Jeo Boden ($BODEN), a recently popular meme coin parodying incumbent US President Joe Biden, has risen 20% overnight amidst anticipation for this fall’s presidential election.
Boden currently sells for about $0.04964 a token, some 18% higher than it was this time yesterday. At this price, the token has made a 175% jump from the recent lows.
That means Biden’s unofficial meme coin did better overnight than Trump’s. Doland Tremp ($TREMP) only rose 10%, although it’s about 10% down from its price seven days ago as it trades at $0.4333.
This hasn’t stopped $TREMP from commanding more of the market. $TREMP currently has a market cap of about $43.3 million, making it the 646th largest cryptocurrency in the world.
By comparison, $BODEN has a market cap of $33.8 million, making it the 725th largest.
Both parodic meme coins are currently outperforming the market leaders for gains. Bitcoin ($BTC) only grew 0.6% overnight, while shedding about 3.1% over the week to trade at $58,666 as of this writing.
Original meme coin Dogecoin ($DOGE) grew 1.2% overnight and fell about 10% over the week to trade at $0.1091.
Jeo Boden’s Campaign Rally
Since launching on March 9 at a price of around $0.06, Jeo Boden has had an erratic performance, rising to very briefly hit an all-time high 0f $1.04 on April 8.
Today’s price reflects a pullback of 95%, although a mention of the token by Biden’s Republican challenger Donald Trump caused a brief and unsustained surge back in early May.
In the last month, $BODEN has slipped below the $0.20 threshold, where it now faces strong resistance. The price appears to be spiraling further still, with current support as low as $0.02, as seen by the green line.
Source: TradingViewA Relative Strength Index (RSI) of 38 and falling suggests some recent selling activity is now taking place which will further depreciate the price once momentum on this overnight rally has cooled off.
As Jeo Boden Fights With Doland Tremp, Newcomer WienerAI Brings Value To Meme Coins
Boden and Tremp will probably have more mileage until the end of the election period. The vote is scheduled for November 5.
Beyond that, they offer very little value to holders beyond topical viral appeal.
However, those wishing to diversify their meme coin portfolios with a token that has real fundamentals could do well to look into WienerAI, a coin that adds AI utility to its viral appeal to unlock some potentially mouth-watering gains.
WienerAI is more than just another dog-themed coin. He’s a next-generation crypto project that offers crypto fans the most advanced, beginner-friendly AI trading bot in crypto.
Owners benefit from user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.
His presale is approaching its fourth month, and has so far taken over $7.3 million in investments.
Moreover, Blockchain security platform Coinsult audited WienerAI’s smart contract.
WienerAI’s website offers buyers the ability to stake during the presale in order to take advantage of the mouth-watering yield, which is currently 155% APY.
This makes $WAI a far better proposition than Jeo Boden.
Grab the golden bone before it’s too late!
Join WienerAI now and secure your spot in the trading revolution pic.twitter.com/aLh8M4VxHj
— WienerAI (@WienerDogAI) July 9, 2024
The token currently sells at a fixed presale price of $0.000726 on the website.
Interested investors have just over a day to buy in before it rises to the next fixed price. When the presale ends, the sky’s the limit on potential appreciation.
Keep on top of WienerAI news over on X and Telegram.
Join WienerAI Here
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