Crypto Analyst Says These Memecoins Could Be the ‘Largest Narrative’ Amid the November US Elections

Crypto enthusiasts are keeping a close watch on the upcoming US presidential election in November, with one analyst suggesting that memecoins MAGA (TRUMP) and Jeo Boden (BODEN) could experience a surge in value. Altcoin Sherpa, a well-known pseudonymous trader, believes that the excitement surrounding the election could boost these meme tokens. TRUMP is inspired by former president Donald Trump, who is running for president again, while BODEN is inspired by current US President Joe Biden. Altcoin Sherpa predicts that these tokens will be the center of attention as the election draws near, with Trump’s presence in the news and his usual attention-grabbing antics. Santiment, a blockchain analytics platform, has also observed a correlation between the price fluctuations of these memecoins and the behavior of the two candidates. Trump’s pro-crypto endorsements have been associated with rises in the memecoin market, while traders fear anti-crypto policies from Biden, causing a drop in prices. At the time of writing, TRUMP is trading at $5.40, down 7% in the last 24 hours, and BODEN is trading at $0.303, experiencing a slight decrease. With the election season heating up, these memecoins are certainly catching the attention of crypto investors.