Joe Biden's influence extends beyond politics as indicated by recent cryptocurrency developments. His likeness inspired the
meme coin 'Jeo Boden' which saw a
75% gain, leaving rival coins, including Dogecoin, in its wake. The price fluctuated wth his
political antics, specifically his exit from the election race which wiped $67M of crypto long positions in 30 minutes. The 'Boden' memecoin soared over 160,000% in response to such dramatic news. However, Biden's stance towards
Bitcoin isn't entirely supportive as evidenced by his threats to veto laws allowing Firms to hold the cryptocurrency. Biden's departure from the race sparked a
volatile reaction in the meme coin market, as the 'Boden' memecoin and related coins saw considerable slump. Trump-related coins like the 'MAGA Coin' also saw a dip. Financial firms look at Bitcoin as a safe haven amidst these developments. Biden's policies notably his proposal for a
crypto mining tax and Bitcoin-related laws have been met with considerable opposition. Even political rivals and senators are intervening, albeit each with their own motivation. Yet, it's undeniable how his actions have shaped
cryptocurrency trends, to the point of influencing betting odds on platforms like Polymarket. Amidst all this, other cryptocurrencies continue to make waves,
Trader Joe for instance, which managed to surpass PancakeSwap and become the second-largest DEX.
JOE Coin News Analytics from Tue, 08 Feb 2022 08:00:00 GMT to Tue, 01 Oct 2024 16:23:27 GMT -
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