Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
TopCryptoNews
--ポ13.9k views
🔥 Analyst Predicts Rise of Meme Coins Ahead of US Presidential Elections One of the closely followed cryptocurrency analysts has turned his attention to the US presidential elections. The analyst commented that two meme coins could rise ahead of the US presidential elections in November. 🔸 Analyst’s Meme Coin Comments Altcoin Sherpa, a well-known crypto analyst, told thousands of users on the social media platform X that the MAGA (TRUMP) and Jeo Boden (BODEN) meme tokens could show better price performances due to the excitement of the election year. Firstly, it should be noted that the meme coin named TRUMP is inspired by the former president and re-candidate Donald Trump. It can be said that BODEN is inspired by Joe Biden, who is running against Trump again. The misspelling of the name here does not go unnoticed. 💬 "My current meme strategy: focus on one sector, US politics. I own TRUMP and want to buy BODEN. When election events really start later this year, this should be the biggest narrative. Trump will be constantly in the news doing his usual antics." Meanwhile, the analysis platform Santiment, which reviews meme coins, reveals a clear correlation between the price movements of the two meme coins and the behaviors of the candidates in real life. 💬 "Most references to these recent meme coin rises go to Donald Trump and his crypto-friendly endorsements. As seen, Trump’s words, along with Biden, who traders fear for his anti-crypto policies, have driven the cryptocurrency to rise near its local bottom." 🔸 Price Outlook for Meme Coins Examining the meme coins highlighted by the analyst, TRUMP has risen more than 11% in the last 24 hours and is currently trading at $5.40. TRUMP’s market cap has exceeded $265 million, while its trading volume is only $7 million. BODEN, on the other hand, finds buyers at $0.3219 following a 10% increase, boosting its market cap to $240 million. Despite the price increase, BODEN’s 24-hour trading volume has dropped by 50% to $13 million. #meme #memecoins

🔥 Analyst Predicts Rise of Meme Coins Ahead of US Presidential Elections

One of the closely followed cryptocurrency analysts has turned his attention to the US presidential elections. The analyst commented that two meme coins could rise ahead of the US presidential elections in November.

🔸 Analyst’s Meme Coin Comments

Altcoin Sherpa, a well-known crypto analyst, told thousands of users on the social media platform X that the MAGA (TRUMP) and Jeo Boden (BODEN) meme tokens could show better price performances due to the excitement of the election year.

Firstly, it should be noted that the meme coin named TRUMP is inspired by the former president and re-candidate Donald Trump. It can be said that BODEN is inspired by Joe Biden, who is running against Trump again. The misspelling of the name here does not go unnoticed.

💬 "My current meme strategy: focus on one sector, US politics. I own TRUMP and want to buy BODEN. When election events really start later this year, this should be the biggest narrative. Trump will be constantly in the news doing his usual antics."

Meanwhile, the analysis platform Santiment, which reviews meme coins, reveals a clear correlation between the price movements of the two meme coins and the behaviors of the candidates in real life.

💬 "Most references to these recent meme coin rises go to Donald Trump and his crypto-friendly endorsements. As seen, Trump’s words, along with Biden, who traders fear for his anti-crypto policies, have driven the cryptocurrency to rise near its local bottom."

🔸 Price Outlook for Meme Coins

Examining the meme coins highlighted by the analyst, TRUMP has risen more than 11% in the last 24 hours and is currently trading at $5.40. TRUMP’s market cap has exceeded $265 million, while its trading volume is only $7 million.

BODEN, on the other hand, finds buyers at $0.3219 following a 10% increase, boosting its market cap to $240 million. Despite the price increase, BODEN’s 24-hour trading volume has dropped by 50% to $13 million.

