JOE Coin, inspired by popular grocery chain
Trader Joe’s, has been in the limelight due to a legal dispute over trademark infringement. Events escalated after
Trader Joe's announced plans to sue a cryptocurrency project unaffiliated to its brand, causing the coin to plummet. Another concern is President
Joe Biden’s seemingly unfavourable stance towards cryptocurrencies, with critics stating he is trying hard to kill crypto. This has fuelled the production of meme coins that mock him or symbolize opposition, with Donald Trump being invoked as a potential saviour of the crypto industry. Based on price charts and market cap data, however, reports indicate a massive growth in the value of these meme coins, such as Jeo Boden, hitting a 160,000% increase this month. Growth is also tied to political speculation heating up ahead of the 2024 General Election. Conversely,
Biden’s potential veto of legislation allowing financial firms to custody bitcoin could pose threats to crypto regulation. Notably,
Trader Joe’s DeFi exchange launching on Ethereum sparked a significant surge in its token value.
Joe Lubin, co-founder of Ethereum, has shed optimism on the momentum of the crypto industry that he describes as unstoppable, confirming crypto to be a core American issue. Furthermore, the introduction of AI agents by Palantir co-founder, Joe Lonsdale, could make them major buyers of crypto.
JOE Coin News Analytics from Fri, 09 Jul 2021 07:00:00 GMT to Wed, 03 Jul 2024 16:46:17 GMT -
Rating 2
- Innovation 6
- Information 7
- Rumor -3
