- The presidential debate caused both Trump and Bowden’s ratings to drop significantly.
- Trump’s popularity has waned over the past few days.
The recent US presidential debate has created quite a buzz on the internet. Social media platforms have been flooded with memes and jokes about both presidential candidates.
The Trump-Bowden Saga
Amid all the hype, interest in PolitiFi memecos TRUMP and BODEN, which are based on presidential candidates, has skyrocketed in the past few days.
However, not all of the attention these icons have received has been positive. In the past 24 hours, the price of the BODEN token has fallen by 26%. Although this price drop was drastic, it was not surprising.
After June 31st, BODEN price started to rise. During this period, BODEN price showed many lower lows and lower highs, indicating a bearish trend.
At press time, BODEN was trading at $0.08186. BODEN’s RSI declined significantly during this period, indicating that bullish interest in BODEN has waned.
Furthermore, Chaikin’s fund flow to BODEN has also decreased, indicating that funds flowing into BODEN have significantly decreased.
Source: Trading View
However, Trump did not see the price drop as large as Bowden. In the past 24 hours, Trump’s price has fallen by 7%. Although this price drop was significant, it was insignificant compared to BODEN’s recent price movement.
However, just like BODEN’s price action, the TRUMP token also showed signs of a downtrend before its price dropped significantly. Besides, the social volume around the token has also decreased, indicating the waning popularity of the TRUMP token.
Furthermore, the weighted sentiment around the TRUMP token has also decreased, meaning that negative comments about TRUMP outnumbered positive ones at the time of publishing.
Source: Feelings
What then?
Although the TRUMP token hasn’t been doing well on social media metrics, the presidential candidate on whom the token is based has been doing relatively well.
Donald Trump’s chances of winning the 2024 presidential election have risen to a new high of 63%, latest figures show. Since the discussions began, Trump’s probability of winning the election has increased by more than 10%.
President Biden’s odds of winning a second term fell from 48% to 37%.
Markets believe that Donald Trump will become the next president. This could positively impact the price movement of TRUMP token in the future.
Source: X