#meme #memecoins

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Replies 3
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
TopCryptoNews
@TopCryptoNews

Explore More From Creator

💥 Worldcoin’s Privacy Pivot: Iris Codes Deleted As Part Of Major Security Upgrade The Worldcoin Foundation has released a new open-source system to safeguard sensitive information more effectively. This system, now accessible in a GitHub repository, allows any organization to adopt these advanced data protection measures. The foundation highlighted that this initiative aims to establish a “new benchmark” in data security, particularly for biometric data. The transition to this innovative system has led the Worldcoin Foundation to delete the iris codes previously collected during user registration. Notably, participants in the Worldcoin project initially had their eyeballs scanned by specialized Orb devices to verify their identity and receive WLD tokens, the project’s cryptocurrency. This process was part of the foundation’s effort to create a unique digital identification for each user. 🔸 Secure Multi-Party Computation And User Privacy The foundation’s new system is based on secure multi-party computation (SMPC), a subset of cryptography that enhances data protection by distributing a single secret across multiple parties. This method increases the security of stored information by ensuring that the complete data set is never held in a single location, thereby reducing the risk of data breaches. The Worldcoin Foundation, in collaboration with technologists from TACEO and Tools for Humanity, has developed a new implementation of SMPC that addresses previous limitations related to scale and cost. This development is particularly pertinent as the requirement for individuals to provide biometric data to various organizations becomes more common. The Worldcoin Foundation stressed the growing need to protect users’ data securely against potential threats and misuse. Meanwhile, prior to this development, Worldcoin was scrutinized by regulatory bodies across several nations, particularly due to concerns over its data collection practices. $WLD #WLD
--
🐋 Whales Boost PEPE Coin Holdings Prominent cryptocurrency investors, often referred to as “whales,” have been significantly accumulating Pepe Coin (PEPE) over the past month. This heavy buying activity has driven the price of PEPE to new heights. According to data from IntoTheBlock, wallets holding more than $100,000 worth of assets have notably increased their PEPE acquisitions, resulting in 100% of current PEPE investors being in profit. The coin’s value recently hit an all-time high of $0.00001156 before experiencing a slight correction. 🔸 Why Are Whales Interested in PEPE Coin? On-chain analysis platform Lookonchain has highlighted notable transactions, including a whale purchasing 520 billion PEPE coins valued at $5.28 million from Binance on May 15. This whale is identified as a long-term investor, not a trader, and has been steadily increasing its holdings without selling any tokens. Despite suffering a net loss of $6.1 million, the whale has maintained a positive outlook with a 50% gain rate on five of the ten tokens acquired. 🔸 What Signals Do Large Purchases Send? Further significant acquisitions were reported, including a wallet linked to BlockTower Capital, which bought 202 billion PEPE worth $2.2 million through the trading firm Cumberland. Despite the coin achieving its peak price, large-scale purchases continued to pour in, leading to speculation about the future actions of these major investors. Data shows that all PEPE investors are currently in profit, raising questions about potential sell-offs by these whales. 🔸 Key Insights for Investors Wallets with over $100,000 have increased PEPE holdings, driving the price to new highs.A whale purchased 520 billion PEPE coins worth $5.28 million, signaling confidence in future gains.BlockTower Capital acquired 202 billion PEPE coins, indicating institutional interest despite previous setbacks.100% of PEPE investors are in profit, prompting concerns about possible profit-taking by whales. $PEPE #pepe #memecoin
--
Ethereum Bulls On The Rise? Crucial Indicator Point To A Major Upturn Ethereum (ETH), the second-largest crypto by market capitalization, has recently shown signs that suggest a potential rebound is on the horizon. Analysts have been closely monitoring various technical indicators, and one such analyst, Ali, has highlighted a key signal that points to an impending price surge. However, Ethereum remains below the critical $3,000 mark. Despite the optimistic technical signals, external factors such as regulatory challenges could influence Ethereum’s trajectory. Specifically, the potential decline of the spot Ethereum ETF application with the US Securities and Exchange Commission (SEC) is a concern, as analysts like Eric Balchunas of Bloomberg suggest that the SEC’s view of ETH as a security could significantly lower the chances of ETF approval. 