of a lukewarm comment from former US President
Donald Trump. The whimsical cryptocurrency, a playful misspelling
of President Joe Biden’s name, experienced a huge increase after
Trump mentioned it at an NFT event in Florida. What was once a
subject of amusement has now become a serious investment, as Boden
surged 20% following Trump’s offhand remark. Related Reading: $20
On The Horizon For XRP? Unpacking A Potential 650x Surge And What
It Means Trump Rally Or Fleeting Frenzy? Analysts Divided The
cryptocurrency community has been divided over the impact of
Trump’s mention of Boden. Some analysts, such as Samantha Wilkins,
believe that any mention from a prominent figure like Trump is
positive for the memecoin. They contend that Boden has shown to be
a tenacious and astute investment, and that the excitement around
it has only grown as a result of Trump’s remark. Trump Speaks on
$BODEN at NFT Event “That’s a Lotta Money for a Coin, I Don’t Like
That Investment” Audio Source: @realDannyNelson
pic.twitter.com/8NcpuCc6ZI — db (@tier10k) May 9, 2024 However,
some experts remain skeptical. They caution that Boden’s value is
built on hype rather than utility, making it susceptible to swift
market shifts. A single negative tweet from Trump or a change in
market sentiment could cause Boden to come crashing down as quickly
as it rose. Will Trump Re-Boden The Market? Adding another layer of
intrigue to the Boden saga, the prediction platform Polymarket has
created a contract speculating on the likelihood of Trump
mentioning the memecoin again before July. Currently, the
contract’s “yes” shares are trading at $0.05, indicating an 11%
chance that Trump will utter the word “Boden” in the coming months.
Source: Polymarket This unique situation presents an unusual
scenario where the value of a memecoin hinges on the whims of a
former president. If Trump revisits Boden in a future speech or
tweet, it could trigger another surge in price. However, if he
remains silent, the current hype surrounding Boden may fizzle out,
leaving investors holding a depreciating digital punchline. Jeo
Boden is currently trading at $0.2799. Chart: TradingView Boden: A
Gamble On Speculation The rise of Boden serves as a cautionary tale
for memecoin enthusiasts. While these tokens can offer explosive
returns, their value is often tied to fleeting trends and external
factors beyond their control. With the enigmatic Trump as a
wildcard influence, the future of Boden remains uncertain. Related
Reading: XRP All Talk, No Action? Social Media Booms, But Price
Stuck In The Bear Pit Investors eagerly await the next chapter in
this bizarre crypto story, as the saga of Boden continues to
unfold. It is a gamble on speculation, where the coin’s value
dances on the edge of uncertainty. The Boden phenomenon highlights
the unpredictable nature of memecoins and the risks associated with
investing in such volatile assets. Featured image from Reddit,
chart from TradingView
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