Joe Coin, a meme coin themed around
Joe Biden's presidency, is seeing major volatility following Biden's withdrawal from the race. The resultant market turbulence caused the memecoin, dubbed
BODEN, to decrease by 99% from its peak value.
Bitcoin, however, experienced a surge as crypto bulls capitalized on Biden's exit. This action contradicts previous speculations about Biden's negative stance on cryptocurrencies, as stated in discussions surrounding potential legislation vetoing financial firms from holding Bitcoin. The impact of political maneuvers on
memecoin values has become evident, with
Kamala Harris-inspired meme coin
KAMA witnessing a surge post Biden’s exit. The satirical meme coin market has benefitted in general, with coins linked to both Biden and
Donald Trump showing significant growth. A
leaked report suggests that Biden might be planning a significant move in the crypto space which could alter the prices of Bitcoin, Ethereum, and XRP. Amidst all the political upheaval, the crypto community, including industry leaders and figures like
Ethereum co-founder
Joe Lubin and entrepreneur
Mark Cuban, continues to debate who would be more beneficial for Bitcoin: Biden or Trump.In the meantime, Biden's exit has led to a notable rise in speculative trading surrounding potential outcomes. These include an increasing trend in betting on Harris as the potential Democratic Presidential nominee.Finally, the
Trader Joe, a decentralized exchange on
Avalanche, is gaining traction despite unrelated legal complexities with popular grocery store chain Trader Joe’s.
JOE Coin News Analytics from Tue, 10 Oct 2023 07:00:00 GMT to Tue, 30 Jul 2024 14:32:47 GMT -
Rating -5
- Innovation -3
- Information 7
- Rumor -4