💬 TLDR: the SEC asked commenters re the Eth spot ETFs whether these filers have properly filed their ETF listing proposals as commodities. This shows the SEC is perhaps considering to Eth is a security in their denial. Our odds of approval remain the same: slim to none. Nice job of… — Eric Balchunas Market Sentiments And Options Trading Trends While the regulatory landscape presents challenges, market sentiment around Ethereum remains largely bullish. The options market, in particular, shows a clear preference for calls over puts, indicating that traders are betting on Ethereum’s price increase. Data from Deribit, a leading crypto options exchange, reveals that the most popular strike price among these bullish bets is an ambitious $6,500. This concentration of call options, especially those above the $3,600 mark, suggests that a significant portion of the market expects Ethereum to reach higher levels by the end of June. In contrast, According to a recent NBTC analysis, Ethereum’s failure to breach the $2,925 resistance level could trigger another price decline. Initial support is located near the $2,880 level, followed by major support at the $2,860 zone. $ETH #ETH
--
📈 Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally BTC climbed to its highest price since April 24, while Solana's SOL and NEAR led crypto gains. Bitcoin could target the $84,000 level with altcoins performing well, Swissblock said. Crypto markets rallied with Wednesday's as softer-than-expected U.S. inflation data jolted digital assets from their stupor. Bitcoin (BTC) surged past $66,000 for the first time since April 24, and was recently up more than 7% over the past 24 hours. Ether (ETH) changed hands near $3,000 but underperformed with a 4% advance during the same period. Solana (SOL) and near (NEAR) led gains among crypto majors with 8% and 12% jumps, respectively, and the broader market benchmark CoinDesk 20 Index (CD20) was up 6%. The rally occurred as April U.S. Consumer Price Index (CPI) figures edged lower from March, coupled with a slightly sluggish retail sales report. The data came as a relief for investors fearing that reaccelerating inflation and a red-hot economy might force the Federal Reserve to walk back its dovish pivot and even consider interest rate hikes. "Investors consider this as a bullish regime shift, as it marks the first decrease in CPI inflation over the last three months," Bitfinex analysts said in a market update. This, together with the Federal Reserve previously announcing its intention to taper the central bank's balance sheet run-off, "is seen as a favorable print for risk assets," Bitfinex added. Looking at traditional markets, U.S. equities also climbed during the day, with the S&P 500 index gaining more than 1% and hitting a fresh all-time high, underscoring the return of risk appetite. Today's bitcoin surge also marked a break-out from a downtrend that capped prices for the last few weeks, Swissblock analysts said in a Telegram update. "BTC [is] finally making the bigger move," Swissblock said. "We have been waiting for the trigger for the release of a larger structure since March high. Today we got that," referring to the CPI and retail sales numbers. $BTC #BTC $SOL $NEAR
--
🔥 Binance is proud to present Spot Copy Trading! 🔸 Binance Introduces New Spot Copy Trading Option The spot copy trading feature has been announced by Binance. With it, users can mimic the trading strategies of other traders. A comparable option was introduced on Binance Futures by the firm in October 2023. Spot copy trading is now available on Binance, a cryptocurrency exchange. 🔸 We paid attention to your request. Quoted from Binance’s May 15, 2024 tweet: According to the message, customers now have the option to directly mimic the trading strategies of seasoned traders. Binance went on to clarify how copy trading works in the futures market as opposed to the spot market: One key distinction is the nature of the assets that are exchanged. While futures traders frequently employ leverage, spot traders purchase and sell cryptocurrencies at the current market price. Potential profit and risk can both rise as a result of this. It has been confirmed that users of the exchange will have the capability to replicate the actions of ten traders simultaneously. Users will also receive a discount of 10% on trading commissions and 10% of their copy traders’ profits, according to the message. According to the company, a portfolio of experienced traders should be between $500 and $250,000, and there should be no more than 200 copy traders. Don’t forget that Binance Futures had a comparable feature when it was launched in October 2023. #Binance #trading
--

Latest News

Ripple Partners With Peersyst To Enhance XRP Ledger Sidechain
--
Shiba Inu Nears Key Resistance Levels, Potential Breakout Looms
--
XRP Cryptocurrency Approaches Critical Price Point, Potential Significant Shift Looms
--
Stellar Network Initiates Protocol 21 Activation on Testnet
--
Solana Surpasses Ethereum in Total Economic Value for a Single Day
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie