Amid swirling rumors about Joe Biden’s death, decentralized exchange (DEX) markets are buzzing with activity, particularly with the rise of Joe Biden meme coins, as traders seek clarity on the speculation surrounding the President’s condition.
This article will analyze current price trends surrounding Joe Biden meme coins and examine whether an innovative new meme coin, Pepe Unchained, represents a more promising investment opportunity for long-term value accrual at this time.
#ChatGPT has confirmed that Joe Biden has been dead since July 11th 2024, bid all meme coins, they tried hiding it from us. #joebiden #memecoin #sol pic.twitter.com/EAN7pWubpK
— unknownidentity (@unknownbudzz) July 23, 2024
Rumors are circulating like wildfire across the internet that the former US President – who surprised the world with a withdrawal from the US Presidential Election race earlier this month – is, in fact, dead.
Yet, with the unverified claims sparking favored internet speculation, search volumes for ‘Is Biden Dead’ and ‘Joe Biden is Dead’ have fuelled creativity amongst ever-on-trend meme coin makers in the politiFi space.
Kamala Harris Steals The Spotlight – And Not Just in the Democrat Party
The Vice President has skyrocketed into the limelight in more ways than one, as a meme coin named ‘Kamala Harris’ has surged to the top of daily gainers on ERC-20 meme coin markets.
So far, HARRIS’s price has mounted an impressive +113% daily gain amid a tidal wave of donations to her rapidly emerging replacement Presidential campaign.
This could emerge as a strategic play, especially at a present market cap of $11.54m, with many eagle-eyed meme coin traders re-positioning for significant growth as the November race intensifies.
Better still, a successful consolidation above $0.000025 seems set to cool off the RSI over the course of the afternoon, potentially priming this coy play for further gains into the week ahead.
BODEN Implodes: Retail Investors Drop The Once Hopeful PolitiFi Meme Coin
In another volatile move, Jeo Boden (BODEN) is continuing to implode following the President’s surprise withdrawal. Many holders are left in shreds as their once perfectly positioned investment crumbles in their wallets.
This highlights the added risk of investing in the PolitiFi space, with more forces than simple market dynamics underpinning the risk proposition of your investment.
Despite the downturn, BODEN remains at a $9M market cap, so exit while you still can.
Joe Biden Dead (BIDEAD) Token Dominates The Day’s PolitiFi Trades
However, the real star of the PolitiFi market today is the high-flying, quick-fire conspiracy coin aptly named ‘Biden Dead‘ (BIDEAD).
In the ever-whimsical meme coin space, this freshly launched PolitiFi token has caught the humor and skepticism of crypto traders. A huge influx of $45k in capital triggered a 6,000% rally.
However, this meme coin play appears characteristically short-lived, with a seismic dump 15 hours into the trading crumbling chart structure and leaving 1,560 holders underwater – only an organic community takeover can save them now – or miraculous confirmation of Biden’s mysterious disappearance.
Indeed, with the simple appearance of the man himself, it is likely that “Joe Biden dead” meme coins will likely plummet.
But while PolitiFi meme coins remain high-risk and short-lived, there are still some high-quality meme coin investment opportunities available in the market that can produce huge gains into the unfurling bull run.
Here’s How Pepe Unchained Could Be the Best Strategic Long-Term Meme Coin Hold
One such meme coin project capturing the hearts and minds of retail investors is Pepe Unchained (PEPU).
This is a significant opportunity emerging in the Summer market, with investors currently able to climb aboard at the early-bird stage of a $5m market cap – presenting huge 100x growth opportunity over the course of this year.
Pepe Unchained raises $5M in in just weeks!
Thanks to your amazing support, Pepe's blockchain journey is just beginning
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.